An empirical model of the market for resale homes |
| |
Authors: | Peter T. Chinloy |
| |
Affiliation: | Department of Economics, University of British Columbia, Vancouver, British Columbia V6T 1W5, Canada |
| |
Abstract: | A model of the search process for a house is formulated, where both buyers and sellers are permitted adaptively to alter reservation prices. Houses on the market in a given period are sold or withdrawn or search for a buyer is continued. The empirical predictions are examined for single-family residential homes. |
| |
Keywords: | |
本文献已被 ScienceDirect 等数据库收录! |
|