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...

This study examines the relationship between real interest rate and real house prices in Malaysia. The analysis covers recent quarterly data from 2001 to 2013. The regression results show a negative effect of real interest rate on the Kuala Lumpur house prices, but it is not the case for the...

In this paper we study the influence of superstitions related to numbers 13 and 7 on people's buying behavior in the apartment market. A unique feature of our methodology is that we use real sales data instead of survey or pricing data. Based on the dataset from Saint-Petersburg primary real...

Gentrification can be defined as the process of upper income households settlement in poor neighborhoods. While the overall population in Chicago has gone down in the 2000s, some neighborhoods experienced a growth in their upper income population. This paper presents a study of factors...

The purpose of this paper is to consider an economy that incorporates cross-border shopping and where the different levels of government are concerned with the well-being of their citizens. We assume a federal economy with a central government and two regions with specific characteristics. Two...

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...

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 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...