Similar Search Results

Demange, Gabrielle - HAL - 2011

with the invariant method. These effects are not present in a simple search model in which individuals are influenced by …

Persistent link: https://www.econbiz.de/10010738943

An Agent-Based Simulation of Rental Housing Markets

Breen, John Mc; Goffette-Nagot, Florence; Jensen, Pablo - HAL - 2009

We simulate a closed rental housing market with search and matching frictions, in which both landlord and tenant agents … search accepting residences based on their idiosyncratic tastes for housing and a disagreement point derived from information … on the distribution of offers. The steady state to which the simulation evolves shows price dispersion, nonzero search …

Persistent link: https://www.econbiz.de/10008792369

The influence of information availability on the choice of destination

Combes, F.; Palma, André De - HAL - 2010

We set a framework where an individual has to choose one among a set of spatially distributed activities. The individual knows the price of each activity, as well as the distance to reach it. She has either full or zero information about each activity's quality. Qualities are modeled by i.i.d....

Persistent link: https://www.econbiz.de/10008793537

Trading Volume and Market Efficiency: An Agent Based Model with Heterogenous Knowledge about Fundamentals

Lespagnol, Vivien; Rouchier, Juliette - HAL - 2014

This paper studies the effect of investor's bounded rationality on market dynamics. In an order driven market, we consider a few-types model where two risky assets are exchanged. Agents differ by their behavior, knowledge, risk aversion and investment horizon. The investor's demand is defined by...

Persistent link: https://www.econbiz.de/10010933931

Can the Mortensen-Pissarides Model Match the Housing Market Facts ?

Lisi, Gaetano - HAL - 2012

This paper examines whether the baseline Mortensen-Pissarides matching model can account for the housing market facts, namely, the existence of price dispersion, the positive correlation between housing price and trading volume, and between housing price and time-on-the-market. Our main finding...

Persistent link: https://www.econbiz.de/10009652973

Liquidity generated by heterogeneous beliefs and costly estimations

Shen, Min; Turinici, Gabriel - HAL - 2012

We study the liquidity, defined as the size of the trading volume, in a situation where an infinite number of agents with heterogeneous beliefs reach a trade-off between the cost of a precise estimation (variable depending on the agent) and the expected wealth from trading. The "true" asset...

Persistent link: https://www.econbiz.de/10010548256

Liquidity generated by heterogeneous beliefs and costly estimations

Shen, Min; Turinici, Gabriel - HAL - 2012

We study the liquidity, de ned as the size of the trading volume, in a situation where an in nite number of agents with heterogeneous beliefs reach a trade-o between the cost of a precise estimation (variable depending on the agent) and the expected wealth from trading. The \true" asset price is...

Persistent link: https://www.econbiz.de/10010550926

Tobin tax and trading volume tightening: a reassessment

Damette, Olivier; Goutte, Stéphane - HAL - 2014

This article extends the previous literature on the Tobin tax and financial transaction tax. We investigate the linkages between trading volumes and transaction costs using both a linear and a nonlinear methodology. In stark contrast with previous studies, we consider the possibility that our...

Persistent link: https://www.econbiz.de/10010821381