Can the Mortensen-Pissarides model match the housing market facts?

Gaetano Lisi

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, Belgium : EERI, Economics and Econometrics Research Institute
Subject:	House prices \| time-on-the-market \| housing price dispersion \| bargaining power \| search and matching frictions \| Immobilienpreis \| Real estate price \| Matching \| Suchtheorie \| Search theory \| Wohnungsmarkt \| Housing market \| Immobilienmarkt \| Real estate market \| Verhandlungsmacht \| Bargaining power \| Schätzung \| Estimation

freely available

Full text |

More access options

www.eeri.eu

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (circa 13 Seiten) Illustrationen
Series:	EERI research paper series. - Brussels : EERI, ISSN 2031-4892, ZDB-ID 2861229-2. - Vol. no 2012/1
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/142630 [Handle]
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:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011524919