The current interest rate level provides hardly any returns on financial investments. Conversely, it offers debtors the opportunity to secure very favorable conditions for borrowing. Accordingly, the aim of this research is to show the effects of low interest rates on the demand behavior of...

The current interest rate level provides hardly any returns on financial investments. Conversely, it offers debtors the opportunity to secure very favorable conditions for borrowing. Accordingly, the aim of this research is to show the effects of low interest rates on the demand behavior of...

This is the first study to test for a winner's curse in a bubble market. Our hand-collected sample comprises the entire sequence of bids and the experience of the winning bidder at Irish residential real estate auctions, prior to the collapse of the bubble. Portfolios of practitioner-selected...

This is the first study to test for a winner's curse in a bubble market. Our hand-collected sample comprises the sequence of bids and the experience of the winning bidder at Irish residential real estate auctions, prior to the collapse of the bubble. Portfolios of practitioner- and hedonic...

This paper examines the effects of quantity restrictions on residential property prices in the presence of neighborhood externalities. A Brigham Young University policy limiting students' location choices provides a natural experiment for studying the externality and quantity restriction effects...

This paper explores the effects of home-sharing platforms in general and Airbnb in particular on long-term rents at a neighborhood level. Using consumer-facing Airbnb data from ten neighborhoods located within large metropolitan areas in the U.S. between 2013-2017, as well as rental data from...