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AN EMPIRICAL NOTE ON THE ELASTICITY OF SUBSTITUTION BETWEEN LAND AND CAPITAL IN A MONOCENTRIC HOUSING MARKET
constant elasticity substitution production function marginal cost
2011/9/17
Examines the model for the estimation of elasticity of substitution based on the constant elasticity of substitution production function. Change in the intensity of land use; Determination of the marg...
UPDATE: THE STATE OF PUBLIC HOUSING FINANCING
capital markets public housing capital innovations
2011/9/17
Reports that the public housing authorities have turned to capital markets to finance public housing improvements. Appropriation for public housing capital; Expansion of the capital fund effort; Innov...
Ministry of Construction Notice on Further Strengthening Management over Real Estate Surveying and the Calculation and Planning of Housing Space
China Ministry of Construction strengthening management real estate calculation of housing space
2011/9/14
The article offers information on the notice issued by the China Ministry of Construction on strengthening management on real estate surveying and planning and calculation of housing space in China. I...
Impact of Cliff and Ord on the Housing and Real Estate Literature
spatial dependence spatial models implications modeling techniques
2011/9/11
The works of Cliff and Ord have had a major impact on empirical practices in real estate. Cliff and Ord proposed both techniques for detecting as well as modeling spatial dependence. Because the exist...
Do Firms Incur Costs to Avoid Reducing Pre-Tax Earnings? Evidence from the Accounting for Low-Income Housing Tax Credits
earnings management expense classification pre-tax earnings tax credit
2011/9/2
Examining corporate investment in low-income housing tax credits reveals that firms are willing to incur costs in order to manage the income statement classification of an expense. Accounting rules al...
Financing Growth without Banks: Korean Housing Repo Contract
Financing Growth Banks Korean Housing Repo Contract
2014/3/18
Imperfect financial intermediation is a key bottleneck in economic development. Korea’s unique Jeonse or housing repo contract channels funds directly from tenant/lenders to landlord/entrepreneu...
The nascent literature on wealth and health has not yet produced a complete or coherent picture of causal dynamics. We exploit geographic and time variation in housing market conditions to shed light ...
Financing Growth without Banks: Korean Housing Repo Contract
Korean Housing Repo Contract Banks
2014/3/18
Imperfect financial intermediation is a key bottleneck in economic
development. Korea’s unique Jeonse or housing repo contract channels funds directly from tenant/lenders to landlord/entreprene...
Housing risk and return: Evidence from a housing asset-pricing model
asset pricing house price returns risk factors
2011/3/31
This paper investigates the risk-return relationship in determination of housing asset pricing. In so doing, the paper evaluates behavioral hypotheses advanced by Case and Shiller (1988, 2002, 2009) i...
In this article, we develop a model for the evolution of real estate prices. A wide range of inputs, including stochastic interest rates and changing demands for the asset,are considered. Maximizing t...
“中国经济研讨会”第十七讲
题目:Housing in a Neoclassical Growth Model
时间:5月16日(周三)上午9:30—11:30
地点:经济中心小教室
主讲人:李宾 05级博士研究生
“中国经济研讨会”简介:
“中国经济研讨会”是中国经济研究中心从2006年10月开始举办的一项常规性学术活动,旨在为校内外从事中国经济及其相关领域研究的青年教师、博硕士...
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COLLECTIVE PRIVATE OWNERSHIP OF AMERICAN HOUSING: A SOCIAL REVOLUTION IN LOCAL GOVERNANCE
Housing Local Governance Collective Action Community Associations Privatization
2014/6/27
In 1970 only one percent of American housing units were located in a homeowner association, condominium or cooperative – the three main instruments of collective private ownership of housing. By 1998,...
This paper presents and ‘estimates a model of the resale housing market. The data are a cross-section of monthly time series obtained from the multiple-listing service for a ...