the supply of owner-occupied housing, but can also contribute to gentrification associated with the inflow of different …

In spite of a growing recognition of the importance of supply conditions for the level and volatility of house prices …, empirical work on housing supply outside the US is scarce. This paper considers various measures of housing supply in the …

simultaneous equations analysis, we find that employment adjusts to the regional supply of labour. Net internal migration is … predominantly determined by regional housing supply and not by employment growth. Growth of the regional housing stock responds only … moderately to changes in the number of people and jobs. This lack of responsiveness to demand conditions is plausibly related to …

Multi-unit ascending auctions allow for equilibria in which bidders strategically reduce their demand and split the … exclude entrants from the market. We consider an environment where both demand reduction and preemptive bidding are supported … discriminatory auction. Strategic demand reduction is quite prevalent in the ascending auction even when entry by the newcomer …