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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. Lancaster, Tony, 1979. "Econometric Methods for the Duration of Unemployment," Econometrica, Econometric Society, vol. 47(4), pages 939-956, July.
    7. Heckman, James J. & Singer, Burton, 1984. "Econometric duration analysis," Journal of Econometrics, Elsevier, vol. 24(1-2), pages 63-132.
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