Daily Events

Since December 1st till March 31 you can apply to our programs:
Master in Economic Research and PhD in Economics

Entry requirements are:
- BA / MA degree or equivalent
- Proficiency in spoken and written English
- Solid background in mathematics
- Previous education in economics is recommended

Your online application must content following documents:
- Curriculum vitae
- Statement of motivation
- Copies of your diplomas and transcripts
- Proof of English proficiency level
- Contact details for two (or max. three) referees (optional for MA applicants)

For more information please see sections: How to apply to MER or How to apply to PhD
In case of any question, please do not hesitate to contact us at This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.
or see the FAQ sections for Master´s or Phd program.

Sidharth Moktan, M.Res.

The London School of Economics & Political Science, England

Abstract: A large and growing share of households rent from private landlords. I empirically analyze how landlord supply constraints affect welfare and housing affordability by influencing rents, prices, and the allocation of houses between the rental and owner occupied sectors in the UK in the presence of household borrowing constraints. I combine several novel datasets of UK property markets and document three key facts that suggest the impact of landlord supply constraints on the housing market: (i) housing quality is segmented between the rental and owner-occupied sectors, with rentals generally offering lower quality, (ii) cities with more pronounced quality segmentation tend to have higher rent-to-price ratios, and (iii) in more segmented cities landlords have fewer assets. To quantify the effect of landlord supply constraints on the housing market, I develop and estimate a two-sided assignment model which features households’ optimal choice of housing quality and tenure (i.e., the choice to rent or own) in the presence of borrowing constraints, landlords’ profit-maximizing choice of quality to rent out, and endogenous quality segmentation and rent-to-price ratios which are determined in equilibrium. I conduct counterfactual experiments to show that differences in landlord supply constraints explain much of the variation in quality segmentation and rent-to-price ratios observed across cities.

Full Text: An Empirical Equilibrium Model of the Markets for Owner-Occupied and Rental Housing

Are you curious about studying economics at CERGE-EI? Join us for our Open Day on February 20 at 1.00 PM CET!

Network with our faculty, students, and alumni! Explore our programs (Master in Economic Research and PhD in Economics) and find out why CERGE-EI is the perfect place to launch your career.

Whether you're in Prague or joining us online, we would be thrilled to have you with us!

Register now
In-person: Politických vězňů 7, Prague 1
Online: https://cerge-ei.webex.com/cerge-ei/j.php?MTID=mdb4f3f9c061e60de29fceabf058b8382

Program:

Are you curious about studying economics at CERGE-EI? Join us for our Virtual Open Day on February 20 at 1.00 PM CET!

Learn more about our programs (MA in Economic Research and PhD in Economics) and discover why CERGE-EI is the perfect place to launch your career.

Register now

https://cerge-ei.webex.com/cerge-ei/j.php?MTID=mdb4f3f9c061e60de29fceabf058b8382
Meeting number: 2741 484 5311
Password: 5169

Program:

Welcome address and presentation of CERGE-EI
- Marek Kapička, Director
- Stanislav Anatolyev, Deputy Director for Graduate Studies

Study programs´presentation & admission proccess
- Eva Kellnerová, Head of MA and PhD Study Affairs Office
- Markéta Tupá, Admission Coordinator

Academic Skills Center
- Deborah Nováková, Head of Academic Skills Center

Q&A session