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Market Concentration and the Danish Rental Market
Per Andersen
Denis Gorea
Thomas Krause
出版
Danmarks Nationalbank
, 2022
URL
http://books.google.com.hk/books?id=TkFezwEACAAJ&hl=&source=gbs_api
註釋
This memo provides two insights on the evolution of market concentration in the Danish rental market and its relation to rental prices. First, we show that rental market concentration not only increased between 2010 and 2020, but also varied significantly across Danish municipalities. Second, we document a small positive empirical link between concentration and rents for apartments in the private Danish rental market. Our results are especially relevant for the evolution of house prices, as the effect of market concentration on rents can spill over to the housing market by forcing sellers to stay longer than necessary in their homes before moving, which could lead to higher house prices.