• norsk
    • English
  • norsk 
    • norsk
    • English
  • Logg inn
Vis innførsel 
  •   Hjem
  • Handelshøyskolen BI
  • Publikasjoner fra CRIStin - BI
  • Vis innførsel
  •   Hjem
  • Handelshøyskolen BI
  • Publikasjoner fra CRIStin - BI
  • Vis innførsel
JavaScript is disabled for your browser. Some features of this site may not work without it.

Buying First or Selling First in Housing Markets

Moen, Espen Rasmus; Nenov, Plamen; Sniekers, Florian
Journal article, Peer reviewed
Accepted version
Åpne
Available from 2021.12.03 (Låst)
Permanent lenke
https://hdl.handle.net/11250/2727780
Utgivelsesdato
2019
Metadata
Vis full innførsel
Samlinger
  • Publikasjoner fra CRIStin - BI [649]
Originalversjon
Journal of the European Economic Association. 2019   10.1093/jeea/jvz069
Sammendrag
Housing transactions by moving homeowners take two steps—buying a new house and selling the old one. This paper argues that the transaction sequence decisions of moving homeowners have important effects on the housing market. Moving homeowners prefer to buy first whenever there are more buyers than sellers in the market. However, this congests the buyer side of the market and increases the buyer–seller ratio, further strengthening the incentives of other moving owners to buy first. This endogenous strategic complementarity leads to multiple steady state equilibria and large fluctuations, which are broadly consistent with stylized facts about the housing cycle.
 
Buying First or Selling First in Housing Markets
 
Utgiver
Oxford Uni. Press
Tidsskrift
Journal of the European Economic Association
Opphavsrett
The authors retain rights to “upload their accepted manuscript PDF ("a post-print*") to institutional and/or centrally organized repositories, but must stipulate that public availability be delayed until 24 months after first online publication in the journal.”

Kontakt oss | Gi tilbakemelding

Personvernerklæring
DSpace software copyright © 2002-2019  DuraSpace

Levert av  Unit
 

 

Bla i

Hele arkivetDelarkiv og samlingerUtgivelsesdatoForfattereTitlerEmneordDokumenttyperTidsskrifterDenne samlingenUtgivelsesdatoForfattereTitlerEmneordDokumenttyperTidsskrifter

Min side

Logg inn

Statistikk

Besøksstatistikk

Kontakt oss | Gi tilbakemelding

Personvernerklæring
DSpace software copyright © 2002-2019  DuraSpace

Levert av  Unit