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In many markets, sellers advertise their good with an asking price. This is a price at which the seller will take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the seller...
Persistent link: https://www.econbiz.de/10012986936
Increasing wage inequality between similar workers plays an important role for overall inequality trends in industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international trade with heterogeneous firms and homogeneous workers....
Persistent link: https://www.econbiz.de/10010877715
With the ageing of the European population, the housing choices of the elderly will have consequences on the whole … housing market. In this paper we use data from the first two waves of the Survey of Health, Ageing and Retirement in Europe …
Persistent link: https://www.econbiz.de/10008833901
Leaving the parental home is often a decision made together by two people. In this paper we present a theoretical model analyzing moving out as a joint decision and then test its implications using a new dataset of university graduates collected in the southern Spanish region of Murcia in...
Persistent link: https://www.econbiz.de/10013021412
With regard to the recent US house price cycle, we analyze how the interaction between housing supply restrictions … Statistical Areas, we estimate a simultaneous boom-bust system for house prices, housing supply and subprime lending. The model … contribute to dilute the positive relationship between the total quantity response and the supply elasticity during a housing …
Persistent link: https://www.econbiz.de/10011196566
effects of tenancy rent control on housing quality and maintenance. Since the discounted revenue received over a fixed …
Persistent link: https://www.econbiz.de/10010877779
The renewed momentum in the German housing market has led to concerns that Germany is vulnerable to asset price shocks …
Persistent link: https://www.econbiz.de/10010877826
This paper offers a new theoretical approach to urban squatting, reflecting the view that squatters and formal residents compete for land within a city. The key implication of this view is that squatters “squeeze” the formal market, raising the price paid by formal residents. The squatter...
Persistent link: https://www.econbiz.de/10005094364
homeownership rates. Among the explanatory variables, the analysis includes important regional housing market indicators as well as … price of owning versus renting, and the affordability of owner-occupied housing play a key role in explaining why …
Persistent link: https://www.econbiz.de/10008872209
in Berlin, Germany, to increase housing and living quality in the aftermath of the city’s division during the Cold War … at best, however, for positive housing externalities. More generally, our findings indicate that the efficiency of …
Persistent link: https://www.econbiz.de/10010721609