The housing market exhibits a puzzling yet repetitive seasonal boom and bust cycle where prices and trade volume rise … in summers and fall in winters. This paper presents a search model that analytically generates the observed deterministic …

I propose a model of the housing market using a search framework with asymmetric information in which sellers are … advantage in the matching process, incentive compatible listing contracts are implementable as long as housing is not already … posting as a signalling device to direct buyers' search. Adverse selection and inefficient entry on the demand side then …

structural search model that allows housing owners to buy second houses to let out, and let rents be determined endogenously. To …In this paper, I explore and explain how buy-to-let investors affect housing price dynamics. The impact of buy …-to-let investors on the housing market is much discussed by policy makers, but previously not considered in the literature. I develop a …

model, the search and matching theory and behavioral economics. Concerning the latter, we propose a new framework to explain …We review the existing literature on the causes of vacancies in the housing market. First, we present a detailed … vacancies in the housing market in the context of prospect theory which could be extended by future research. Second, we …

This chapter surveys the literature on the microstructure of housing markets. It considers one-sided search, random … matching, and directed search models. It also examines the bargaining that takes place once a match has occurred, with the … bargaining taking various forms, including two-party negotiations of different types and multiparty housing auctions. The chapter …

Experimental studies of search behavior suggest that individuals stop searching earlier than predicted by the optimal … standard search task as well as a lottery task designed to elicit utility functions. We find that search heuristics are not …

We develop a three-stage model of abatement technology search, adoption, and deployment. Using this model, which draws … on search theory tools more frequently used in labour and monetary economics, we compare market-based and command …-and-control pollution control instruments with respect to the incentives each provides for abatement technology search and adoption …