IDEAS home Printed from https://ideas.repec.org/a/kap/jrefec/v4y1991i3p315-25.html
   My bibliography  Save this article

Buyers' and Sellers' Markets: A Simple Rational Expectations Search Model of the Housing Market

Author

Listed:
  • Zorn, Thomas S
  • Sackley, William H

Abstract

The terms buyers' market and sellers' market are commonly used in contexts that most economists would characterize as excess supply and excess demand. It is puzzling, however, that in many instances the press and general public are all aware that it is buyers' or sellers' market. Are these markets really that inefficient? We offer definitions of buyers' and sellers' markets that are consistent with a full rational expectations equilibrium in a simple general equilibrium search model of a heterogeneous durable goods market. Copyright 1991 by Kluwer Academic Publishers

Suggested Citation

  • Zorn, Thomas S & Sackley, William H, 1991. "Buyers' and Sellers' Markets: A Simple Rational Expectations Search Model of the Housing Market," The Journal of Real Estate Finance and Economics, Springer, vol. 4(3), pages 315-325, September.
    • Handle: RePEc:kap:jrefec:v:4:y:1991:i:3:p:315-25
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hans R.A. Koster & Jan Rouwendal, 2024. "Housing Market Discount Rates: Evidence From Bargaining And Bidding Wars," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(2), pages 955-1002, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jrefec:v:4:y:1991:i:3:p:315-25. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.