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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 … structural search model that allows housing owners to buy second houses to let out, and let rents be determined endogenously. To …
Persistent link: https://www.econbiz.de/10011966851
In many (online) markets, consumers can readily observe prices, but need to examine individual products at positive cost in order to assess how well they match their needs. We propose a tractable model of price-directed sequential search in a market where firms compete in prices. Each product...
Persistent link: https://www.econbiz.de/10012241989
The consumer search literature mostly considers independently distributed products. In contrast, I study a model of directed search with infinitely many products whose valuations are correlated through shared attributes. I propose a tractable, systematic, history-dependent scoring system based...
Persistent link: https://www.econbiz.de/10014566746
I analyze a model of directed search in which a consumer inspects a finite number of products sharing attributes with each others. The consumer discovers her valuation for the attributes of the inspected products and adapts her search strategy based on what she has learned. The consumer...
Persistent link: https://www.econbiz.de/10014566747
. The paper finds a significant reduction in housing prices accounted to ZIP code level flood risk even after controlling … for a wide range of geographical and socio-economic features. This paper finds that flood risk reduces housing prices … inundation depths are 10% higher, housing prices tend to be 1% lower on average plus another 1% lower along the major rivers. …
Persistent link: https://www.econbiz.de/10011538192
has for the affordability of housing. We highlight that in recent years, transactions of residential land have decreased …-family housing has become more expensive than average. Finally, the article discusses how the scarcity of residential land can be …
Persistent link: https://www.econbiz.de/10014281339
We study the effects of limited attention on property prices and energy efficiency (EE) investments in the housing …
Persistent link: https://www.econbiz.de/10012308597
Persistent link: https://www.econbiz.de/10011650461
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