Arbeitspapier
Matching models and housing markets: the role of the zero-profit condition
The recent and growing literature which has extended the use of search and matching models even to the housing market does not use the free entry or zero-profit assumption as a key condition for solving the equilibrium of the model. This is because a straightforward adaptation of the basic matching model to the housing market seems impossible. However, this paper shows that the zero-profit condition can be easily reformulated to take the distinctive features of the housing market into account. Indeed, it helps to provide a theoretical explanation for well-known empirical regularities in the housing markets.
- Sprache
-
Englisch
- Erschienen in
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Series: EERI Research Paper Series ; No. 22/2012
- Klassifikation
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Wirtschaft
- Ereignis
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Geistige Schöpfung
- (wer)
-
Lisi, Gaetano
- Ereignis
-
Veröffentlichung
- (wer)
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Economics and Econometrics Research Institute (EERI)
- (wo)
-
Brussels
- (wann)
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2012
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Lisi, Gaetano
- Economics and Econometrics Research Institute (EERI)
Entstanden
- 2012