Showing 1 - 10 of 164
We examine whether, and how, listing strategies impact sale prices in residential home sales. Literatures in housing … economics, negotiations, and auctions offer diverse predictions around this question. On the one hand, housing studies typically …
Persistent link: https://www.econbiz.de/10010664302
We develop an equilibrium search model of the housing market where sellers may become distressed as they are unable to …
Persistent link: https://www.econbiz.de/10010664408
The paper presents a model of housing and credit cycles featuring distorted beliefs and comovement and mutual …) development in house prices fuels optimism (pessimism) and credit expansion (contraction), which in turn boost (dampen) housing …
Persistent link: https://www.econbiz.de/10011048561
The US housing market exhibits seasonal boom and bust cycles where prices and the speed of trade (turnover rate) rise … in summers and fall in winters. We present a search model that analytically generates the observed cycles. The proposed …
Persistent link: https://www.econbiz.de/10011041606
can diminish its search costs on the housing market, but exposes the household to the risk of becoming a homeless … one. To do so, the household can either adopt a sequential search strategy or a simultaneous search strategy. In …-renter or a two-houses owner. The literature generally considers only the sequential search strategy. However, we show in this …
Persistent link: https://www.econbiz.de/10011077915
options, and there is less incentive to search. We also discuss a behavioral model where the propensity to buy increases when …
Persistent link: https://www.econbiz.de/10011083448
search sequentially for satisfactory deals. In the pre-merger symmetric equilibrium, consumers visit firmsrandomly. However … non-merging stores, and only when they do not find a satisfactory product there they visit the merging firms. As search … products of the constituent firms, which generates sizable search economies. We show that such demand-side economies can confer …
Persistent link: https://www.econbiz.de/10011083482
demand with optimal consumer search. Consumers first choose which products to search; then, once they learn the utility they … characteristics but also from variation in the costs of searching them. We apply the model to the automobile industry. Our search cost … estimate is highly significant and indicates that consumers conduct a limited amount of search. Estimates of own- and cross …
Persistent link: https://www.econbiz.de/10011201362
Changes in the mortgage industry have been swiftly effected over the past few years. Many of the changes have come about as a response to the high level of observed delinquencies and defaults on residential mortgages as house prices plummeted, and others have evolved from continuing concerns...
Persistent link: https://www.econbiz.de/10010989099
individual behavior with respect to the housing market, and add to an expanding literature on the biological and genetic factors …
Persistent link: https://www.econbiz.de/10010989336