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In the U.S. real estate market, around 30 percent of listed properties remain unsold. We examine whether unsold property listings exert externalities in the housing market. Our study builds on a comprehensive dataset that encompasses residential property listings in Orange County (California)...
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technology improves. We find that there can be a U-shaped transition dynamic, so that an initial boom in share price is followed … by a temporary fall in share price even though the underlying technology is improving. …
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technology improves. We find that there can be a U-shaped transition dynamic, so that an initial boom in share price is followed … by a temporary fall in share price even though the underlying technology is improving …
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absence of speculators on the market. In the case with speculators, the resource price is continuous. Without speculators, the … price jumps upward when demand from the region with climate policy drops to zero. A tightening of climate policies results … differential non-green and green incentives to tighten its climate policies in the two price regimes. We find that, even though …
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