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Gohl, Niklas; Haan, Peter; Michelsen, Claus; Weinhardt, … - 2022

hypothesis about the incidence, formation, and relevance of price expectations. To do so, we use data from a tailored household …

Persistent link: https://www.econbiz.de/10012819576

Does policy communication during COVID-19 work?

Coibion, Olivier; Gorodnichenko, Yuriy; Weber, Michael - 2020

Using a large-scale survey of U.S. households during the Covid-19 pandemic, we study how new information about fiscal and monetary policy responses to the crisis affects households' expectations. We provide random subsets of participants in the Nielsen Homescan panel with different combinations...

Persistent link: https://www.econbiz.de/10012237791

Information frictions among firms and households

Link, Sebastian; Peichl, Andreas; Roth, Christopher; … - 2022

We survey samples of German firms and households to document novel stylized facts about the extent of information frictions among the two groups. First, firms' expectations about macroeconomic variables are closer to expert forecasts and less dispersed than households', consistent with higher...

Persistent link: https://www.econbiz.de/10012886985

The "soda tax" is unlikely to make Mexicans lighter : new evidence on biases in elasticities of demand for soda

Andalón, Mabel; Gibson, John K. - 2017

own-price elasticity of quantity demand for soda of between -1.0 and -1.3. These estimates ignore consumer responses on … the quality margin and correlated measurement errors. We use Mexican household budget survey data and city-level soda … prices to estimate unrestricted demand models that correct for both errors. The corrected own-price elasticity of quantity …

Persistent link: https://www.econbiz.de/10011647675

Superstition in the housing market

Fortin, Nicole Marie; Hill, Andrew J.; Huang, Jeff - 2013

We provide the first solid evidence that Chinese superstitious beliefs can have significant effects on house prices in a North American market with a large immigrant population. Using real estate data on close to 117,000 house sales, we find that houses with address number ending in four are...

Persistent link: https://www.econbiz.de/10009766279

How do households discount over centuries? : evidence from Singapore's private housing market

Fesselmeyer, Eric; Liu, Haoming; Salvo, Alberto - 2016

We examine Singapore's fairly homogeneous private-housing market and show that new apartments on historical multi-century leases trade at a non-zero discount relative to property owned in perpetuity. Descriptive regressions indicate that new apartments with 825 to 986 years of tenure remaining...

Persistent link: https://www.econbiz.de/10011455856

Superstition, conspicuous spending, and housing markets : evidence from Singapore

Agarwal, Sumit; He, Jia; Liu, Haoming; Png, Ivan; Sing, … - 2016

For most people, buying a home is their single largest financial commitment. Previous research shows that Chinese buyers pay less for homes with unlucky addresses and more for homes with lucky addresses. Using Singapore data on housing transactions combined with a plethora of individual buyer...

Persistent link: https://www.econbiz.de/10011458319

Real estate agent earnings and local housing prices

Hirsch, Barry T.; Macpherson, David A.; Qu, Zichong - 2022

Real estate agents typically receive commissions based on a fixed percentage of home price purchases. Because housing prices vary across markets, one might expect that realtors have higher earnings in high-priced markets. Prior work by Hsieh and Moretti (2003) suggests that entry among realtors...

Persistent link: https://www.econbiz.de/10013198946

Explaining regional disparities in housing prices across German districts

Brausewetter, Lars; Thomsen, Stephan L.; Trunzer, Johannes - 2022

price bubbles are concentrated in the largest cities and in the purchasing market. Prices seem to be driven by the demand …

Persistent link: https://www.econbiz.de/10013172850

Rising sea levels and sinking property values : the effects of Hurricane Sandy on New York's housing market

Ortega, Francesc; Taṣpınar, Süleyman - 2016

Are coastal cities adjusting to rising sea levels? This paper argues that large-scale events have the potential to ignite the process. We examine the effects of hurricane Sandy on the New York City housing market. We assemble a large plot-level dataset with rich geographic data on housing sales...

Persistent link: https://www.econbiz.de/10011581670

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