. When this thinking is applied to the housing market, it leads to the conclusion that any inequality in housing supply or … generations seems to speak against the virtues of market mechanisms in the resolution of housing disequilibria. Stiglitz and Weiss … impacts on the return function of bank loans, which leads to interest rates used in housing loans to be different from those …

This paper presents a simulation analysis of several policies, or policy proposals, for improving housing affordability … for first home owner-occupiers in Australia: the First Home Owner Grant, housing equity partnerships and deposit loans …. The focus is on the impact of these measures for housing demand, the private saving rate and house prices. The simulations …

for a really bad school compared to just a bad school. In this paper, we formulate a simple housing search model that … education via housing. First, alternative schooling arrangements (e.g., private school, home schooling, magnet schools, etc) can … air pollution on housing prices, they included a dummy variable which indicated residents' attitudes about the quality of …

. First, housing is explicitly modeled as both a consumption and investment good, as opposed to examining just one aspect in … Retirement Survey. As a result, the model proves that the “over-investment” of housing is not inconsistent with the behavior of … rational, forward-looking agents. The model is also able to capture the negative correlation between the housing share and …

Housing investment is one of the most cyclical components of GDP. Much of that cyclicality stems from the sector …. Although the housing sector is generally considered to be more interest-sensitive than the economy as a whole, the degree of … this sensitivity seems to vary between countries and through time. In this paper, we model the housing markets in Australia …