@article{c2a615ec3e4f4dd2841aaefbf21ad58c,
title = "Age of rental housing units and vacancy characteristics A filtering explanation",
abstract = "Aggregate data on rental units indicate that older units have lower vacancy frequencies and higher vacancy durations than newer units. A formulation consistent with the filtering hypothesis of the housing literature is presented that explains the above empirical regularity.",
author = "Guasch, {J. Luis} and Marshall, {Robert C.}",
note = "Funding Information: *We are grateful to John Conlisk, Vince Crawford, David Lilien, Max Perkins, Joel Sobel, and an anonymous referee for very helpful suggestions. Robert C. Marshall is indebted to the Shell Companies Foundation for partial aid during the time this work was done. J. Luis Guasch gratefully acknowledges financial support from the National Science Foundation under Grant no. SES-8408219.",
year = "1985",
month = aug,
doi = "10.1016/0166-0462(85)90022-5",
language = "English (US)",
volume = "15",
pages = "403--419",
journal = "Regional Science and Urban Economics",
issn = "0166-0462",
publisher = "Elsevier B.V.",
number = "3",
}