Can the Mortensen-Pissarides Model Match the Housing Market Facts?

This paper examines whether the Mortensen-Pissarides matching model can account for the housing markets facts, most of all the empirical anomaly known as ‘price dispersion’. Our main finding is that the model can account for the three basic facts of housing market, without any restrictive assumption and in a very simple framework.

MoreLess

Year of publication:	2012
Authors:	Lisi, Gaetano
Publisher:	Brussels : Economics and Econometrics Research Institute (EERI)
Subject:	House prices \| time-on-the-market \| housing price dispersion \| bargaining power \| search and matching frictions

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Series:	EERI Research Paper Series ; 01/2012
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	866421343 [GVK] hdl:10419/142630 [Handle] RePEc:eei:rpaper:EERI_RP_2012_01 [RePEc]
Classification:	R0 - Urban, Rural, and Regional Economics. General ; R31 - Housing Supply and Markets ; R21 - Housing Demand ; D40 - Market Structure and Pricing. General ; D83 - Search, Learning, Information and Knowledge
Source:	EconStor

Persistent link: https://www.econbiz.de/10011496171