Why are there so few elevators in Copenhagen?


 

Abstract:

The proposed research project aims at testing theoretical models of bargaining under asymmetric information with data from Denmark. Specifically, we wish to test if there is underinvestment in elevators in older apartment buildings in Copenhagen, in the sense that elevators are not retrofitted even if the benefits in market value and user value exceed the investment cost. The data include both transaction prices and the characteristics of apartments and buildings for owner-occupied apartments in Copenhagen municipality over the period 1993-2012.

Type:

Private (National)

Funder:

Kraks Fond

Status:

Current

Start Date:

01-02-2016

End Date:

30-06-2017

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