Liu, Jiong; Farahani, Hamed; Serota, R. A. - In: Economies : open access journal 12 (2024) 2, pp. 1-16
We use house prices (HP) and house price indices (HPI) as a proxy to income distribution. Specifically, we analyze … distribution of sale prices in the 1970-2010 window of over 116,000 single family homes in Hamilton County, Ohio, including …, wherein power-law distribution tail gives way to an abrupt decay to a finite upper limit value, which is similar to our recent …