This paper presents a simple disequilibrium model in the primary housing market, calibrated to the Warsaw market. Our … aim is to point out that the primary housing market, due to the long construction process is always in disequilibrium …, which has important policy implications. We discuss the last housing cycle and show how a combination of slight demand …

We apply a disequilibrium model of credit demand and supply to test the credit crunch hy- pothesis. We suppose that … bank limit for the firm. We adopted the disequilibrium model which consists of credit supply and credit demand equations …

growth; Arrow—Debreu class of models; disequilibrium theory; other branches of general equilibrium theory. Bibliometric …

disequilibrium is introduced by allowing for a sluggish adjustment of wages and prices. The model of the firm is complemented by …

capital, where the latter depends on the project’s disequilibrium systematic risk. It is shown that the disequilibrium net …

This paper presents a simple disequilibrium model in the primary housing market, calibrated to the Warsaw market. Our … aim is to point out that the primary housing market, due to the long construction process is always in disequilibrium …, which has important policy implications. We discuss the last housing cycle and show how a combination of slight demand …

change, irreversible change, unpredictability, qualitativechange and disequilibrium, are examined. It is argued that there … environmental processes, and design of environmental policy.<P>This discussion paper has resulted in a publication in <A href …

This article explains why the housing and commercial real estate market are in a permanent disequilibrium. The real …