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- W3008644648 abstract "Abstract By deriving a ‘housing market Hosios condition’, we show that the main conclusions of the seminal paper on housing search frictions by Wheaton (1990) were erroneously derived. We show that households may search too much, optimally, or too little, which is in contrast to the paper’s conclusion that they always search too little. Furthermore, we show that exogenous increases in housing vacancies always have a negative effect on house prices, given standard assumptions." @default.
- W3008644648 created "2020-03-06" @default.
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- W3008644648 date "2020-04-01" @default.
- W3008644648 modified "2023-09-26" @default.
- W3008644648 title "Housing search frictions and optimal search" @default.
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- W3008644648 doi "https://doi.org/10.1016/j.econlet.2020.108980" @default.
- W3008644648 hasPublicationYear "2020" @default.
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