Seasonal cycles in a model of the housing market
2014
Selcuk, Cemil
The US housing market exhibits seasonal boom and bust cycles where prices and the speed of trade (turnover rate) rise in summers and fall in winters. We present a search model that analytically generates the observed cycles. The proposed mechanism is based on swings in market thickness rather than market tightness, the leading explanation in the literature.
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书目信息
Economics letters
卷
123
期
2
页码
195
- 199
ISSN
0165-1765
出版者
Elsevier B.V.
其它主题
D39; D49; United states; D83; Thin and thick markets; Search and matching
语言
英语
类型
Journal Article; Text
2024-02-27
MODS