, racial income disparities, and segregation. The use of race as a signal arises here, as in models of statistical … transactions, racial signaling can emerge with only minimal assumptions about the ex ante importance of race. In a search framework …

joint location and tenure mode decisions. To investigate the effect of homeownership on equilibrium prices and allocations … three results. First, homeownership enables more households to remain in the more desirable location at the expense of … newcomers. Second, homeownership adds to the volatility of the housing market. Third, homeownership may amplify the dispersion …