Blar i Arbeidsnotater / Working Papers på emneord "housing market"
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Mental Accounting in the Housing Market
(Working Papers;20/2010, Working paper, 2010)We report evidence that salience may have economically significant effects on homeowners' borrowing behavior, through a bias in favour of less salient but more costly loans. We outline a simple model in which some consumers ... -
Testing for Micro Efficiency in the Housing Market
(Working Papers;6/2016, Working paper, 2016)While aggregate house price indices display time persistence, less is known about micro persistence. This article proposes that absence of micro persistence implies that an excessively high or low sell price in one transaction ... -
The Hidden Costs of Hidden Debt
(Working Papers;22/2011, Working paper, 2011)We report evidence that salience may have economically significant effects on homeowners’ borrowing behavior, through a bias in favour of less salient but more costly loans. Survey evidence corroborates the existence of ...