Andersson, Roland; Wilhelmsson, Mats - In: Journal of Property Research 25 (2008) 3, pp. 179-202
In Sweden, quite large differences in the risk‐of‐foreclosure for single‐family housing exist between regions. The aim of this paper is to explain such differences, using data on foreclosures for all Swedish regions. In an option‐based model, the risk‐of‐foreclosure is a function of...