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Essays on Housing Market Search and Dynamics.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Essays on Housing Market Search and Dynamics./
Author:	Anenberg, Elliot.
Description:	1 online resource (118 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 73-01, Section: A.
Contained By:	Dissertations Abstracts International73-01A.
Subject:	Studies. -
Online resource:	click for full text (PQDT)
ISBN:	9781124607429

Essays on Housing Market Search and Dynamics.
Anenberg, Elliot.

Essays on Housing Market Search and Dynamics. - 1 online resource (118 pages)

Source: Dissertations Abstracts International, Volume: 73-01, Section: A.

Thesis (Ph.D.)--Duke University, 2011.

Includes bibliographical references

This dissertation comprises two papers on search in the housing market. The first paper looks at the effects of equity constraints and loss aversion on the home selling problem. The empirical findings are consistent with a search model where sellers with low equity in their homes and sellers subject to nominal losses have higher reservation prices because of downpayment constraints and loss aversion, and thus hold out for higher prices. The second paper formalizes the home selling problem with a theoretical model. In the model, sellers are uncertain about the distribution of buyer valuations for their particular house, and they learn endogenously about the parameters of this distribution in a Bayesian fashion. I use dynamic programming techniques, simulated method of moments, and a rich dataset on home listings and home transactions of single-family homes in Los Angeles to estimate the parameters of the model. Simulations of the model are informative about the value of information and housing price dynamics.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9781124607429Subjects--Topical Terms:

1437762
Studies.
Subjects--Index Terms:

Equity constraintsIndex Terms--Genre/Form:

554714
Electronic books.

Essays on Housing Market Search and Dynamics.
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245 1 0 $a Essays on Housing Market Search and Dynamics.
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300 $a 1 online resource (118 pages)
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500 $a Source: Dissertations Abstracts International, Volume: 73-01, Section: A.
500 $a Publisher info.: Dissertation/Thesis.
500 $a Advisor: Bayer, Patrick.
502 $a Thesis (Ph.D.)--Duke University, 2011.
504 $a Includes bibliographical references
520 $a This dissertation comprises two papers on search in the housing market. The first paper looks at the effects of equity constraints and loss aversion on the home selling problem. The empirical findings are consistent with a search model where sellers with low equity in their homes and sellers subject to nominal losses have higher reservation prices because of downpayment constraints and loss aversion, and thus hold out for higher prices. The second paper formalizes the home selling problem with a theoretical model. In the model, sellers are uncertain about the distribution of buyer valuations for their particular house, and they learn endogenously about the parameters of this distribution in a Bayesian fashion. I use dynamic programming techniques, simulated method of moments, and a rich dataset on home listings and home transactions of single-family homes in Los Angeles to estimate the parameters of the model. Simulations of the model are informative about the value of information and housing price dynamics.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2024
538 $a Mode of access: World Wide Web
650 4 $a Studies. $3 1437762
650 4 $a Housing. $3 682509
650 4 $a Monte Carlo simulation. $3 1468022
650 4 $a Datasets. $3 1372549
650 4 $a Houses. $3 1475901
650 4 $a Estimates. $3 1372494
650 4 $a Down payments. $3 1477793
650 4 $a Bias. $2 gtt $3 810927
650 4 $a Homeowners. $3 1477794
650 4 $a Purchasing. $3 572672
653 $a Equity constraints
653 $a Home selling
653 $a Housing market
653 $a Loss aversion
655 7 $a Electronic books. $2 local $3 554714
690 $a 0501
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a Duke University. $b Economics. $3 1184912
773 0 $t Dissertations Abstracts International $g 73-01A.
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