Matches in SemOpenAlex for { <https://semopenalex.org/work/W1583640411> ?p ?o ?g. }
Showing items 1 to 75 of
75
with 100 items per page.
- W1583640411 abstract "Standard risk-return tradeoff theory cannot explain why housing return varies with risk positively in some markets but negatively in some other markets. This paper addresses this issue by incorporating two unique features of housing into a standard consumption-based asset pricing model: (1) intertemporal hedging incentives and (2) a kinked housing supply function. The model nests two competing effects of price risk on housing return: a financial risk effect associated with owning risky housing asset, and a consumption insurance effect associated with using the current house to hedge against future housing cost risk. The empirical findings confirm several equilibrium predictions implied by the model. In particular, the variation in housing risk-return relationship across markets is driven by both local households' hedging incentives and housing supply constraints." @default.
- W1583640411 created "2016-06-24" @default.
- W1583640411 creator A5066113991 @default.
- W1583640411 date "2008-12-18" @default.
- W1583640411 modified "2023-09-28" @default.
- W1583640411 title "The Risk-Return Relationship in Housing Markets: Financial Risk Versus Consumption Insurance" @default.
- W1583640411 hasPublicationYear "2008" @default.
- W1583640411 type Work @default.
- W1583640411 sameAs 1583640411 @default.
- W1583640411 citedByCount "0" @default.
- W1583640411 crossrefType "posted-content" @default.
- W1583640411 hasAuthorship W1583640411A5066113991 @default.
- W1583640411 hasConcept C10138342 @default.
- W1583640411 hasConcept C106159729 @default.
- W1583640411 hasConcept C144024400 @default.
- W1583640411 hasConcept C162324750 @default.
- W1583640411 hasConcept C175444787 @default.
- W1583640411 hasConcept C181236170 @default.
- W1583640411 hasConcept C18903297 @default.
- W1583640411 hasConcept C2778705799 @default.
- W1583640411 hasConcept C2780821815 @default.
- W1583640411 hasConcept C29122968 @default.
- W1583640411 hasConcept C30755413 @default.
- W1583640411 hasConcept C30772137 @default.
- W1583640411 hasConcept C36289849 @default.
- W1583640411 hasConcept C38652104 @default.
- W1583640411 hasConcept C41008148 @default.
- W1583640411 hasConcept C70771513 @default.
- W1583640411 hasConcept C76178495 @default.
- W1583640411 hasConcept C86803240 @default.
- W1583640411 hasConceptScore W1583640411C10138342 @default.
- W1583640411 hasConceptScore W1583640411C106159729 @default.
- W1583640411 hasConceptScore W1583640411C144024400 @default.
- W1583640411 hasConceptScore W1583640411C162324750 @default.
- W1583640411 hasConceptScore W1583640411C175444787 @default.
- W1583640411 hasConceptScore W1583640411C181236170 @default.
- W1583640411 hasConceptScore W1583640411C18903297 @default.
- W1583640411 hasConceptScore W1583640411C2778705799 @default.
- W1583640411 hasConceptScore W1583640411C2780821815 @default.
- W1583640411 hasConceptScore W1583640411C29122968 @default.
- W1583640411 hasConceptScore W1583640411C30755413 @default.
- W1583640411 hasConceptScore W1583640411C30772137 @default.
- W1583640411 hasConceptScore W1583640411C36289849 @default.
- W1583640411 hasConceptScore W1583640411C38652104 @default.
- W1583640411 hasConceptScore W1583640411C41008148 @default.
- W1583640411 hasConceptScore W1583640411C70771513 @default.
- W1583640411 hasConceptScore W1583640411C76178495 @default.
- W1583640411 hasConceptScore W1583640411C86803240 @default.
- W1583640411 hasLocation W15836404111 @default.
- W1583640411 hasOpenAccess W1583640411 @default.
- W1583640411 hasPrimaryLocation W15836404111 @default.
- W1583640411 hasRelatedWork W2000775944 @default.
- W1583640411 hasRelatedWork W2019953601 @default.
- W1583640411 hasRelatedWork W2051715731 @default.
- W1583640411 hasRelatedWork W2077145832 @default.
- W1583640411 hasRelatedWork W2126139272 @default.
- W1583640411 hasRelatedWork W2129003943 @default.
- W1583640411 hasRelatedWork W2155834692 @default.
- W1583640411 hasRelatedWork W2158350033 @default.
- W1583640411 hasRelatedWork W2498522505 @default.
- W1583640411 hasRelatedWork W2588602447 @default.
- W1583640411 hasRelatedWork W2595011269 @default.
- W1583640411 hasRelatedWork W2778450303 @default.
- W1583640411 hasRelatedWork W2808172463 @default.
- W1583640411 hasRelatedWork W3121243427 @default.
- W1583640411 hasRelatedWork W3121378516 @default.
- W1583640411 hasRelatedWork W3123170426 @default.
- W1583640411 hasRelatedWork W3125111484 @default.
- W1583640411 hasRelatedWork W3125217011 @default.
- W1583640411 hasRelatedWork W3125765814 @default.
- W1583640411 hasRelatedWork W2188057361 @default.
- W1583640411 isParatext "false" @default.
- W1583640411 isRetracted "false" @default.
- W1583640411 magId "1583640411" @default.
- W1583640411 workType "article" @default.