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Seasonal cycles in a model of the housing market

Selcuk, Cemil - In: Economics Letters 123 (2014) 2, pp. 195-199

The US housing market exhibits seasonal boom and bust cycles where prices and the speed of trade (turnover rate) rise in summers and fall in winters. We present a search model that analytically generates the observed cycles. The proposed mechanism is based on swings in market thickness rather...

Persistent link: https://www.econbiz.de/10011041606

Buyer’s equilibrium with capacity constraints and restricted mobility: A recursive approach

Camera, Gabriele; Kim, Jaehong - In: Economics Letters 118 (2013) 2, pp. 321-323

We study a decentralized trading model as in Peters (1984a), where heterogeneous market participants face a trade-off between price and trade probability. We present a novel proof of existence of a unique demand vector in Nash equilibrium, based on a recursive approach that exploits the...

Persistent link: https://www.econbiz.de/10010608098

The disappearing gay income penalty

Clarke, Geoffrey; Sevak, Purvi - In: Economics Letters 121 (2013) 3, pp. 542-545

Since 1995, labor economists have reported on the income disparities between individuals who engage in same-sex behavior and those that do not. Many of these papers report a significant wage penalty, while others find no effect, but few look at the trend over time. We find, using National Health...

Persistent link: https://www.econbiz.de/10010729479

Reversal of gender gaps in child development: Evidence from young children in India

Lopez Boo, Florencia; Canon, Maria Eugenia - In: Economics Letters 124 (2014) 1, pp. 55-59

This paper provides unique evidence of a reversal of gender gaps in cognitive development in early childhood. We find steep caste and gender gradients and few substantive changes once children enter school. The gender gap, however, reverses its sign for the upper caste, with girls performing...

Persistent link: https://www.econbiz.de/10010784989

The Oaxaca decomposition generalized to a continuous group variable

Ulrick, Shawn W. - In: Economics Letters 115 (2012) 1, pp. 35-37

Almost universally, the Oaxaca (1973) decomposition is used to compare the outcomes between two discrete groups, e.g., black and white. In many applications, however, groups are not readily divided into discrete bins. The purpose of this paper is to extend the Oaxaca decomposition to examine...

Persistent link: https://www.econbiz.de/10010572213

Neighborhood Segregation and Black Entrepreneurship

Fesselmeyer, Eric - 2017

We examine the causal effect of neighborhood segregation on black entrepreneurship. We address neighborhood sorting by … analyzing city averages and omitted variable bias by instrumenting for segregation using historical railroad configurations. We … find that segregation has a significant positive effect: a 10 percentage point increase in the dissimilarity index …

Persistent link: https://www.econbiz.de/10012968357

Location Matters : Historical Racial Segregation and Intergenerational Mobility

Andrews, Rodney - 2017

This paper explores historical patterns of racial segregation and its relationship with the observed spatial variation … Opportunity Project with a novel measure of racial segregation developed in Logan and Parman (forthcoming) and find that past … racial segregation explains a significant portion of the spatial variation in intergenerational mobility. These findings are …

Persistent link: https://www.econbiz.de/10012941651

A short proof for the characterization of the core in housing markets

Anno, Hidekazu - In: Economics Letters 126 (2015) C, pp. 66-67

We provide a short proof for the following characterization of the core in housing markets first proved by Ma (1994): the core is the only rule that satisfies strategy-proofness, Pareto efficiency and individual rationality.

Persistent link: https://www.econbiz.de/10011189557

Should we tax vacant dwellings? A search equilibrium model applied to the rental housing market

Ménard, Sébastien - In: Economics Letters 117 (2012) 1, pp. 88-90

This article examines the effects of a tax on vacant dwellings. I use a search equilibrium model in which the distribution of rent is the result of the owners’ posting strategy. I show that this tax reduces the number of vacant dwellings and increases the average rent.

Persistent link: https://www.econbiz.de/10010580472

The economic impact of Swiss smoking bans on the hospitality sector

Marti, Joachim; Schläpfer, Jörg - In: Economics Letters 124 (2014) 1, pp. 136-139

economic activity of bars and restaurants in Switzerland. However, we find some evidence of a negative impact on sales in …

Persistent link: https://www.econbiz.de/10011041739