We examine the evolution of spatial house price dispersion during Germany's recent housing boom. Using a dataset of sales listings, we find that house price dispersion has significantly increased, which is driven entirely by rising price variation across postal codes. We show that both price...

Motivated by the recent National Association of Realtors (NAR) settlement, this note examines the effects of reduced real estate agent commissions on home prices, housing turnover, and consumer welfare. Using a calibrated dynamic structural search model of the housing market, we explore how...

Begrüßung und Einführung -- Begrüßung und Einführung -- Interaktive Einleitung: Zur Psychologie des Findens und Verknüpfens -- Interaktive Einleitung: Zur Psychologie des Findens und Verknüpfens -- Wie Menschen Informationen finden -- Erkenntnisse aus dem Suchverhalten im Web „Muster...

We document a new set of facts regarding the impact of referrals on labor market outcomes. Our results highlight the importance of distinguishing between different types of referrals-those from family and friends and those from business contacts-and different occupations. Then we develop an...