| dc.contributor.author | Moen, Espen Rasmus | |
| dc.contributor.author | Nenov, Plamen | |
| dc.contributor.author | Sniekers, Florian | |
| dc.date.accessioned | 2021-02-12T12:52:58Z | |
| dc.date.available | 2021-02-12T12:52:58Z | |
| dc.date.created | 2019-12-11T15:28:46Z | |
| dc.date.issued | 2019 | |
| dc.identifier.citation | Journal of the European Economic Association. 2019 | en_US |
| dc.identifier.issn | 1542-4766 | |
| dc.identifier.uri | https://hdl.handle.net/11250/2727780 | |
| dc.description.abstract | 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. | en_US |
| dc.description.abstract | Buying First or Selling First in Housing Markets | en_US |
| dc.language.iso | eng | en_US |
| dc.publisher | Oxford Uni. Press | en_US |
| dc.title | Buying First or Selling First in Housing Markets | en_US |
| dc.type | Journal article | en_US |
| dc.type | Peer reviewed | en_US |
| dc.description.version | acceptedVersion | en_US |
| dc.rights.holder | 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.” | en_US |
| dc.source.journal | Journal of the European Economic Association | en_US |
| dc.identifier.doi | 10.1093/jeea/jvz069 | |
| dc.identifier.cristin | 1759420 | |
| dc.source.articlenumber | jvz059 | en_US |
| cristin.unitcode | 158,3,0,0 | |
| cristin.unitname | Institutt for samfunnsøkonomi | |
| cristin.ispublished | true | |
| cristin.fulltext | postprint | |
| cristin.qualitycode | 2 | |
