Book ChapterDOI
A Competitive Theory of the Housing Market
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This article is published in The American Economic Review.The article was published on 2017-09-04. It has received 157 citations till now. The article focuses on the topics: Nonmarket forces & Factor market.read more
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Hedonic prices, price indices and housing markets
TL;DR: In this paper, the authors extended hedonic price analysis to the formation of housing price indices measuring variation within a metropolitan area, and formed these indices within a short-run equilibrium model.
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Recent Developments in Economic Models of Housing Markets
Journal ArticleDOI
An Estimate of a Structural Hedonic Price Model of the Housing Market: An Application of Rosen's Theory of Implicit Markets
TL;DR: In this paper, a simultaneous equations model of bid and offer functions for housing attributes (dwelling quality, dwelling size, and lot size) is estimated in order to account for the heterogeneity of the housing good.
Journal ArticleDOI
Hedonic modelling, housing submarkets and residential valuation
TL;DR: In this paper, the authors link research into housing market areas with the valuation process and propose a model based on price data from Belfast to identify submarkets over a wider spatial scale than previously considered.
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The Price-Adjustment Process for Rental Housing and the Natural Vacancy Rate
TL;DR: In this article, the authors present a discussion of the relationship between rent adjustment and the natural variability of the natural vacancy rate in the United States, using the Working Paper series.
References
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A Survey of the Theory of International Trade: Part 2, The Neo-Classical Theory
Journal ArticleDOI
The Price System and Resource Allocation
W. H. Baughn,Richard H. Leftwich +1 more
TL;DR: The price system and resource allocation as mentioned in this paper, the resource allocation, and the price system in the context of resource allocation in the Middle East, are discussed in Section 2.1.
Journal ArticleDOI
A New Approach to Estimating the Production Function for Housing
TL;DR: In this article, a new flexible approach for estimating the housing production function which treats housing quantities and prices as latent variables is proposed, based on a comprehensive database of recently built properties in Allegheny County, Pennsylvania.