New Study by Mixon Examines First-Generation Rent Control in 20th Century Florence, Italy

Rent control was an extremely widespread policy in Europe throughout the 20th century. First introduced during World War I as an emergency measure, over time the older, stricter systems of rent control – known as “first-generation” rent control, consisting of nominal rent freezes – were replaced in Europe by softer, “second-generation” systems. Turner College economist Frank Mixon and his colleagues Aurora Iannello of Fondazione Vera Nocentini and Steven Caudill of Florida Atlantic University recently conducted micro-data research on the impact of 20th century first-generation rent controls in Europe using data on apartment rents in Florence, Italy, from 1950 to 1963. These researchers hand collected micro-data on the Florentine rental market for the decades of the 1950s and 1960s from the historical archives of the Edificatrice S.p.A., which owned and rented low-income housing units in Florence from 1848 to 1976. The yearly handwritten registers from the Edificatrice S.p.A. contain information on each unit’s rental price, number of rooms, and electricity and gas bills, among other details.

Hedonic pricing regressions presented in the study, which is set to appear in a future issue of Applied Economics, indicate that controlled rents per room are €22.13 lower than uncontrolled rents per room, which, although substantial, is a bit smaller than the raw difference in mean rent per room. The research team also examined the pricing of a hypothetical apartment with mean characteristics over all apartments in the sample, both controlled and uncontrolled, evaluated at hedonic prices in order to provide year-by-year estimated controlled and uncontrolled rents. Near the beginning of the period under study (i.e., 1950) uncontrolled rents were about 12 to 13 times higher than controlled rents. By the end of the period (i.e., 1963) this ratio had fallen to about three.

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Four Turner College Faculty Recognized for Outstanding Teaching

CSU Head Women's Soccer Coach Jay Entlich recently released a list of CSU faculty who have been chosen by a player as a member of the CSU faculty who has impacted the player in a positive way along their journey at CSU. Four Turner College faculty were included on the list, along with the player who nominated each. Management professor Phil Bryant was named by Sophia Leal , a freshman midfielder from Oxford, Georgia. Sophia attended Eastside High School and was a two-time all-region selection during her high school career. Through the first 10 games of 2024, she has scored one goal and recorded three assists. Next, management professor John Finley was named by Lizz Forshaw , a graduate student forward from Stockton, England. Lizz, who attended IMG Academy in south Florida, has scored four goals and recorded four assists this season. During her senior year in 2023, she scored three goals and recorded two assists. As a junior in 2022, Lizz scored three goals ...

Turner College Grad Publishes Academic Study on Corporate Culture and Strategy

Former Turner College student Tamara Todorova , now an associate professor of economics at American University in Bulgaria (AUB), recently published a study on corporate culture and strategy. Todorova earned an MBA from the Turner College in 1996 and then went on to earn a doctorate in international economics from the University of Economics - Varna in 2001. She has been on the faculty at AUB since August of 2000. Todorova's study, which appears in the current issue of the International Journal of Business Performance Management , investigates how corporate culture helps to economize on the transaction costs of internal organization. As she explains, the dimensions of corporate culture that assist in this task include increasing trust and reducing intrafirm opportunism. Todorova's study demonstrates that setting common goals and a common direction reduces the sizeable costs of internal organization. Tamara's prior research appears in Economics of Transition , International ...

Hammer joins Turner College Finance Faculty

The Turner College's Department of Accounting and Finance welcomes Melissa Ingle Hammer , who joins the group as an adjunct faculty in finance. Hammer graduated from the Turner College in 2005, after earning a BBA in finance. She later went on to earn an MBA from Auburn University, a Specialist Certificate in Conduct Risk from the University of Manchester, a Certificate in Team Culture from the University of Pennsylvania, and a Certificate in Executive Presence from Cornell University. Hammer is the SVP of Fair Lending Product Management with RiskExec at Asurity. She previously worked as Compliance Manager of Fair Lending at Synovus, a senior regulatory consultant with Wolters Kluwer, and as VP of Compliance at TD. This semester Hammer will be teaching FINC 3135, Financial Institutions and Technologies. Turner Business welcomes Melissa and wishes her a great first semester in the Turner College.

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