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In Part 1 ("Divergent Markets") of this three-part series, we document that the recent divergence in inventories of new and existing homes seems to reflect a scarcity of lower- and middle-tier homes. We now examine one potential factor contributing to this shortage: rental demand
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MSA-level estimates of a housing supply schedule must offer a solution to the twin problems of simultaneity and … residential construction permits since 1980. The results provide long run supply elasticity estimates for each market that are …
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The paper examines the impact of housing supply elasticity on urban development. Using data for a sample of around one … hundred Italian main cities observed over 40 years, we first estimate housing supply elasticities at the city level. Second …, we show that differences in the elasticity of housing supply may determine the extent to which a demand shock translates …
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Decentralized systems seeking to balance electricity supply and demand regionally are increasingly being discussed … investigate the 2030 demand, supply, and demand-side flexibility for the German NUTS-3 regions. We (1) model the hourly regional … electricity demand and supply, (2) cluster regions with regard to the regional demand and supply fit and (3) evaluate demand …
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prices are determined by shocks to the supply and demand for oil tankers, to the utilization of tankers, and to the cost of …. Tanker supply and tanker demand shocks have persistent effects on time charter rates, round-trip voyage rates, the volume of … alternative methods of estimating oil supply and oil demand elasticities and of incorporating this information into structural VAR …
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