This paper develops a theoretical model in which the matching framework à la Pissarides (2000) extended to the housing market is integrated with the hedonic price theory. Market tightness and selling price collectively determine the long-run equilibrium of the economic system in which a seller...

The paper extracts housing bubble implications from the perspective of housing price predictability. Specifically, it examines predictive powers of the good-time-to-buy (GTTB) index and the federal funds rate in nationwide and state-level housing price returns by means of out-of-sample tests...

Empirical results in this study demonstrate that house prices have limited influence over rents in Taiwan. In fact, the impact of house prices on rents is not as apparent as of other factors like the floor (high or low), area, and the interaction of multiple factors such as house attributes like...

Hedonic housing price models should deal with spatial autocorrelation in order to avoid bias and inconsistency in the coefficient estimates. Multilevel models have been presented as a way of properly considering the effects of neighbourhood amenities operating at different spatial hierarchies....

This article provides an evaluation of the effects of age and generation on household car-use behavior in France, and sheds some light on household perception of fuel price volatility. Using repeated cross-section data from the French "Car Fleet" survey, a pseudo-panel averaging households in...

The purpose of this paper is to provide further insights into how the Turkish internal migrants' party choices are influenced by the voting patterns in their places of origin. We consider the impact of several factors including the timing of the departure from the origin and the migrants'...

The paper uses the procedure for estimating regional consumer price index numbers based on the estimation of item-specific region wise Engel curves. Given the problem of unavailability of official district level poverty lines, the same are estimated by multiplying the official state level...

This paper studies the effects of the property tax, implemented in Shanghai and Chongqing since January 28, 2011, on the housing price. Applying the synthetic control method of Abadie, Diamond, and Hainmueller (2010), we construct counterfactual housing price for Shanghai and Chongqing using...

This paper explores how the rate of home-ownership is related to the formation of social capital using panel data from Japan during the period 19862006. I have used Dynamic Panel estimation to control unobserved prefecture-specific fixed effects and an endogeneity bias. I have found...

This paper extends a standard altruism model of private transfers to a multiple goods model. It has been pointed out that unlike the exchange-motivated transfers, altruistically motivated private transfers would mitigate income inequality in terms of quantity. However, taking the effect of...