The objective of this paper is to address the questions what explains the cross-country variation in mobility (agents that change both jobs and residence), and is labor mobility related to tenure mode? The basic framework of the model is where the economy consists of two symmetric locations;...

The purpose of this paper is to analyze the entry effects on competitive conduct (markups) for German notary profession that only deals with real estate transactions. I address three issues. First, I show empirical evidence of positive relationship between legal fees (transaction costs) and...

ERES:conference

We consider the role uncertainty in incomplete markets environment that includes housing sector. Frictions such as poorly functioning rental and mortgage markets are likely important in accounting for cross-sectional issues such as life-cycle consumption and savings patterns. To incorporate some...