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In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the …. Our model offers a new way to look at the housing market from a search-theoretic perspective. In addition, we contribute … to the directed search literature by considering a model in which the asking price (i) entails only limited commitment …
Persistent link: https://www.econbiz.de/10011379608
that mainly focused on estimating the effects of benefit duration on job search and acceptance strategies of the unemployed …
Persistent link: https://www.econbiz.de/10010202667
from the housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can …, indicating the importance of stock-flow matching for understanding housing market dynamics. …This paper investigates the US housing market from just before the Great Recession onward (2006-19) and assesses the …
Persistent link: https://www.econbiz.de/10013417356
housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can not only … the importance of stock-flow matching for understanding housing market dynamics. …This paper investigates the US housing market from just before the Great Recession onward (2006-2019) and assesses the …
Persistent link: https://www.econbiz.de/10013419282
feature of such a system. -- No surcharge ; credit cards ; payments ; money ; search …
Persistent link: https://www.econbiz.de/10003730553
We examine overconfidence among equity mutual fund managers. While overconfidence has been extensively documented among retail investors, evidence from professional investors is scarce. Consistent with theories of overconfidence, we find that fund managers trade more after good past performance....
Persistent link: https://www.econbiz.de/10003783625
. -- Transportation mismatch ; job search ; spatial labor markets ; multiple job centers ; ethnic minorities …
Persistent link: https://www.econbiz.de/10003771952
In this paper, we emphasize that choice sets generated by a search process have two properties: first, they are limited … choice sets as given. To correct for this bias, we estimate a structural model of search for differentiated products, using a … unique dataset of consumer online search for hotels. Within a nested logit utility model, we show that the mean utility …
Persistent link: https://www.econbiz.de/10003914087
Cripps et al. (2005) conjectured that in an infinitely repeated game with two equally patient players, if there is positive probability that the players could be Stackelberg types, then equilibrium behavior would resemble a war of attrition, i.e., a two-sided reputation result would hold. In...
Persistent link: https://www.econbiz.de/10008665867
Two ubiquitous empirical regularities in pay distributions are that the variance of wages increases with experience, and innovations in wage residuals have a large, unpredictable component. The leading explanations for these patterns are that over time, either firms learn about worker...
Persistent link: https://www.econbiz.de/10008689037