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.
- Language
-
Englisch
- Bibliographic citation
-
Series: EERI Research Paper Series ; No. 22/2012
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
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Lisi, Gaetano
- Event
-
Veröffentlichung
- (who)
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Economics and Econometrics Research Institute (EERI)
- (where)
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Brussels
- (when)
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2012
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Lisi, Gaetano
- Economics and Econometrics Research Institute (EERI)
Time of origin
- 2012
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