Showing 1 - 10 of 2,561
Persistent link: https://www.econbiz.de/10003934200
In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the way houses are bought and sold in the United States. Our model is consistent with the observation that houses are sometimes sold above, sometimes below and sometimes at the...
Persistent link: https://www.econbiz.de/10011379608
Theoretical models on the selling process in the housing market are scarce. Taylor (1999) specifies a model where time-on-the-market gives a quality signal of the house to potential buyers if inspection outcomes of the house are not public. We specify a duration model with competing risks, where...
Persistent link: https://www.econbiz.de/10011382079
How should urban containment and the diversion of households to nearby residential areas be evaluated from a welfare economic perspective? Assuming the existence of a negative externality of city size, we develop a concise general equilibrium model for a mother city and a satellite. This...
Persistent link: https://www.econbiz.de/10011374401
This paper investigates second-best congestion pricing in a monocentric city characterized by distortionary, rigid regulatory mechanisms in the housing market (building height restrictions, zoning and property taxation). The Pigouvian toll is shown to retain its optimality under any setting with...
Persistent link: https://www.econbiz.de/10010464784
Persistent link: https://www.econbiz.de/10001639516
Persistent link: https://www.econbiz.de/10000985225
We study the effect of borrowing constraints in an assignment model of the housing market. When constraints apply symmetrically to all households, these lead to lower prices but unchanged housing consumption. When households can invest their own wealth and may differ in tastes, borrowing...
Persistent link: https://www.econbiz.de/10013540636
This paper investigates the effect of parental separation on homelessness. Previous studies are limited in their … parental separation and homelessness, we estimate bivariate duration models to examine transitions into homelessness resulting … separation significantly increases the likelihood of experiencing homelessness in subsequent years for boys and girls if the …
Persistent link: https://www.econbiz.de/10011627067
This paper studies the relationship between early mental health episodes and early homelessness, focusing on depression … the early onset of mental health conditions make a first transition into homelessness more likely. Similarly, we analyse … whether early experiences of homelessness increase the likelihood of early onset of depression or anxiety. We perform our …
Persistent link: https://www.econbiz.de/10013359047