Rental Housing Markets and the Natural Vacancy Rate
利用新的人口普查空置率数据，分析了美国16个城市1981-85年间的租赁住房价格调整机制，并估计了自然空置率及其影响因素。
This paper employs new census vacancy rate data to analyze the price‐adjustment mechanism for rental housing. The study extends previous research on this topic, which provided conflicting evidence concerning the traditional theory of rental housing market adjustment (see Smith [10] , [11] ; DeLeeuw and Ekanem [2] ; Eubank and Sirmans [4] ; and Rosen and Smith [8] ). Cross‐section and time‐series data are pooled to estimate natural vacancy rates for sixteen United States cities for the 1981–85 period. The analysis further explores the determinants of variation in natural vacancy rates across those metropolitan areas.