Housing Market Equilibrium (almost) without Vacancies
Author
Abstract
Suggested Citation
DOI: 10.1177/0042098011417902
Download full text from publisher
References listed on IDEAS
- Patric H. Hendershott & Bryan D. MacGregor & Raymond Y.C. Tse, 2002.
"Estimation of the Rental Adjustment Process,"
Real Estate Economics, American Real Estate and Urban Economics Association, vol. 30(2), pages 165-183.
- Patric H. Hendershott & Bryan D. Macgregor & Raymond Y.C. Tse, 2001. "Estimation of the Rental Adjustment Process," ERES eres2001_178, European Real Estate Society (ERES).
- Christian ZIMMERMANN, 1990. "Historique des politiques du logement et de leurs effets en Suisse," Cahiers de Recherches Economiques du Département d'économie 9011, Université de Lausanne, Faculté des HEC, Département d’économie.
- Olivier Blanchard & Lawrence F. Katz, 1997.
"What We Know and Do Not Know about the Natural Rate of Unemployment,"
Journal of Economic Perspectives, American Economic Association, vol. 11(1), pages 51-72, Winter.
- Blanchard, O & Katz, L, 1996. "What We Know and Do Not Know about the Natural Rate of Unemployment," Working papers 96-29, Massachusetts Institute of Technology (MIT), Department of Economics.
- Olivier Blanchard & Lawrence F. Katz, 1996. "What We Know and Do Not Know About the Natural Rate of Unemployment," NBER Working Papers 5822, National Bureau of Economic Research, Inc.
- G. Donald Jud & James Frew, 1990. "Atypicality and the Natural Vacancy Rate Hypothesis," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 18(3), pages 294-301, September.
- Smith, Lawrence B, 1974. "A Note on the Price Adjustment Mechanism for Rental Housing," American Economic Review, American Economic Association, vol. 64(3), pages 478-481, June.
- Stuart A. Gabriel & Frank E. Nothaft, 1988.
"Rental Housing Markets and the Natural Vacancy Rate,"
Real Estate Economics, American Real Estate and Urban Economics Association, vol. 16(4), pages 419-429, December.
- Stuart A. Gabriel & Frank E. Nothaft, 1987. "Rental housing markets and the natural vacancy rate," Working Paper Series / Economic Activity Section 74, Board of Governors of the Federal Reserve System (U.S.).
- Rena Mourouzi‐Sivitanidou, 2002. "Office Rent Processes: The Case of U.S. Metropolitan Markets," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 30(2), pages 317-344.
- Philippe Thalmann, 1999. "Identifying Households which Need Housing Assistance," Urban Studies, Urban Studies Journal Limited, vol. 36(11), pages 1933-1947, October.
- Mizon, Grayham E., 1995. "A simple message for autocorrelation correctors: Don't," Journal of Econometrics, Elsevier, vol. 69(1), pages 267-288, September.
- repec:bla:econom:v:39:y:1972:i:155:p:250-63 is not listed on IDEAS
- Gabriel, Stuart A. & Nothaft, Frank E., 2001.
"Rental Housing Markets, the Incidence and Duration of Vacancy, and the Natural Vacancy Rate,"
Journal of Urban Economics, Elsevier, vol. 49(1), pages 121-149, January.
- Stuart A. Gabriel & Frank E. Nothaft, 1999. "Rental Housing Markets, the Incidence and Duration of Vacancy, and the Natural Vacancy Rate," Working Paper 8668, USC Lusk Center for Real Estate.
- Rosen, Kenneth T & Smith, Lawrence B, 1983. "The Price-Adjustment Process for Rental Housing and the Natural Vacancy Rate," American Economic Review, American Economic Association, vol. 73(4), pages 779-786, September.
- B. F. Reece, 1988. "The Price‐Adjustment Process for Rental Housing: Some Further Evidence," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 16(4), pages 411-418, December.
- Khor Amy & Yu Shi Ming & Lim Lan Yuan, 2000. "The natural vacancy rate of the Singapore office market," Journal of Property Research, Taylor & Francis Journals, vol. 17(4), pages 329-338.
- William C. Wheaton & Raymond G. Torto, 1988. "Vacancy Rates and the Future of Office Rents," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 16(4), pages 430-436, December.
- David M. Blank & Louis Winnick, 1953. "The Structure of the Housing Market," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 67(2), pages 181-208.
- Patric H. Hendershott & Donald R. Haurin, 1988. "Adjustments in the Real Estate Market," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 16(4), pages 343-353, December.
- Black, Stanley W & Kelejian, H H, 1970. "A Macro Model of the U. S. Labor Market," Econometrica, Econometric Society, vol. 38(5), pages 712-741, September.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Ha Thi Khanh Van & Tran Vinh Ha & Takumi Asada & Mikiharu Arimura, 2022. "Vacancy Dwellings Spatial Distribution—The Determinants and Policy Implications in the City of Sapporo, Japan," Sustainability, MDPI, vol. 14(19), pages 1-26, September.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Joseph Gyourko & Richard Voith, 1993.
"Leasing as a Lottery: Implications for Rational Building Surges and Increasing Vacancies,"
Real Estate Economics, American Real Estate and Urban Economics Association, vol. 21(1), pages 83-106, March.
- Joseph Gyourko & Richard Voith, 1992. "Leasing as a lottery: implications for rational building surges and increasing vacancies," Working Papers 92-10, Federal Reserve Bank of Philadelphia.
- Gabriel, Stuart A. & Nothaft, Frank E., 2001.
"Rental Housing Markets, the Incidence and Duration of Vacancy, and the Natural Vacancy Rate,"
Journal of Urban Economics, Elsevier, vol. 49(1), pages 121-149, January.
- Stuart A. Gabriel & Frank E. Nothaft, 1999. "Rental Housing Markets, the Incidence and Duration of Vacancy, and the Natural Vacancy Rate," Working Paper 8668, USC Lusk Center for Real Estate.
- Chang-I Hua, 2017. "A Structural Model of a Housing Market with Friction," International Real Estate Review, Global Social Science Institute, vol. 20(4), pages 397-416.
- Patric H. Hendershott & Bryan D. MacGregor & Raymond Y.C. Tse, 2002.
"Estimation of the Rental Adjustment Process,"
Real Estate Economics, American Real Estate and Urban Economics Association, vol. 30(2), pages 165-183.
- Patric H. Hendershott & Bryan D. Macgregor & Raymond Y.C. Tse, 2001. "Estimation of the Rental Adjustment Process," ERES eres2001_178, European Real Estate Society (ERES).
- John L. Glascock & Minbo Kim & C.F. Sirmans, 1993. "An Analysis of Office Market Rents: Parameter Constancy and Unobservable Variables," Journal of Real Estate Research, American Real Estate Society, vol. 8(4), pages 625-638.
- G. Donald Jud & John D. Benjamin & G. Stacy Sirmans, 1996. "What Do We Know about Apartments and Their Markets?," Journal of Real Estate Research, American Real Estate Society, vol. 11(3), pages 243-258.
- Vanessa Nadalin & Danilo Igliori, 2017. "Empty spaces in the crowd. Residential vacancy in São Paulo’s city centre," Urban Studies, Urban Studies Journal Limited, vol. 54(13), pages 3085-3100, October.
- Vanessa Gapriotti Nadalin, 2014.
"Residential Vacancy in City Center: The Case of São Paulo,"
Discussion Papers
1987a, Instituto de Pesquisa Econômica Aplicada - IPEA.
- Vanessa Gapriotti Nadalin, 2015. "Residential Vacancy In City Center: The Case Of São Paulo," Discussion Papers 0201, Instituto de Pesquisa Econômica Aplicada - IPEA.
- Patric H. Hendershott & Bryan D. MacGregor & Raymond Y.C. Tse, 2000. "Estimating the Rental Adjustment Process," NBER Working Papers 7912, National Bureau of Economic Research, Inc.
- Capone, Charles Jr. & Goldberg, Lawrence, 2001. "Renter Mobility and Multifamily Mortgage Default Risk," Journal of Housing Economics, Elsevier, vol. 10(1), pages 21-40, March.
- Zeno Adams & Roland Füss, 2012. "Disentangling the Short and Long-Run Effects of Occupied Stock in the Rental Adjustment Process," The Journal of Real Estate Finance and Economics, Springer, vol. 44(4), pages 570-590, May.
- Gandhi, Sahil & Green, Richard K. & Patranabis, Shaonlee, 2022.
"Insecure property rights and the housing market: Explaining India’s housing vacancy paradox,"
Journal of Urban Economics, Elsevier, vol. 131(C).
- Gandhi, Sahil & Green, Richard K. & Patranabis, Shaonlee, 2022. "Insecure property rights and the housing market: explaining India's housing vacancy paradox," LSE Research Online Documents on Economics 116600, London School of Economics and Political Science, LSE Library.
- Honglin Wang & Chu Zhang & Weihang Dai, 2013. "Rental Adjustment and Housing Prices: Evidence from Hong Kong's Residential Property Market," Working Papers 012013, Hong Kong Institute for Monetary Research.
- Konstantin A Kholodilin & Andreas Mense & Claus Michelsen, 2017.
"The market value of energy efficiency in buildings and the mode of tenure,"
Urban Studies, Urban Studies Journal Limited, vol. 54(14), pages 3218-3238, November.
- Kholodilin, Konstantin A & Mense, Andreas & Michelsen, Claus, 2017. "The market value of energy efficiency in buildings and the mode of tenure," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 54(14), pages 3218-3238.
- Konstantin A. Kholodilin & Claus Michelsen, 2014. "The Market Value of Energy Efficiency in Buildings and the Mode of Tenure," Discussion Papers of DIW Berlin 1398, DIW Berlin, German Institute for Economic Research.
- Claus Michelsen & Konstantin Kholodilin & Andreas Mense, 2016. "The market value of energy efficiency in buildings and the mode of tenure," ERES eres2016_177, European Real Estate Society (ERES).
- Michelsen, Claus & Kholodilin, Konstantin, 2015. "The Market Value of Energy Efficiency in Buildings and the Mode of Tenure," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112881, Verein für Socialpolitik / German Economic Association.
- Francois Des Rosiers & Marius Theriault, 1996. "Rental Amenities and the Stability of Hedonic Prices: A Comparative Analysis of Five Market Segments," Journal of Real Estate Research, American Real Estate Society, vol. 12(1), pages 17-36.
- Cheshire, Paul & Hilber, Christian A.L. & Koster, Hans R.A., 2018.
"Empty homes, longer commutes: The unintended consequences of more restrictive local planning,"
Journal of Public Economics, Elsevier, vol. 158(C), pages 126-151.
- Cheshire, Paul & Hilber, Christian A. L. & Koster, Hans R.A., 2018. "Empty homes, longer commutes: the unintended consequences of more restrictive local planning," LSE Research Online Documents on Economics 86441, London School of Economics and Political Science, LSE Library.
- Charles Ka Yui Leung & Patrick Wai Yin Cheung & Erica Jiajia Ding, 2008. "Intra-metropolitan Office Price and Trading Volume Dynamics: Evidence from Hong Kong," International Real Estate Review, Global Social Science Institute, vol. 11(2), pages 47-74.
- Mark Merante & Keren Mertens Horn, 2016. "Is Home Sharing Driving up Rents? Evidence from Airbnb in Boston," Working Papers 2016_03, University of Massachusetts Boston, Economics Department.
- Dirk Brounen & Maarten Jennen, 2009. "Local Office Rent Dynamics," The Journal of Real Estate Finance and Economics, Springer, vol. 39(4), pages 385-402, November.
- Deng, Yongheng & Gabriel, Stuart A & Nothaft, Frank E, 2003.
"Duration of Residence in the Rental Housing Market,"
The Journal of Real Estate Finance and Economics, Springer, vol. 26(2-3), pages 267-285, March-May.
- Yongheng Deng & Stuart A. Gabriel & Frank E. Nothaft., 2002. "Duration of Residence in the Rental Housing Market," Working Paper 8625, USC Lusk Center for Real Estate.
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:sae:urbstu:v:49:y:2012:i:8:p:1643-1658. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: SAGE Publications (email available below). General contact details of provider: http://www.gla.ac.uk/departments/urbanstudiesjournal .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.