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This chapter examines the hedonic analysis of housing markets. These techniques have been widely applied in studies of … the demand for housing attributes and environmental amenities. The chapter discusses the theoretical foundation of such …
Persistent link: https://www.econbiz.de/10005124882
, convenience and affordability of services offered by financial service firms (FSFs). A GLS systems model is applied to cross …
Persistent link: https://www.econbiz.de/10005134909
deliberately constrained the supply of space, and space is an attribute of housing which is income elastic in demand, rising … prices. Several housing attributes other than garden space are to a degree substitutes for land but the underlying cause of … the inelastic supply of housing in the UK is the constraint on land supply. The final section proposes a mechanism which …
Persistent link: https://www.econbiz.de/10005407858
Persistent link: https://www.econbiz.de/10005062511
In order to gain more insight into the relationship between housing prices and mortgage lending, we estimate models for … both the Dutch housing and the mortgage market. The empirical analysis presented in this paper offers support for the … hypothesis that in the Netherlands housing prices and mortgage lending are interdependent. According to our model, housing prices …
Persistent link: https://www.econbiz.de/10005412625
This page is forthcoming in the journal, Macroeconomic Dynamics, as an Announcement from the Editor. The page provides …
Persistent link: https://www.econbiz.de/10005076743
Persistent link: https://www.econbiz.de/10005126090
This statement outlines the objectives and policies of the new journal, Macroeconomic Dynamics, which is dedicated to …
Persistent link: https://www.econbiz.de/10005126416
This paper studies the existence of single-price price equilibrium from a given initial distribution of money holdings in a search-theoretic model of money where agents have no time preference. The model is similar to the authors' recent models of search economies with no constraints on money...
Persistent link: https://www.econbiz.de/10005561223
This paper presents a model of an economy in which traders use social capital to reduce transaction costs. A key assumption is that there are two types of social capital: “village” capital relies on personal networks and repeat play to guarantee contracts; “market” capital relies on...
Persistent link: https://www.econbiz.de/10005118663