Narrow search
Showing 1 - 10 of 928
Cover Image
Housing Supply and Housing Bubbles
Glaeser, Edward L. - 2008
Like many other assets, housing prices are quite volatile relative to observable changes in fundamentals. If we are going to understand boom-bust housing cycles, we must incorporate housing supply. In this paper, we present a simple model of housing bubbles that predicts that places with more...
Persistent link: https://www.econbiz.de/10012464454
Cover Image
Capital Goods Prices, Global Capital Markets and Accumulation : 1870-1950
Collins, William J. - 1999
variety of tests for world financial capital market integration ranging from the correlation of saving and investment …
Persistent link: https://www.econbiz.de/10012471649
Cover Image
Trade Openness and Investment Instability
Razin, Assaf - 2002
In the presence of lumpy investment cost of adjustment, globalization may have non-conventional effects on the level of … investment and its cyclical behavior. Trade openness may lead to a discrete 'jump' in the level of investment, as it may trigger … a discrete change in the terms of trade. Such a shift creates a sizeable boost in aggregate investment. But trade …
Persistent link: https://www.econbiz.de/10012469888
Cover Image
Does Capital Scarcity Matter?
Chari, Anusha - 2017
This paper quantifies the welfare impact of a permanent increase in the level of per capita income brought about by a temporary increase in the growth rate of GDP per capita following capital account liberalization. In the immediate aftermath of liberalization, and under a range of assumptions,...
Persistent link: https://www.econbiz.de/10012453793
Cover Image
Trade and Investment in the Global Economy
Anderson, James E. - 2017
We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology …
Persistent link: https://www.econbiz.de/10012453954
Cover Image
Platform as a Rule Maker : Evidence from Airbnb's Cancellation Policies
Jia, Jian; Jin, Ginger Zhe; Wagman, Liad - National Bureau of Economic Research - 2021
Digital platforms are not only match-making intermediaries but also establish internal rules that govern all users in their ecosystems. To better understand the governing role of platforms, we study two Airbnb pro-guest rules that pertain to guest and host cancellations, using data on Airbnb and...
Persistent link: https://www.econbiz.de/10012585362
Cover Image
Human-Algorithm Interactions : Evidence from Zillow.com
Fu, Runshan; Jin, Ginger Zhe; Liu, Meng - National Bureau of Economic Research - 2022
Using bi-weekly snapshots of Zillow in three US cities, we document how home sellers and buyers interact with Zillow's Zestimate algorithm during the sales cycle of residential properties. We find that listing and selling outcomes respond significantly to Zestimate, and Zestimate is quickly...
Persistent link: https://www.econbiz.de/10013172179
Cover Image
Age-Based Property Tax Exemptions
Banzhaf, H. Spencer - 2019
Many local jurisdictions offer property tax exemptions or similar concessions to older citizens. Such exemptions represent substantial intergenerational transfers and may have important implications for local public finances. The consequences of age-based property tax exemptions depend upon the...
Persistent link: https://www.econbiz.de/10012479424
Cover Image
The Total Risk Premium Puzzle
Jordà, Òscar - 2019
The risk premium puzzle is worse than you think. Using a new database for the U.S. and 15 other advanced economies from 1870 to the present that includes housing as well as equity returns (to capture the full risky capital portfolio of the representative agent), standard calculations using...
Persistent link: https://www.econbiz.de/10012479604
Cover Image
Gender Differences in Negotiation : Evidence from Real Estate Transactions
Andersen, Steffen - 2020
We investigate negotiations over real estate and find that men secure better prices than women when negotiating to buy and sell property. However, the gender difference declines substantially when improving controls for the property's value; and is eliminated when controlling for unobserved...
Persistent link: https://www.econbiz.de/10012481512