Paper Search Console

Home Search Page Alphabetical List About Contact

Journal Title

Title of Journal: J Real Estate Finan Econ

Search In Journal Title:

Abbravation: The Journal of Real Estate Finance and Economics

Search In Journal Abbravation:


Kluwer Academic Publishers

Search In Publisher:



Search In DOI:



Search In ISSN:
Search In Title Of Papers:

Local Presence, Scale and Vertical Integration: Brands as Signals

Authors: John D. Benjamin, Peter Chinloy, William G. Hardin,

Publish Date: 2006/11/29
Volume: 33, Issue:4, Pages: 389-403
PDF Link


The positioning of a property along a given rent-vacancy signaling frontier depends on its ownership, branding, and quality. Confirmation of a separating equilibrium occurs if the quality from the branding, itself dependent on costly management decisions, results in rent differentials. For institutional-grade apartments in metro Atlanta, Georgia, local presence, scale, and vertical integration are productive in improving quality, signaled by branding. Even after adjustment for self-selection and physical characteristics, branded properties achieve gross rents at least 8% higher than unbranded properties with no sacrifice in occupancy. Given that branding depends on management decisions, then rents and occupancy do not depend on hedonic physical characteristics alone.



Search In Abstract Of Papers:
Other Papers In This Journal:

Search Result:

Help video to use 'Paper Search Console'