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...

This paper analyzes the role of uncertainty in a multi-sector housing model with financial frictions. We include time varying uncertainty (i.e. risk shocks) in the technology shocks that affect housing production. The analysis demonstrates that risk shocks to the housing production sector are a...

This paper analyzes the role of uncertainty in a multi-sector housing model with financial frictions. We include time varying uncertainty (i.e. risk shocks) in the technology shocks that affect housing production. The analysis demonstrates that risk shocks to the housing production sector are a...