explicitly models the relationship between changes in house prices and various measures of housing supply. The results show that … months supply of new homes places greater downward pressure on house prices that the months supply of existing homes. We … in house prices and a glut of homes for sale on the market. While the idea that this overhang of dwellings for sale …

The long-term price elasticity of supply of housing is a key factor determining the growth rates of housing prices and … housing supply as the city grows. Therefore, the housing supply elasticity has considerable influence on the competitiveness … regional variation in the supply elasticity of housing within the U.S. The literature further shows that the supply elasticity …

subject is the basic toolbox of mainstream economics. The most important tools in this box are demand, supply and equilibrium … what economists tell us, demand, supply and equilibrium do not carry over to the actual world: they cannot be empirically …

We investigate the impact of exogenous local conditions which favour high market concentration on supply, price and … quality in local markets for care homes for older people in England. We extend the existing literature in: (i) considering … supply capacity as a market outcome alongside price and quality; (ii) taking account of the chain structure of care home …