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Testing a Hazard Model for the Housing Market in New Orleans

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  • Amaresh Das

Abstract

. The article presents a search‐theoretic approach to investigate the relationship between probability of a sale and market duration in the housing market. Using a hazard model to study duration dependence, the article, on the basis of data from New Orleans, provides empirical evidence that houses do exhibit duration dependence.

Suggested Citation

  • Amaresh Das, 2007. "Testing a Hazard Model for the Housing Market in New Orleans," American Journal of Economics and Sociology, Wiley Blackwell, vol. 66(2), pages 443-455, April.
    • Handle: RePEc:bla:ajecsc:v:66:y:2007:i:2:p:443-455
    DOI: 10.1111/j.1536-7150.2007.00519.x
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    References listed on IDEAS

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    1. Kaserman, David L. & Trimble, John L. & Johnson, Ruth C., 1989. "Equilibration in a negotiated market: Evidence from housing," Journal of Urban Economics, Elsevier, vol. 26(1), pages 30-42, July.
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    6. Lippman, Steven A & McCall, John J, 1976. "The Economics of Job Search: A Survey," Economic Inquiry, Western Economic Association International, vol. 14(3), pages 347-368, September.
    7. William H. Greene, 1997. "FIML Estimation of Sample Selection Models for Count Data," Working Papers 97-02, New York University, Leonard N. Stern School of Business, Department of Economics.
    8. Anas, Alex & Eum, Sung Jick, 1984. "Hedonic analysis of a housing market in disequilibrium," Journal of Urban Economics, Elsevier, vol. 15(1), pages 87-106, January.
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    12. Zuehlke, Thomas W, 1987. "Duration Dependence in the Housing Market," The Review of Economics and Statistics, MIT Press, vol. 69(4), pages 701-704, November.
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