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Sven Rady

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Sven Rady & François Ortalo-Magné, 2001. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints," CESifo Working Paper Series 470, CESifo.

    Mentioned in:

    1. Help-to-Buy ISAs will end up feathering nests of the wealthy – here's how
      by Christian Hilber, Associate Professor of Economic Geography (Reader), Director of MSc in Real Estate Economics and Finance at London School of Economics and Political Science in The Conversation on 2015-03-19 19:23:26

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. François Ortalo-Magné & Sven Rady, 2006. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints ," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 73(2), pages 459-485.

    Mentioned in:

    1. Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints (REStud 2006) in ReplicationWiki ()

Working papers

  1. Johannes Horner & Nicolas Klein & Sven Rady, 2019. "Overcoming Free-Riding in Bandit Games," Papers 1910.08953, arXiv.org, revised Dec 2021.

    Cited by:

    1. Hwang, Ilwoo, 2023. "Policy experimentation with repeated elections," Games and Economic Behavior, Elsevier, vol. 142(C), pages 623-644.
    2. Doruk Cetemen & Can Urgun & Leeat Yariv, 2023. "Collective Progress: Dynamics of Exit Waves," Journal of Political Economy, University of Chicago Press, vol. 131(9), pages 2402-2450.

  2. Rady, Sven & Heidhues, Paul & Strack, Philipp, 2015. "Strategic Experimentation with Private Payoffs," CEPR Discussion Papers 10634, C.E.P.R. Discussion Papers.

    Cited by:

    1. Svetlana Boyarchenko, 2020. "Super- and submodularity of stopping games with random observations," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(4), pages 983-1022, November.
    2. Kaustav Das & Nicolas Klein & Katharina Schmid, 2020. "Strategic experimentation with asymmetric players," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(4), pages 1147-1175, June.
    3. Sven Rady & Nicolas Klein & Johannes Horner, 2013. "Strongly Symmetric Equilibria in Bandit Games," 2013 Meeting Papers 1107, Society for Economic Dynamics.
    4. Bernhard Ganglmair & Timothy Simcoe & Emanuele Tarantino, 2018. "Learning When to Quit: An Empirical Model of Experimentation," NBER Working Papers 24358, National Bureau of Economic Research, Inc.
    5. Mohamed Belhaj & Frédéric Deroïan & Mathieu Faure, 2022. "Do people share opportunities?," Working Papers hal-03921232, HAL.
    6. Johannes Hörner & Nicolas Klein & Sven Rady, 2022. "Overcoming Free-Riding in Bandit Games," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 89(4), pages 1948-1992.
    7. Anastasios Dosis & Abhinay Muthoo, 2019. "Experimentation in Dynamic R&D Competition," Working Papers hal-02102518, HAL.
    8. Song, Yangbo & Zhao, Mofei, 2021. "Dynamic R&D competition under uncertainty and strategic disclosure," Journal of Economic Behavior & Organization, Elsevier, vol. 181(C), pages 169-210.
    9. Vladimir Novak & Tim Willems, 2018. "A Note on Optimal Experimentation under Risk Aversion," CERGE-EI Working Papers wp618, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    10. Caroline D. Thomas, 2021. "Strategic Experimentation with Congestion," American Economic Journal: Microeconomics, American Economic Association, vol. 13(1), pages 1-82, February.
    11. Marlats, Chantal & Ménager, Lucie, 2021. "Strategic observation with exponential bandits," Journal of Economic Theory, Elsevier, vol. 193(C).
    12. Georgiadis, George, 2017. "Deadlines and infrequent monitoring in the dynamic provision of public goods," Journal of Public Economics, Elsevier, vol. 152(C), pages 1-12.
    13. Farzad Pourbabaee, 2022. "Robust experimentation in the continuous time bandit problem," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 73(1), pages 151-181, February.
    14. Simina Br^anzei & Yuval Peres, 2019. "Multiplayer Bandit Learning, from Competition to Cooperation," Papers 1908.01135, arXiv.org, revised Jan 2024.
    15. Kaustav Das, 2014. "Strategic Experimentation with Competition and Private Arrival of Information," Discussion Papers 1404, University of Exeter, Department of Economics.
    16. Aleksei Smirnov & Egor Starkov, 2024. "Designing Social Learning," Papers 2405.05744, arXiv.org, revised May 2024.
    17. Wanying Huang & Philipp Strack & Omer Tamuz, 2024. "Learning in Repeated Interactions on Networks," Econometrica, Econometric Society, vol. 92(1), pages 1-27, January.
    18. Wuggenig, Mirjam, 2015. "Learning faster or more precisely? Strategic experimentation in networks," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113196, Verein für Socialpolitik / German Economic Association.
    19. Aroon Narayanan, 2022. "Social learning via actions in bandit environments," Papers 2205.06107, arXiv.org.
    20. Keller, Godfrey & Rady, Sven, 2015. "Breakdowns," Theoretical Economics, Econometric Society, vol. 10(1), January.
    21. Boyarchenko, Svetlana, 2021. "Inefficiency of sponsored research," Journal of Mathematical Economics, Elsevier, vol. 95(C).
    22. Rodivilov, Alexander, 2022. "Monitoring innovation," Games and Economic Behavior, Elsevier, vol. 135(C), pages 297-326.
    23. Nicolas KLEIN & Peter WAGNER, 2018. "Strategic Investment and Learning with Private Information," Cahiers de recherche 13-2018, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    24. Gomes, Renato & Gottlieb, Daniel & Maestri, Lucas, 2016. "Experimentation and project selection: Screening and learning," Games and Economic Behavior, Elsevier, vol. 96(C), pages 145-169.
    25. Gustavo Manso & Farzad Pourbabaee, 2022. "The Impact of Connectivity on the Production and Diffusion of Knowledge," Papers 2202.00729, arXiv.org.
    26. Drew Fudenberg & Kevin He, 2017. "Player-Compatible Learning and Player-Compatible Equilibrium," Papers 1712.08954, arXiv.org, revised May 2020.
    27. Xie, Yinxi & Xie, Yang, 2017. "Machiavellian experimentation," Journal of Comparative Economics, Elsevier, vol. 45(4), pages 685-711.
    28. Farzad Pourbabaee, 2021. "Robust Experimentation in the Continuous Time Bandit Problem," Papers 2104.00102, arXiv.org.
    29. Thijssen, Jacco J.J. & Bregantini, Daniele, 2017. "Costly sequential experimentation and project valuation with an application to health technology assessment," Journal of Economic Dynamics and Control, Elsevier, vol. 77(C), pages 202-229.
    30. Hoppe-Wewetzer, Heidrun & Katsenos, Georgios & Ozdenoren, Emre, 2023. "The effects of rivalry on scientific progress under public vs private learning," Journal of Economic Theory, Elsevier, vol. 212(C).
    31. Wuggenig, Mirjam, 2014. "Learning faster or more precisely? Strategic experimentation in networks," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 485, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.

  3. Martin Peitz & Sven Rady & Piers Trepper, 2015. "Experimentation in Two-Sided Markets," CESifo Working Paper Series 5346, CESifo.

    Cited by:

    1. Peitz, Martin & Rady, Sven & Trepper, Piers, 2017. "Experimentation in Two-Sided Markets," Munich Reprints in Economics 55039, University of Munich, Department of Economics.
    2. Jullien, Bruno & Pavan, Alessandro & Rysman, Marc, 2021. "Two-sided Markets, Pricing, and Network Effects," TSE Working Papers 21-1238, Toulouse School of Economics (TSE).
    3. Torsten Heinrich & Claudius Gräbner, 2019. "Beyond equilibrium: revisiting two-sided markets from an agent-based modelling perspective," International Journal of Computational Economics and Econometrics, Inderscience Enterprises Ltd, vol. 9(3), pages 153-180.
    4. Godfrey Keller & Sven Rady, 2019. "Undiscounted Bandit Games," CRC TR 224 Discussion Paper Series crctr224_2019_130, University of Bonn and University of Mannheim, Germany.
    5. Cabral, Luis, 2018. "Towards a Theory of Platform Dynamics," CEPR Discussion Papers 13052, C.E.P.R. Discussion Papers.
    6. Bajo-Buenestado, Raúl & Kinateder, Markus, 2019. "Armstrong meets Rochet–Tirole: On the equivalence of different pricing structures in two-sided markets," Economics Letters, Elsevier, vol. 177(C), pages 43-46.

  4. Johannes Horner & Nicolas Klein & Sven Rady, 2014. "Strongly Symmetric Equilibria in Bandit Games," Cowles Foundation Discussion Papers 1956, Cowles Foundation for Research in Economics, Yale University.

    Cited by:

    1. Svetlana Boyarchenko, 2020. "Super- and submodularity of stopping games with random observations," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(4), pages 983-1022, November.
    2. Heidhues, Paul & Rady, Sven & Strack, Philipp, 2015. "Strategic experimentation with private payoffs," Journal of Economic Theory, Elsevier, vol. 159(PA), pages 531-551.
    3. Klein, Nicolas, 2010. "Strategic Learning in Teams," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 333, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    4. Boyarchenko, Svetlana, 2021. "Inefficiency of sponsored research," Journal of Mathematical Economics, Elsevier, vol. 95(C).
    5. Johannes Hoelzemann & Nicolas Klein, 2021. "Bandits in the lab," Quantitative Economics, Econometric Society, vol. 12(3), pages 1021-1051, July.

  5. Rady, Sven & Keller, R Godfrey, 2009. "Strategic Experimentation with Poisson Bandits," CEPR Discussion Papers 7270, C.E.P.R. Discussion Papers.

    Cited by:

    1. Nicolas Klein, 2009. "Free-Riding And Delegation In Research Teams," 2009 Meeting Papers 253, Society for Economic Dynamics.
    2. Svetlana Boyarchenko, 2020. "Super- and submodularity of stopping games with random observations," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(4), pages 983-1022, November.
    3. Daniela Balutel & Christopher Henry & Michel Vasquez & Marcel Voia, 2022. "Bitcoin Adoption and Beliefs in Canada," Post-Print hal-03676061, HAL.
    4. Kaustav Das & Nicolas Klein & Katharina Schmid, 2020. "Strategic experimentation with asymmetric players," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(4), pages 1147-1175, June.
    5. Hofer, Katharina E. & Marti, Christian & Bütler, Monika, 2017. "Ready to reform: How popular initiatives can be successful," European Journal of Political Economy, Elsevier, vol. 48(C), pages 16-39.
    6. Sven Rady & Nicolas Klein & Johannes Horner, 2013. "Strongly Symmetric Equilibria in Bandit Games," 2013 Meeting Papers 1107, Society for Economic Dynamics.
    7. Morvarid Rahmani & Guillaume Roels & Uday S. Karmarkar, 2018. "Team Leadership and Performance: Combining the Roles of Direction and Contribution," Management Science, INFORMS, vol. 64(11), pages 5234-5249, November.
    8. Bernard, Benjamin & Frei, Christoph, 2016. "The folk theorem with imperfect public information in continuous time," Theoretical Economics, Econometric Society, vol. 11(2), May.
    9. Alessandro Lizzeri & Eran Shmaya & Leeat Yariv, 2024. "Disentangling Exploration from Exploitation," Working Papers 334, Princeton University, Department of Economics, Center for Economic Policy Studies..
    10. Andrey Launov & Klaus Wälde, 2013. "Estimating Incentive And Welfare Effects Of Nonstationary Unemployment Benefits," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 54(4), pages 1159-1198, November.
    11. Johannes Horner & Larry Samuelson, 2009. "Incentives for Experimenting Agents," Cowles Foundation Discussion Papers 1726R, Cowles Foundation for Research in Economics, Yale University, revised Feb 2012.
    12. Volker Wieland & Christos Koulovatianos, 2011. "Asset Pricing under Rational Learning about Rare Disasters," 2011 Meeting Papers 1417, Society for Economic Dynamics.
    13. Johannes Hörner & Nicolas Klein & Sven Rady, 2022. "Overcoming Free-Riding in Bandit Games," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 89(4), pages 1948-1992.
    14. Song, Yangbo & Zhao, Mofei, 2021. "Dynamic R&D competition under uncertainty and strategic disclosure," Journal of Economic Behavior & Organization, Elsevier, vol. 181(C), pages 169-210.
    15. Vladimir Novak & Tim Willems, 2018. "A Note on Optimal Experimentation under Risk Aversion," CERGE-EI Working Papers wp618, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    16. Klein, Nicolas & Rady, Sven, 2008. "Negatively Correlated Bandits," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 243, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    17. Marlats, Chantal & Ménager, Lucie, 2021. "Strategic observation with exponential bandits," Journal of Economic Theory, Elsevier, vol. 193(C).
    18. Heidhues, Paul & Rady, Sven & Strack, Philipp, 2015. "Strategic experimentation with private payoffs," Journal of Economic Theory, Elsevier, vol. 159(PA), pages 531-551.
    19. William F. Maloney & Andrés Zambrano, 2022. "Learning to learn: Experimentation, entrepreneurial capital, and development," Documentos CEDE 19940, Universidad de los Andes, Facultad de Economía, CEDE.
    20. Boyan Jovanovic & Sai Ma, 2023. "Growth through learning," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 50, pages 211-234, October.
    21. Kaustav Das, 2014. "Strategic Experimentation with Competition and Private Arrival of Information," Discussion Papers 1404, University of Exeter, Department of Economics.
    22. Godfrey Keller & Sven Rady, 2019. "Undiscounted Bandit Games," CRC TR 224 Discussion Paper Series crctr224_2019_130, University of Bonn and University of Mannheim, Germany.
    23. Ozdenoren, Emre & Hoppe-Wewetzer, Heidrun C. & Katsenos, Georgios, 2019. "Experimentation, Learning, and Preemption," CEPR Discussion Papers 13483, C.E.P.R. Discussion Papers.
    24. Klein, Nicolas, 2010. "Strategic Learning in Teams," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 333, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    25. Kostas Bimpikis & Shayan Ehsani & Mohamed Mostagir, 2019. "Designing Dynamic Contests," Operations Research, INFORMS, vol. 67(2), pages 339-356, March.
    26. Deimen, Inga & Wirtz, Julia, 2016. "A Bandit Model of Two-Dimensional Uncertainty -- Rationalizing Mindsets," VfS Annual Conference 2016 (Augsburg): Demographic Change 145931, Verein für Socialpolitik / German Economic Association.
    27. Sofia Moroni, 2016. "Experimentation in Organizations," Working Paper 5876, Department of Economics, University of Pittsburgh.
    28. Thomas Greve & Hans Keiding, 2023. "A model of privately funded public research," Journal of Economics, Springer, vol. 140(1), pages 63-91, September.
    29. Mira Frick & Yuhta Ishii, 2015. "Innovation Adoption by Forward-Looking Social Learners," Cowles Foundation Discussion Papers 1877, Cowles Foundation for Research in Economics, Yale University.
    30. Dinah Rosenberg & Antoine Salomon & Nicolas Vieille, 2010. "On Games of Strategic Experimentation," Working Papers hal-00579613, HAL.
    31. Keller, Godfrey & Rady, Sven, 2015. "Breakdowns," Theoretical Economics, Econometric Society, vol. 10(1), January.
    32. Thomas, Caroline, 2019. "Experimentation with reputation concerns – Dynamic signalling with changing types," Journal of Economic Theory, Elsevier, vol. 179(C), pages 366-415.
    33. Boyarchenko, Svetlana, 2021. "Inefficiency of sponsored research," Journal of Mathematical Economics, Elsevier, vol. 95(C).
    34. Jean Guillaume Forand, 2011. "Keeping Your Options Open," 2011 Meeting Papers 82, Society for Economic Dynamics.
    35. Roland G. Fryer, Jr. & Philipp Harms, 2013. "Two-Armed Restless Bandits with Imperfect Information: Stochastic Control and Indexability," NBER Working Papers 19043, National Bureau of Economic Research, Inc.
    36. Francis Bloch & Simona Fabrizi & Steffen Lippert, 2022. "Hiding and herding in market entry," Post-Print halshs-03956373, HAL.
    37. Chia-Hui Chen & Junichiro Ishida & Arijit Mukherjee, 2021. "Pioneer, Early Follower or Late Entrant: Entry Dynamics with Learning and Market Competition," ISER Discussion Paper 1132, Institute of Social and Economic Research, Osaka University.
    38. Sofia Moroni, 2019. "Experimentation in Organizations," Working Paper 6631, Department of Economics, University of Pittsburgh.
    39. Matros, Alexander & Smirnov, Vladimir, 2011. "Treasure game," Working Papers 2011-10, University of Sydney, School of Economics, revised May 2014.
    40. Nicolas Klein & Tymofiy Mylovanov, 2011. "Should the Flatterers be Avoided?," 2011 Meeting Papers 1273, Society for Economic Dynamics.
    41. Nicolas KLEIN & Peter WAGNER, 2018. "Strategic Investment and Learning with Private Information," Cahiers de recherche 13-2018, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    42. Kaustav Das, 2013. "Strategic Experimentation with Heterogeneous Agents and Payoff Externalities," Discussion Papers 1315, University of Exeter, Department of Economics.
    43. Weng, Xi, 2015. "Dynamic pricing in the presence of individual learning," Journal of Economic Theory, Elsevier, vol. 155(C), pages 262-299.
    44. Xie, Yinxi & Xie, Yang, 2017. "Machiavellian experimentation," Journal of Comparative Economics, Elsevier, vol. 45(4), pages 685-711.
    45. Jin Huang, 2017. "To Glance or to Peruse: Observational and Active Learning from Peer Consumers," Working Papers wp2017_1716, CEMFI.
    46. Johannes Hoelzemann & Nicolas Klein, 2021. "Bandits in the lab," Quantitative Economics, Econometric Society, vol. 12(3), pages 1021-1051, July.
    47. Thijssen, Jacco J.J. & Bregantini, Daniele, 2017. "Costly sequential experimentation and project valuation with an application to health technology assessment," Journal of Economic Dynamics and Control, Elsevier, vol. 77(C), pages 202-229.
    48. Kaustav Das, 2015. "The Role of Heterogeneity in a Model of Strategic Experimentation," Discussion Papers 1507, University of Exeter, Department of Economics.
    49. Mayskaya, Tatiana & Nikandrova, Arina, 2023. "The dark side of transparency: When hiding in plain sight works," Journal of Economic Theory, Elsevier, vol. 212(C).
    50. Kaustav Das, 2017. "The Role of Heterogeneity in a model of Strategic Experimentation," Discussion Papers 1703, University of Exeter, Department of Economics.
    51. Alejandro Francetich, 2014. "Managing Multiple Research Projects," Working Papers 516, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.

  6. Nicolas Klein & Sven Rady, 2008. "Negatively Correlated Bandits," Working Papers 040, Bavarian Graduate Program in Economics (BGPE).

    Cited by:

    1. Bowen, Renee & Hwang, Ilwoo & Krasa, Stefan, 2022. "Personal power dynamics in bargaining," Journal of Economic Theory, Elsevier, vol. 205(C).
    2. Nicolas Klein, 2009. "Free-Riding And Delegation In Research Teams," 2009 Meeting Papers 253, Society for Economic Dynamics.
    3. Svetlana Boyarchenko, 2020. "Super- and submodularity of stopping games with random observations," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(4), pages 983-1022, November.
    4. Kaustav Das & Nicolas Klein & Katharina Schmid, 2020. "Strategic experimentation with asymmetric players," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(4), pages 1147-1175, June.
    5. Inga Deimen & Julia Wirtz, 2021. "Control, Cost, and Confidence:Perseverance and Procrastination in the Face of Failure," Bristol Economics Discussion Papers 21/738, School of Economics, University of Bristol, UK.
    6. Ufuk Akcigit & Qingmin Liu, 2011. "The Role of Information in Competitive Experimentation," PIER Working Paper Archive 11-038, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    7. Andrea Canidio & Patrick Legros, 2023. "Task Discretion, Labor-market Frictions, and Entrepreneurship†," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 39(2), pages 420-455.
    8. Alessandro Bonatti & Johannes Horner, 2011. "Collaborating," American Economic Review, American Economic Association, vol. 101(2), pages 632-663, April.
    9. Hwang, Ilwoo, 2023. "Policy experimentation with repeated elections," Games and Economic Behavior, Elsevier, vol. 142(C), pages 623-644.
    10. Yingni Guo, 2016. "Dynamic Delegation of Experimentation," American Economic Review, American Economic Association, vol. 106(8), pages 1969-2008, August.
    11. Caroline D. Thomas, 2021. "Strategic Experimentation with Congestion," American Economic Journal: Microeconomics, American Economic Association, vol. 13(1), pages 1-82, February.
    12. Rady, Sven & Keller, R Godfrey, 2009. "Strategic Experimentation with Poisson Bandits," CEPR Discussion Papers 7270, C.E.P.R. Discussion Papers.
    13. Heidhues, Paul & Rady, Sven & Strack, Philipp, 2015. "Strategic experimentation with private payoffs," Journal of Economic Theory, Elsevier, vol. 159(PA), pages 531-551.
    14. Simina Br^anzei & Yuval Peres, 2019. "Multiplayer Bandit Learning, from Competition to Cooperation," Papers 1908.01135, arXiv.org, revised Jan 2024.
    15. Kaustav Das, 2014. "Strategic Experimentation with Competition and Private Arrival of Information," Discussion Papers 1404, University of Exeter, Department of Economics.
    16. Ozdenoren, Emre & Hoppe-Wewetzer, Heidrun C. & Katsenos, Georgios, 2019. "Experimentation, Learning, and Preemption," CEPR Discussion Papers 13483, C.E.P.R. Discussion Papers.
    17. Klein, Nicolas, 2010. "Strategic Learning in Teams," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 333, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    18. Can Urgun, 2021. "Restless Contracting," Working Papers 2021-88, Princeton University. Economics Department..
    19. Kostas Bimpikis & Shayan Ehsani & Mohamed Mostagir, 2019. "Designing Dynamic Contests," Operations Research, INFORMS, vol. 67(2), pages 339-356, March.
    20. Chia-Hui Chen & Junichiro Ishida, 2015. "Hierarchical Experimentation," ISER Discussion Paper 0949, Institute of Social and Economic Research, Osaka University.
    21. Sofia Moroni, 2016. "Experimentation in Organizations," Working Paper 5876, Department of Economics, University of Pittsburgh.
    22. Yeon-Koo Che & Konrad Mierendorff, 2018. "Optimal Dynamic Allocation of Attention," Papers 1812.06967, arXiv.org.
    23. Daniel Hauser, 2016. "Promoting a Reputation for Quality," PIER Working Paper Archive 16-014, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 29 Sep 2016.
    24. Janet M. Currie & W. Bentley MacLeod, 2018. "Understanding Doctor Decision Making: The Case of Depression," NBER Working Papers 24955, National Bureau of Economic Research, Inc.
    25. Mira Frick & Yuhta Ishii, 2015. "Innovation Adoption by Forward-Looking Social Learners," Cowles Foundation Discussion Papers 1877, Cowles Foundation for Research in Economics, Yale University.
    26. Dinah Rosenberg & Antoine Salomon & Nicolas Vieille, 2010. "On Games of Strategic Experimentation," Working Papers hal-00579613, HAL.
    27. Boyarchenko, Svetlana, 2021. "Inefficiency of sponsored research," Journal of Mathematical Economics, Elsevier, vol. 95(C).
    28. Jean Guillaume Forand, 2011. "Keeping Your Options Open," 2011 Meeting Papers 82, Society for Economic Dynamics.
    29. Cripps, Martin W., 2013. "Optimal learning of a set: Or how to edit a journal if you must," Economics Letters, Elsevier, vol. 120(3), pages 384-388.
    30. Mayskaya, Tatiana, 2024. "Following beliefs or excluding the worst? The role of unfindable state in learning," European Economic Review, Elsevier, vol. 162(C).
    31. Roland G. Fryer, Jr. & Philipp Harms, 2013. "Two-Armed Restless Bandits with Imperfect Information: Stochastic Control and Indexability," NBER Working Papers 19043, National Bureau of Economic Research, Inc.
    32. Alejandro Francetich, 2018. "Efficient multi-agent experimentation and multi-choice bandits," Economics Bulletin, AccessEcon, vol. 38(4), pages 1757-1761.
    33. Sofia Moroni, 2019. "Experimentation in Organizations," Working Paper 6631, Department of Economics, University of Pittsburgh.
    34. Gregorio Curello, 2021. "Incentives for Collective Innovation," Papers 2109.01885, arXiv.org, revised May 2023.
    35. Matros, Alexander & Smirnov, Vladimir, 2011. "Treasure game," Working Papers 2011-10, University of Sydney, School of Economics, revised May 2014.
    36. Nicolas Klein & Tymofiy Mylovanov, 2011. "Should the Flatterers be Avoided?," 2011 Meeting Papers 1273, Society for Economic Dynamics.
    37. Anders Bredahl Kock & Martin Thyrsgaard, 2017. "Optimal sequential treatment allocation," Papers 1705.09952, arXiv.org, revised Aug 2018.
    38. Kaustav Das, 2013. "Strategic Experimentation with Heterogeneous Agents and Payoff Externalities," Discussion Papers 1315, University of Exeter, Department of Economics.
    39. Drew Fudenberg & Kevin He, 2017. "Player-Compatible Learning and Player-Compatible Equilibrium," Papers 1712.08954, arXiv.org, revised May 2020.
    40. Xie, Yinxi & Xie, Yang, 2017. "Machiavellian experimentation," Journal of Comparative Economics, Elsevier, vol. 45(4), pages 685-711.
    41. Johannes Hoelzemann & Nicolas Klein, 2021. "Bandits in the lab," Quantitative Economics, Econometric Society, vol. 12(3), pages 1021-1051, July.
    42. Kaustav Das, 2015. "The Role of Heterogeneity in a Model of Strategic Experimentation," Discussion Papers 1507, University of Exeter, Department of Economics.
    43. Alós-Ferrer, Carlos & Kern, Johannes, 2015. "Repeated games in continuous time as extensive form games," Journal of Mathematical Economics, Elsevier, vol. 61(C), pages 34-57.
    44. Mayskaya, Tatiana & Nikandrova, Arina, 2023. "The dark side of transparency: When hiding in plain sight works," Journal of Economic Theory, Elsevier, vol. 212(C).
    45. Külpmann, Philipp, 2015. "Procrastination and projects," Center for Mathematical Economics Working Papers 544, Center for Mathematical Economics, Bielefeld University.
    46. Kaustav Das, 2017. "The Role of Heterogeneity in a model of Strategic Experimentation," Discussion Papers 1703, University of Exeter, Department of Economics.
    47. Alejandro Francetich, 2014. "Managing Multiple Research Projects," Working Papers 516, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.

  7. François Ortalo-Magné & Sven Rady, 2005. "Heterogeneity within Communities: A Stochastic Model with Tenure Choice," CESifo Working Paper Series 1465, CESifo.

    Cited by:

    1. Basant K. Kapur, 2016. "Another Look At Price Instability And Consumer Well-Being: Nondurable And Durable (Housing) Markets," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(02), pages 1-9, June.
    2. Patrick Bayer & Robert McMillan & Alvin Murphy & Christopher Timmins, 2011. "A Dynamic Model of Demand for Houses and Neighborhoods," Working Papers 11-16, Duke University, Department of Economics.
    3. Pablo Casas-Arce & Albert Saiz, 2006. "Owning versus leasing: do courts matter?," Working Papers 06-21, Federal Reserve Bank of Philadelphia.
    4. François Ortalo-Magné & Andrea Prat, 2005. "The Political Economy of Housing Supply," Levine's Bibliography 122247000000000954, UCLA Department of Economics.
    5. Haavio, Markus & Kauppi, Heikki, 2009. "House price fluctuations and residential sorting," Bank of Finland Research Discussion Papers 14/2009, Bank of Finland.
    6. Leung, Charles Ka Yui, 2022. "Housing and Macroeconomics," MPRA Paper 115500, University Library of Munich, Germany.
    7. Ortalo-Magné, François & Prat, Andrea, 2011. "On the Political Economy of Urban Growth: Homeownership versus Affordability," CEPR Discussion Papers 8243, C.E.P.R. Discussion Papers.
    8. Martin Gonzalez-Eiras & Dirk Niepelt, 2004. "Sustaining Social Security," 2004 Meeting Papers 199, Society for Economic Dynamics.
    9. Ortalo-Magné, François & Prat, Andrea, 2007. "The political economy of housing supply: homeowners, workers, and voters," LSE Research Online Documents on Economics 3678, London School of Economics and Political Science, LSE Library.
    10. Joseph Gyourko & Christopher Mayer & Todd Sinai, 2013. "Superstar Cities," American Economic Journal: Economic Policy, American Economic Association, vol. 5(4), pages 167-199, November.
    11. Morrison, Nicola & Szumilo, Nikodem, 2019. "Universities’ global research ambitions and their localised effects," Land Use Policy, Elsevier, vol. 85(C), pages 290-301.
    12. Todd Sinai, 2010. "Feedback Between Real Estate And Urban Economics," Journal of Regional Science, Wiley Blackwell, vol. 50(1), pages 423-448, February.
    13. Patrick Bayer & Robert McMillan & Alvin Murphy & Christopher Timmins, 2016. "A Dynamic Model of Demand for Houses and Neighborhoods," Econometrica, Econometric Society, vol. 84, pages 893-942, May.
    14. Hilber, Christian A.L. & Liu, Yingchun, 2008. "Explaining the black-white homeownership gap: The role of own wealth, parental externalities and locational preferences," Journal of Housing Economics, Elsevier, vol. 17(2), pages 152-174, June.
    15. Markus Haavio & Heikki Kauppi, 2009. "House Price Fluctuations and Residential Sorting," Discussion Papers 48, Aboa Centre for Economics.
    16. Dokow, Elad & Luque, Jaime, 2019. "Provision of local public goods in mixed income communities," Journal of Housing Economics, Elsevier, vol. 45(C), pages 1-1.
    17. Leung, Charles Ka Yui & Tang, Edward Chi Ho, 2014. "Availability, Affordability and Volatility: the case of Hong Kong Housing Market," MPRA Paper 58770, University Library of Munich, Germany.
    18. Ko, Kate, 2009. "Home Prices and Urban Corridors," 50th Annual Transportation Research Forum, Portland, Oregon, March 16-18, 2009 207607, Transportation Research Forum.

  8. Godfrey Keller & Sven Rady, 2005. "Strategic Experimentation with Undiscounted Bandits," 2005 Meeting Papers 473, Society for Economic Dynamics.

    Cited by:

    1. Iván Marinovic & Martin Szydlowski, 2022. "Monitoring with career concerns," RAND Journal of Economics, RAND Corporation, vol. 53(2), pages 404-428, June.

  9. Ortalo-Magné, François & Rady, Sven, 2005. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints (Revised Version)," Discussion Papers in Economics 494, University of Munich, Department of Economics.

    Cited by:

    1. Ngai, L. Rachel & Sheedy, Kevin D., 2023. "The Ins and Outs of Selling Houses: Understanding Housing-Market Volatility," IZA Discussion Papers 16603, Institute of Labor Economics (IZA).
    2. Jan Rouwendal, 2009. "Housing Wealth and Household Portfolios in an Ageing Society," De Economist, Springer, vol. 157(1), pages 1-48, March.
    3. James Banks & Richard Blundell & Zoë Oldfield & James P. Smith, 2010. "Housing Price Volatility and Downsizing in Later Life," NBER Chapters, in: Research Findings in the Economics of Aging, pages 337-379, National Bureau of Economic Research, Inc.
    4. Yoshida, Jiro, 2007. "Technology Shocks and Asset Price Dynamics: The Role of Housing in General Equilibrium," MPRA Paper 6271, University Library of Munich, Germany.
    5. Rui Yao & Haiyong Liu & Wenli Li, 2008. "Housing Over the Life Cycle: A Structural Estimation," 2008 Meeting Papers 701, Society for Economic Dynamics.
    6. Ngai, L. Rachel & Tenreyro, Silvana, 2014. "Hot and cold seasons in the housing market," LSE Research Online Documents on Economics 63659, London School of Economics and Political Science, LSE Library.
    7. Wenli Li & Haiyong Liu & Fang Yang & Rui Yao, 2015. "Housing over time and over the life cycle: a structural estimation," Working Papers 15-4, Federal Reserve Bank of Philadelphia.
    8. Maria Concetta Chiuri & Tullio Jappelli, 2006. "Do the elderly reduce housing equity? An international comparison," CSEF Working Papers 158, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    9. Thomas Grandner & Dieter Gstach, 2006. "Joint Adjustment of House Prices, Stock Prices and Output Towards Short‐run Equilibrium," Bulletin of Economic Research, Wiley Blackwell, vol. 58(1), pages 1-17, January.
    10. Suarez, Javier & Ceron, Jose A., 2006. "Hot and Cold Housing Markets: International Evidence," CEPR Discussion Papers 5411, C.E.P.R. Discussion Papers.
    11. Óscar J. Arce & David López-Salido, 2006. "House Prices, Rents, and Interest Rates under Collateral Constraints," Working Papers 0610, Banco de España.
    12. Timothy Smeeding & Eva Sierminska & Andrea Brandolini, 2006. "Cross National Comparison of Income and Wealth Status in Retirement: First Results from the Luxembourg Wealth Study (LWS)," LWS Working papers 2, LIS Cross-National Data Center in Luxembourg.
    13. Andrew Benito, 2006. "How does the down-payment constraint affect the UK housing market?," Bank of England working papers 294, Bank of England.
    14. Lok Sang Ho & Gary Wong, 2008. "Nexus Between Housing And The Macro Economy: The Hong Kong Case," Pacific Economic Review, Wiley Blackwell, vol. 13(2), pages 223-239, May.
    15. Ronel Elul, 2005. "Collateral, credit history, and the financial decelerator," Working Papers 05-23, Federal Reserve Bank of Philadelphia.
    16. Benoit Faye & Éric Le Fur, 2010. "L'étude du lien entre cycle et saisonnalité sur un marché immobilier résidentiel. Le cas de l'habitat ancien à Bordeaux," Revue d'économie régionale et urbaine, Armand Colin, vol. 0(5), pages 937-965.
    17. Benito, Andrew, 2006. "The down-payment constraint and UK housing market: Does the theory fit the facts?," Journal of Housing Economics, Elsevier, vol. 15(1), pages 1-20, March.
    18. Mark Doms & John Krainer, 2007. "Innovations in mortgage markets and increased spending on housing," Working Paper Series 2007-05, Federal Reserve Bank of San Francisco.
    19. Bank for International Settlements, 2006. "Housing finance in the global financial market," CGFS Papers, Bank for International Settlements, number 26, december.
    20. Ivan Jaccard, 2007. "Real Estate Prices in Production Economies," 2007 Meeting Papers 645, Society for Economic Dynamics.
    21. Lee, Nai Jia & Ong, Seow Eng, 2005. "Upward mobility, house price volatility, and housing equity," Journal of Housing Economics, Elsevier, vol. 14(2), pages 127-146, June.

  10. Ortalo-Magne, Francois & Rady, Sven, 2004. "Housing Transactions and Macroeconomic Fluctuations: A Case Study of England," 2004 Meeting Papers 207c, Society for Economic Dynamics.

    Cited by:

    1. Geoff Willcocks, 2009. "UK Housing Market: Time Series Processes with Independent and Identically Distributed Residuals," The Journal of Real Estate Finance and Economics, Springer, vol. 39(4), pages 403-414, November.
    2. Genesove, David & Han, Lu, 2010. "Search and Matching in the Housing Market," CEPR Discussion Papers 7777, C.E.P.R. Discussion Papers.
    3. de Wit, Erik R. & Englund, Peter & Francke, Marc K., 2013. "Price and transaction volume in the Dutch housing market," Regional Science and Urban Economics, Elsevier, vol. 43(2), pages 220-241.
    4. Andrea Ferrero, 2012. "House price booms, current account deficits, and low interest rates," Staff Reports 541, Federal Reserve Bank of New York.
    5. Sven Rady & François Ortalo-Magné, 2001. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints," CESifo Working Paper Series 470, CESifo.
    6. Sing, Tien-Foo & Tsai, I-Chun & Chen, Ming-Chi, 2006. "Price dynamics in public and private housing markets in Singapore," Journal of Housing Economics, Elsevier, vol. 15(4), pages 305-320, December.
    7. Masud Alam, 2024. "Volatility in U.S. Housing Sector and the REIT Equity Return," The Journal of Real Estate Finance and Economics, Springer, vol. 69(3), pages 505-544, October.
    8. Disney Richard & Gathergood John, 2011. "House Price Growth, Collateral Constraints and the Accumulation of Homeowner Debt in the United States," The B.E. Journal of Macroeconomics, De Gruyter, vol. 11(1), pages 1-30, September.
    9. Nan-Kuang Chen & Charles Leung, 2008. "Asset Price Spillover, Collateral and Crises: with an Application to Property Market Policy," The Journal of Real Estate Finance and Economics, Springer, vol. 37(4), pages 351-385, November.
    10. Diao, Mi & Fan, Yi & Sing, Tien Foo, 2021. "Rational pricing responses of developers to supply shocks: Evidence from Singapore," Journal of Economic Behavior & Organization, Elsevier, vol. 190(C), pages 802-815.
    11. Andrew Benito, 2006. "How does the down-payment constraint affect the UK housing market?," Bank of England working papers 294, Bank of England.
    12. Brian Petereson, 2009. "Fooled by Search: Housing Prices, Turnover and Bubbles," CAEPR Working Papers 2009-004, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    13. Lindh, Thomas & Malmberg, Bo, 2005. "Demography and housing demand - What can we learn from residential construction data?," Arbetsrapport 2005:20, Institute for Futures Studies.
    14. Benito, Andrew, 2006. "The down-payment constraint and UK housing market: Does the theory fit the facts?," Journal of Housing Economics, Elsevier, vol. 15(1), pages 1-20, March.
    15. Edika Quispe-Torreblanca & David Hume & John Gathergood & George Loewenstein & Neil Stewart, 2023. "At the Top of the Mind: Peak Prices and the Disposition Effect," Discussion Papers 2023-09, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    16. Eric Levin & Alberto Montagnoli & Robert E. Wright, 2009. "Demographic Change and the Housing Market: Evidence from a Comparison of Scotland and England," Urban Studies, Urban Studies Journal Limited, vol. 46(1), pages 27-43, January.
    17. Yong Tu & Seow Ong & Ying Han, 2009. "Turnovers and Housing Price Dynamics: Evidence from Singapore Condominium Market," The Journal of Real Estate Finance and Economics, Springer, vol. 38(3), pages 254-274, April.
    18. Oikarinen, Elias, 2009. "Household borrowing and metropolitan housing price dynamics - Empirical evidence from Helsinki," Journal of Housing Economics, Elsevier, vol. 18(2), pages 126-139, June.
    19. Maier, Thomas, 2007. "House Price Dynamics and Traffic Mode Choice:," Munich Dissertations in Economics 6503, University of Munich, Department of Economics.
    20. Beatrice D. Simo-Kengne & Manoel Bittencourt & Rangan Gupta, 2011. "House Prices and Economic Growth in South Africa: Evidence from Provincial-Level Data," Working Papers 201116, University of Pretoria, Department of Economics.
    21. Nguyen Nghia Hoai & Chinda Thanwadee, 2015. "Investigating Factors Influencing Profits Enhancement in Real Estate Companies in Ho Chi Minh City, Viet Nam," International Journal of Business and Administrative Studies, Professor Dr. Bahaudin G. Mujtaba, vol. 1(3), pages 107-113.
    22. Ortalo-Magné, François & Rady, Sven, 2005. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints (Revised Version)," Discussion Papers in Economics 494, University of Munich, Department of Economics.
    23. Jim Clayton & Norman Miller & Liang Peng, 2010. "Price-volume Correlation in the Housing Market: Causality and Co-movements," The Journal of Real Estate Finance and Economics, Springer, vol. 40(1), pages 14-40, January.
    24. Carozzi, Felipe, 2020. "Credit constraints and the composition of housing sales. Farewell to first-time buyers?," LSE Research Online Documents on Economics 91193, London School of Economics and Political Science, LSE Library.
    25. Mi Diao & Yi Fan & Tien Foo Sing, 2019. "Demand Restrictions and Asymmetric Risk Behaviors," International Real Estate Review, Global Social Science Institute, vol. 22(2), pages 131-167.
    26. Tsai, I-Chun, 2014. "Ripple effect in house prices and trading volume in the UK housing market: New viewpoint and evidence," Economic Modelling, Elsevier, vol. 40(C), pages 68-75.
    27. Torben Klarl, 2016. "The nexus between housing and GDP re-visited: A wavelet coherence view on housing and GDP for the U.S," Economics Bulletin, AccessEcon, vol. 36(2), pages 704-720.
    28. Tsangyao Chang & Beatrice D. Simo-Kengne & Rangan Gupta, 2013. "The Causal Relationship between House Prices and Economic Growth in the Nine Provinces of South Africa: Evidence from Panel-Granger Causality Tests," Working Papers 201317, University of Pretoria, Department of Economics.
    29. Mi Diao & Yi Fan & Tien Foo Sing, 2018. "Demand restrictions; government interventions; resale public housing market; private housing market; housing wealth," ERES eres2018_32, European Real Estate Society (ERES).
    30. Norman Miller & Liang Peng & Michael Sklarz, 2011. "House Prices and Economic Growth," The Journal of Real Estate Finance and Economics, Springer, vol. 42(4), pages 522-541, May.

  11. Rady, Sven & Cripps, Martin William & Keller, R Godfrey, 2003. "Strategic Experimentation with Exponential Bandits," CEPR Discussion Papers 3814, C.E.P.R. Discussion Papers.

    Cited by:

    1. Ulrich Doraszelski & Gregory Lewis & Ariel Pakes, 2016. "Just Starting Out: Learning and Equilibrium in a New Market," NBER Working Papers 21996, National Bureau of Economic Research, Inc.
    2. Bowen, Renee & Hwang, Ilwoo & Krasa, Stefan, 2022. "Personal power dynamics in bargaining," Journal of Economic Theory, Elsevier, vol. 205(C).
    3. Svetlana Boyarchenko, 2020. "Super- and submodularity of stopping games with random observations," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(4), pages 983-1022, November.
    4. Kremer, Ilan & Mansour, Yishay & Perry, Motty, 2013. "Implementing the "Wisdom of the Crowd"," Economic Research Papers 270435, University of Warwick - Department of Economics.
    5. Daniela Balutel & Christopher Henry & Michel Vasquez & Marcel Voia, 2022. "Bitcoin Adoption and Beliefs in Canada," Post-Print hal-03676061, HAL.
    6. Kaustav Das & Nicolas Klein & Katharina Schmid, 2020. "Strategic experimentation with asymmetric players," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(4), pages 1147-1175, June.
    7. Iván Marinovic & Martin Szydlowski, 2022. "Monitoring with career concerns," RAND Journal of Economics, RAND Corporation, vol. 53(2), pages 404-428, June.
    8. Sven Rady & Nicolas Klein & Johannes Horner, 2013. "Strongly Symmetric Equilibria in Bandit Games," 2013 Meeting Papers 1107, Society for Economic Dynamics.
    9. Morvarid Rahmani & Guillaume Roels & Uday S. Karmarkar, 2018. "Team Leadership and Performance: Combining the Roles of Direction and Contribution," Management Science, INFORMS, vol. 64(11), pages 5234-5249, November.
    10. Laiho, Tuomas & Murto, Pauli & Salmi, Julia, 0. "Gradual learning from incremental actions," Theoretical Economics, Econometric Society.
    11. Egger, Peter & Wamser, Georg & Fahn, Matthias & Merlo, Valeria, 2011. "On the Genesis of Multinational Foreign Affiliate Networks," CEPR Discussion Papers 8536, C.E.P.R. Discussion Papers.
    12. Bonatti, Alessandro & Hörner, Johannes, 2017. "Learning to Disagree in a Game of Experimentation," TSE Working Papers 17-791, Toulouse School of Economics (TSE).
    13. Bernhard Ganglmair & Timothy Simcoe & Emanuele Tarantino, 2018. "Learning When to Quit: An Empirical Model of Experimentation," NBER Working Papers 24358, National Bureau of Economic Research, Inc.
    14. Inga Deimen & Julia Wirtz, 2021. "Control, Cost, and Confidence:Perseverance and Procrastination in the Face of Failure," Bristol Economics Discussion Papers 21/738, School of Economics, University of Bristol, UK.
    15. Strulovici, Bruno & Szydlowski, Martin, 2012. "On the Smoothness of Value Functions," MPRA Paper 36326, University Library of Munich, Germany, revised 31 Jan 2012.
    16. Alessandro Lizzeri & Eran Shmaya & Leeat Yariv, 2024. "Disentangling Exploration from Exploitation," Working Papers 334, Princeton University, Department of Economics, Center for Economic Policy Studies..
    17. Mohamed Belhaj & Frédéric Deroïan & Mathieu Faure, 2022. "Do people share opportunities?," Working Papers hal-03921232, HAL.
    18. Ufuk Akcigit & Qingmin Liu, 2011. "The Role of Information in Competitive Experimentation," PIER Working Paper Archive 11-038, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    19. Barbos, Andrei, 2012. "De-synchornized Clocks in Preemption Games with Risky Prospects," MPRA Paper 40846, University Library of Munich, Germany.
    20. Krahmer, Daniel, 2007. "Equilibrium learning in simple contests," Games and Economic Behavior, Elsevier, vol. 59(1), pages 105-131, April.
    21. Amador, Manuel & Weill, Pierre-Olivier, 2012. "Learning from private and public observations of othersʼ actions," Journal of Economic Theory, Elsevier, vol. 147(3), pages 910-940.
    22. Daron Acemoglu & Kostas Bimpikis & Asuman Ozdaglar, 2011. "Experimentation, Patents, and Innovation," American Economic Journal: Microeconomics, American Economic Association, vol. 3(1), pages 37-77, February.
    23. Florian Hoffmann & Roman Inderst & Sergey Turlo, 2018. "Regulating Cancellation Rights With Consumer Experimentation," CRC TR 224 Discussion Paper Series crctr224_2018_045, University of Bonn and University of Mannheim, Germany.
    24. Muendler, Marc-Andreas, 2005. "The Action Value of Information and the Natural Transparency Limit¤," University of California at San Diego, Economics Working Paper Series qt6qb079x5, Department of Economics, UC San Diego.
    25. Aubrey Clark & Giovanni Reggiani, 2021. "Contracts for acquiring information," Papers 2103.03911, arXiv.org.
    26. Hwang, Ilwoo, 2023. "Policy experimentation with repeated elections," Games and Economic Behavior, Elsevier, vol. 142(C), pages 623-644.
    27. Francisco Ruiz‐Aliseda & Jianjun Wu, 2012. "Irreversible Investment in Stochastically Cyclical Markets," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 21(3), pages 801-847, September.
    28. Muendler, Marc-Andreas, 2008. "Risk-neutral investors do not acquire information," Finance Research Letters, Elsevier, vol. 5(3), pages 156-161, September.
    29. Bruno Strulovici, 2008. "Learning while voting: determinants of collective experimentation," Economics Papers 2008-W08, Economics Group, Nuffield College, University of Oxford.
    30. Johannes Hörner & Nicolas Klein & Sven Rady, 2022. "Overcoming Free-Riding in Bandit Games," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 89(4), pages 1948-1992.
    31. Michel de Lara & Olivier Gossner, 2020. "Payoffs-Beliefs Duality and the Value of Information," Post-Print hal-01941006, HAL.
    32. Anastasios Dosis & Abhinay Muthoo, 2019. "Experimentation in Dynamic R&D Competition," Working Papers hal-02102518, HAL.
    33. Song, Yangbo & Zhao, Mofei, 2021. "Dynamic R&D competition under uncertainty and strategic disclosure," Journal of Economic Behavior & Organization, Elsevier, vol. 181(C), pages 169-210.
    34. Vladimir Novak & Tim Willems, 2018. "A Note on Optimal Experimentation under Risk Aversion," CERGE-EI Working Papers wp618, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    35. Carsten Hefeker & Michael Neugart, 2017. "Non-cooperative and Cooperative Policy Reforms under Uncertainty and Spillovers," Volkswirtschaftliche Diskussionsbeiträge 181-17, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht.
    36. Klein, Nicolas & Rady, Sven, 2008. "Negatively Correlated Bandits," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 243, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    37. Dinah Rosenberg & Eilon Solan & Nicolas Vieille, 2004. "Timing Games with Informational Externalities," Levine's Working Paper Archive 122247000000000704, David K. Levine.
    38. Caroline D. Thomas, 2021. "Strategic Experimentation with Congestion," American Economic Journal: Microeconomics, American Economic Association, vol. 13(1), pages 1-82, February.
    39. Eeckhout, Jan & Weng, Xi, 2015. "Common value experimentation," Journal of Economic Theory, Elsevier, vol. 160(C), pages 317-339.
    40. Weng, Xi, 2015. "Can learning cause shorter delays in reaching agreements?," Journal of Mathematical Economics, Elsevier, vol. 60(C), pages 49-62.
    41. Sorensen, Morten, 2007. "Learning by Investing: Evidence from Venture Capital," SIFR Research Report Series 53, Institute for Financial Research.
    42. Doruk Cetemen & Can Urgun & Leeat Yariv, 2023. "Collective Progress: Dynamics of Exit Waves," Journal of Political Economy, University of Chicago Press, vol. 131(9), pages 2402-2450.
    43. Marlats, Chantal & Ménager, Lucie, 2021. "Strategic observation with exponential bandits," Journal of Economic Theory, Elsevier, vol. 193(C).
    44. Rady, Sven & Keller, R Godfrey, 2009. "Strategic Experimentation with Poisson Bandits," CEPR Discussion Papers 7270, C.E.P.R. Discussion Papers.
    45. Heidhues, Paul & Rady, Sven & Strack, Philipp, 2015. "Strategic experimentation with private payoffs," Journal of Economic Theory, Elsevier, vol. 159(PA), pages 531-551.
    46. William F. Maloney & Andrés Zambrano, 2022. "Learning to learn: Experimentation, entrepreneurial capital, and development," Documentos CEDE 19940, Universidad de los Andes, Facultad de Economía, CEDE.
    47. Cetemen, Doruk & Hwang, Ilwoo & Kaya, Ayça, 2020. "Uncertainty-driven cooperation," Theoretical Economics, Econometric Society, vol. 15(3), July.
    48. Farzad Pourbabaee, 2022. "Robust experimentation in the continuous time bandit problem," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 73(1), pages 151-181, February.
    49. Boyan Jovanovic & Sai Ma, 2023. "Growth through learning," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 50, pages 211-234, October.
    50. Marc-Andreas Muendler, 2005. "Rational Information Choice in Financial Market Equilibrium," CESifo Working Paper Series 1436, CESifo.
    51. Simina Br^anzei & Yuval Peres, 2019. "Multiplayer Bandit Learning, from Competition to Cooperation," Papers 1908.01135, arXiv.org, revised Jan 2024.
    52. Swagata Bhattacharjee, 2019. "Dynamic Contracting for Innovation Under Ambiguity," Working Papers 15, Ashoka University, Department of Economics, revised 02 Aug 2019.
    53. Qianjun Lyu, 2024. "Optimal Refund Mechanism with Consumer Learning," Papers 2404.14927, arXiv.org.
    54. Francis Bloch & Simona Fabrizi & Steffen Lippert, 2015. "Learning and collusion in new markets with uncertain entry costs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 58(2), pages 273-303, February.
    55. Kaustav Das, 2014. "Strategic Experimentation with Competition and Private Arrival of Information," Discussion Papers 1404, University of Exeter, Department of Economics.
    56. Godfrey Keller & Sven Rady, 2019. "Undiscounted Bandit Games," CRC TR 224 Discussion Paper Series crctr224_2019_130, University of Bonn and University of Mannheim, Germany.
    57. Ozdenoren, Emre & Hoppe-Wewetzer, Heidrun C. & Katsenos, Georgios, 2019. "Experimentation, Learning, and Preemption," CEPR Discussion Papers 13483, C.E.P.R. Discussion Papers.
    58. Gabriele Gratton & Richard Holden & Anton Kolotilin, 2015. "Timing Information Flows," Discussion Papers 2015-16, School of Economics, The University of New South Wales.
    59. Daron Acemoglu & Asuman Ozdaglar & Sarath Pattathil, 2023. "Learning, Diversity and Adaptation in Changing Environments: The Role of Weak Links," NBER Working Papers 31214, National Bureau of Economic Research, Inc.
    60. Guo Bai, 2022. "Private Information Acquisition and Preemption: a Strategic Wald Problem," Papers 2207.02898, arXiv.org.
    61. Klein, Nicolas, 2010. "Strategic Learning in Teams," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 333, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    62. Can Urgun, 2021. "Restless Contracting," Working Papers 2021-88, Princeton University. Economics Department..
    63. Kostas Bimpikis & Shayan Ehsani & Mohamed Mostagir, 2019. "Designing Dynamic Contests," Operations Research, INFORMS, vol. 67(2), pages 339-356, March.
    64. John K. -H Quah & Bruno Strulovici, 2009. "Discounting and Patience in Optimal Stopping and Control Problems," Discussion Papers 1480, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    65. Osnat Zohar, 2019. "Boom-Bust Cycles of Learning, Investment and Disagreement," Bank of Israel Working Papers 2019.06, Bank of Israel.
    66. Duffy, John & Ralston, Jason, 2020. "Innovate versus imitate: Theory and experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 177(C), pages 727-751.
    67. Fahad Khalil & Jacques Lawarree & Alexander Rodivilov, 2018. "Learning from Failures: Optimal Contract for Experimentation and Production," CESifo Working Paper Series 7310, CESifo.
    68. Chia-Hui Chen & Junichiro Ishida, 2015. "Hierarchical Experimentation," ISER Discussion Paper 0949, Institute of Social and Economic Research, Osaka University.
    69. Wagner, Peter A., 2018. "Who goes first? Strategic delay under information asymmetry," Theoretical Economics, Econometric Society, vol. 13(1), January.
    70. Hikmet Gunay, 2008. "The role of externalities and information aggregation in market collapse," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 35(2), pages 367-379, May.
    71. Deimen, Inga & Wirtz, Julia, 2016. "A Bandit Model of Two-Dimensional Uncertainty -- Rationalizing Mindsets," VfS Annual Conference 2016 (Augsburg): Demographic Change 145931, Verein für Socialpolitik / German Economic Association.
    72. Sofia Moroni, 2016. "Experimentation in Organizations," Working Paper 5876, Department of Economics, University of Pittsburgh.
    73. Thomas Greve & Hans Keiding, 2023. "A model of privately funded public research," Journal of Economics, Springer, vol. 140(1), pages 63-91, September.
    74. Catherine Bobtcheff & Raphaël Levy, 2017. "More Haste, Less Speed? Signaling through Investment Timing," American Economic Journal: Microeconomics, American Economic Association, vol. 9(3), pages 148-186, August.
    75. Chia-Hui Chen & Junichiro Ishida & Wing Suen, 2019. "Reputation Concerns in Risky Experimentation," ISER Discussion Paper 1060r, Institute of Social and Economic Research, Osaka University, revised Aug 2020.
    76. Faruk Gul & Wolfgang Pesendorfer, 2012. "The War of Information," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 79(2), pages 707-734.
      • Gul, Faruk & Pesendorfer, Wolfgang, 2010. "The War of Information," Papers 9-13-2010, Princeton University, Research Program in Political Economy.
    77. Yeon-Koo Che & Konrad Mierendorff, 2018. "Optimal Dynamic Allocation of Attention," Papers 1812.06967, arXiv.org.
    78. Achim, Peter, 2024. "Innovation through competitive experimentation," Journal of Mathematical Economics, Elsevier, vol. 111(C).
    79. Stanton Hudja & Daniel Woods, 2024. "Exploration versus exploitation: A laboratory test of the single‐agent exponential bandit model," Economic Inquiry, Western Economic Association International, vol. 62(1), pages 267-286, January.
    80. Sergey Kovbasyuk & Giancarlo Spagnolo, 2021. "Memory And Markets," Working Papers w0284, New Economic School (NES).
    81. Wuggenig, Mirjam, 2015. "Learning faster or more precisely? Strategic experimentation in networks," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113196, Verein für Socialpolitik / German Economic Association.
    82. Gabriele Gratton & Richard Holden & Anton Kolotilin, 2018. "When to Drop a Bombshell," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 85(4), pages 2139-2172.
    83. Mira Frick & Yuhta Ishii, 2015. "Innovation Adoption by Forward-Looking Social Learners," Cowles Foundation Discussion Papers 1877, Cowles Foundation for Research in Economics, Yale University.
    84. Andrei Barbos, 2015. "Information Acquisition and Innovation under Competitive Pressure," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 24(2), pages 325-347, June.
    85. Yair Antler & Daniel Bird & Santiago Oliveros, 2023. "Sequential Learning," American Economic Journal: Microeconomics, American Economic Association, vol. 15(1), pages 399-433, February.
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    118. Christian Bayer & Alan Rendall & Klaus Wälde, 2018. "The Invariant Distribution of Wealth and Employment Status in a Small Open Economy with Precautionary Savings," Working Papers 1822, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz.
    119. Renee Bowen & Vincent Anesi, 2018. "Policy Experimentation, Redistribution and Voting Rules," NBER Working Papers 25033, National Bureau of Economic Research, Inc.
    120. Nicolas Klein & Tymofiy Mylovanov, 2011. "Should the Flatterers be Avoided?," 2011 Meeting Papers 1273, Society for Economic Dynamics.
    121. Nicolas KLEIN & Peter WAGNER, 2018. "Strategic Investment and Learning with Private Information," Cahiers de recherche 13-2018, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    122. Kaustav Das, 2013. "Strategic Experimentation with Heterogeneous Agents and Payoff Externalities," Discussion Papers 1315, University of Exeter, Department of Economics.
    123. Gomes, Renato & Gottlieb, Daniel & Maestri, Lucas, 2016. "Experimentation and project selection: Screening and learning," Games and Economic Behavior, Elsevier, vol. 96(C), pages 145-169.
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    125. Gustavo Manso & Farzad Pourbabaee, 2022. "The Impact of Connectivity on the Production and Diffusion of Knowledge," Papers 2202.00729, arXiv.org.
    126. Jeanine Miklós-Thal & Michael Raith & Matthew Selove, 2018. "What Are We Really Good At? Product Strategy with Uncertain Capabilities," Marketing Science, INFORMS, vol. 37(2), pages 294-309, March.
    127. Sadler, Evan, 2021. "Dead ends," Journal of Economic Theory, Elsevier, vol. 191(C).
    128. Weng, Xi, 2015. "Dynamic pricing in the presence of individual learning," Journal of Economic Theory, Elsevier, vol. 155(C), pages 262-299.
    129. Faruk Gul & Wolfgang Pesendorfer, 2007. "The War of Information," Levine's Bibliography 321307000000000921, UCLA Department of Economics.
    130. Jan Eeckhout & Xi Weng, 2022. "Assortative Learning," Economica, London School of Economics and Political Science, vol. 89(355), pages 647-688, July.
    131. Nicholas Wu, 2023. "Sharing Credit for Joint Research," Papers 2307.12104, arXiv.org, revised Apr 2024.
    132. Buera, Francisco & Primiceri, Giorgio & Monge-Naranjo, Alexander, 2010. "Learning the Wealth of Nations," CEPR Discussion Papers 8030, C.E.P.R. Discussion Papers.
    133. Cripps, Martin W. & Thomas, Caroline D., 2019. "Strategic experimentation in queues," Theoretical Economics, Econometric Society, vol. 14(2), May.
    134. Li Hao & Wing Suen, 2009. "Viewpoint: Decision-making in committees," Canadian Journal of Economics, Canadian Economics Association, vol. 42(2), pages 359-392, May.
    135. Drew Fudenberg & Kevin He, 2017. "Player-Compatible Learning and Player-Compatible Equilibrium," Papers 1712.08954, arXiv.org, revised May 2020.
    136. Xie, Yinxi & Xie, Yang, 2017. "Machiavellian experimentation," Journal of Comparative Economics, Elsevier, vol. 45(4), pages 685-711.
    137. Vasama, Suvi, 2016. "Unraveling of cooperation in dynamic collaboration," SFB 649 Discussion Papers 2016-048, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    138. Giampaolo Bonomi, 2023. "The Disagreement Dividend," Papers 2308.06607, arXiv.org, revised Jul 2024.
    139. Steven Callander & Bård Harstad, 2013. "Experimentation in Federal Systems," NBER Working Papers 19601, National Bureau of Economic Research, Inc.
    140. Mason, Robin & Välimäki, Juuso, 2011. "Learning about the arrival of sales," Journal of Economic Theory, Elsevier, vol. 146(4), pages 1699-1711, July.
    141. Farzad Pourbabaee, 2021. "Robust Experimentation in the Continuous Time Bandit Problem," Papers 2104.00102, arXiv.org.
    142. Rosenberg, Dinah & Solan, Eilon & Vieille, Nicolas, 2009. "Informational externalities and emergence of consensus," Games and Economic Behavior, Elsevier, vol. 66(2), pages 979-994, July.
    143. Johannes Hoelzemann & Nicolas Klein, 2021. "Bandits in the lab," Quantitative Economics, Econometric Society, vol. 12(3), pages 1021-1051, July.
    144. Svetlana Boyarchenko & Sergei Levendorskii, 2011. "Preemption Games under Levy Uncertainty," Department of Economics Working Papers 131101, The University of Texas at Austin, Department of Economics, revised Oct 2014.
    145. Thijssen, Jacco J.J. & Bregantini, Daniele, 2017. "Costly sequential experimentation and project valuation with an application to health technology assessment," Journal of Economic Dynamics and Control, Elsevier, vol. 77(C), pages 202-229.
    146. Alain Gabler & Markus Poschke, 2013. "Experimentation by Firms, Distortions, and Aggregate Productivity," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(1), pages 26-38, January.
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  12. Martin W. Cripps & Godfrey Keller & Sven Rady, 2002. "Strategic Experimentation: The Case of Poisson Bandits," CESifo Working Paper Series 737, CESifo.

    Cited by:

    1. Cartwright, Edward & Wooders, Myrna, 2003. "On Equilibrium in Pure Strategies in Games with Many Players," Economic Research Papers 269570, University of Warwick - Department of Economics.
    2. Krähmer, Daniel, 2003. "Learning and self-confidence in contests [Lernen und Selbstvertrauen in Wettkämpfen]," Discussion Papers, Research Unit: Market Processes and Governance SP II 2003-10, WZB Berlin Social Science Center.
    3. Lukach, R. & Plasmans, J.E.J., 2002. "Measuring Knowledge Spillovers using Patent Citations : Evidence from the Belgian Firm's Data," Other publications TiSEM d78bf59a-e0ff-4451-86b9-1, Tilburg University, School of Economics and Management.
    4. Dinah Rosenberg & Eilon Solan & Nicolas Vieille, 2004. "Timing Games with Informational Externalities," Levine's Working Paper Archive 122247000000000704, David K. Levine.
    5. Klaus WAELDE, 2002. "Capital accumulation in a model of growth and creative destruction," LIDAM Discussion Papers IRES 2002038, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    6. Dinah Rosenberg & Eilon Solan & Nicolas Vieille, 2004. "Social Learning in One-Arm Bandit Problems," Discussion Papers 1396, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    7. Bøg, Martin, 2006. "Whom to Observe?," MPRA Paper 8773, University Library of Munich, Germany, revised 14 May 2008.

  13. Francois Ortalo-Magne & Sven Rady, 2002. "Homeownership: Low Household Mobility, Volatile Housing Prices, High Income Dispersion," CESifo Working Paper Series 823, CESifo.

    Cited by:

    1. Josep Raya & Jaume Garcia, 2012. "Which Are the Real Determinants of Tenure? A Comparative Analysis of Different Models of the Tenure Choice of a House," Urban Studies, Urban Studies Journal Limited, vol. 49(16), pages 3645-3662, December.
    2. Todd Sinai & Nicholas S. Souleles, 2005. "Owner-Occupied Housing as a Hedge Against Rent Risk," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 120(2), pages 763-789.
    3. Thomas Grandner & Dieter Gstach, 2006. "Joint Adjustment of House Prices, Stock Prices and Output Towards Short‐run Equilibrium," Bulletin of Economic Research, Wiley Blackwell, vol. 58(1), pages 1-17, January.
    4. Saku Aura & Thomas Davidoff, 2005. "Optimal Commodity Taxation when Land and Structures must be Taxed at the Same Rate," CESifo Working Paper Series 1522, CESifo.
    5. Charles Ka-Yui Leung, 2004. "Macroeconomics and Housing: A Review of the Literature," Departmental Working Papers _164, Chinese University of Hong Kong, Department of Economics.
    6. Hanno Lustig & Stijn Van Nieuwerburgh, 2006. "Can Housing Collateral Explain Long-Run Swings in Asset Returns?," NBER Working Papers 12766, National Bureau of Economic Research, Inc.
    7. Qing Gao & Tianxiao Zhao, 2018. "The Influence of Home Buyer Sentiment on Chinese Housing Prices¡ª¡ª Based on Media Text Mining," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(9), pages 145-145, September.
    8. Sven Rady & Volker Rußig, 2004. "Fluctuations of the Real Estate Market: Microeconomic foundations and macroeconomic consequences," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 23.
    9. Harald Uhlig & Stefan Ried, 2009. "The Macroeconomics of Real Estate," 2009 Meeting Papers 429, Society for Economic Dynamics.

  14. Rady, Sven & Ortalo-Magné, François, 2002. "Homeownership," Discussion Papers in Economics 28, University of Munich, Department of Economics.

    Cited by:

    1. Saku Aura & Thomas Davidoff, 2005. "Optimal Commodity Taxation when Land and Structures must be Taxed at the Same Rate," CESifo Working Paper Series 1522, CESifo.
    2. Daniel Richards, 2004. "Price Discrimination and the Long Boom," Discussion Papers Series, Department of Economics, Tufts University 0419, Department of Economics, Tufts University.
    3. Stephen Coate, 2011. "Property Taxation, Zoning, and Efficiency: A Dynamic Analysis," NBER Working Papers 17145, National Bureau of Economic Research, Inc.

  15. Rady, Sven & Ortalo-Magné, François, 2001. "Housing Market Dynamics," Discussion Papers in Economics 20, University of Munich, Department of Economics.

    Cited by:

    1. John Y. Campbell & Joao F. Cocco, 2005. "How Do House Prices Affect Consumption? Evidence From Micro Data," Harvard Institute of Economic Research Working Papers 2083, Harvard - Institute of Economic Research.
    2. Gordon W. Crawford & Michael C. Fratantoni, 2003. "Assessing the Forecasting Performance of Regime‐Switching, ARIMA and GARCH Models of House Prices," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 31(2), pages 223-243, June.
    3. Jonathan Heathcote, 2003. "Housing and the Business Cycle," Working Papers gueconwpa~03-03-21, Georgetown University, Department of Economics.
    4. Yoshida, Jiro, 2007. "Technology Shocks and Asset Price Dynamics: The Role of Housing in General Equilibrium," MPRA Paper 6271, University Library of Munich, Germany.
    5. Joao Cocco & John Campbell, 2004. "Household Risk Management and Optimal Mortgage Choice," Econometric Society 2004 North American Winter Meetings 632, Econometric Society.
    6. Juan Ayuso & Fernando Restoy, 2003. "House prices and rents: an equilibrium asset pricing approach," Working Papers 0304, Banco de España.
    7. Jorge Martínez Pagés & Luis Ángel Maza, 2003. "Analysis of house prices in Spain," Working Papers 0307, Banco de España.
    8. Charles Himmelberg & Christopher Mayer & Todd Sinai, 2005. "Assessing High House Prices: Bubbles, Fundamentals and Misperceptions," Journal of Economic Perspectives, American Economic Association, vol. 19(4), pages 67-92, Fall.
    9. Juan Ayuso & Fernando Restoy, 2006. "House prices and rents in Spain: does the discount factor matter?," Working Papers 0609, Banco de España.
    10. Jin, Yi & Zeng, Zhixiong, 2004. "Residential investment and house prices in a multi-sector monetary business cycle model," Journal of Housing Economics, Elsevier, vol. 13(4), pages 268-286, December.
    11. Ayuso, Juan & Restoy, Fernando, 2006. "House prices and rents: An equilibrium asset pricing approach," Journal of Empirical Finance, Elsevier, vol. 13(3), pages 371-388, June.
    12. Caterina Mendicino, 2006. "Credit Market and Macroeconomic Volatility," 2006 Meeting Papers 317, Society for Economic Dynamics.
    13. Jeffrey Fisher & Dean Gatzlaff & David Geltner & Donald Haurin, 2004. "An Analysis of the Determinants of Transaction Frequency of Institutional Commercial Real Estate Investment Property," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 32(2), pages 239-264, June.
    14. Morris A. Davis, 2010. "housing and the business cycle," The New Palgrave Dictionary of Economics,, Palgrave Macmillan.
    15. Sven Rady & Volker Rußig, 2004. "Fluctuations of the Real Estate Market: Microeconomic foundations and macroeconomic consequences," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 23.
    16. Ortalo-Magne, Francois & Rady, Sven, 2004. "Housing transactions and macroeconomic fluctuations: a case study of England and Wales," Journal of Housing Economics, Elsevier, vol. 13(4), pages 287-303, December.
    17. Ivan Jaccard, 2007. "Real Estate Prices in Production Economies," 2007 Meeting Papers 645, Society for Economic Dynamics.
    18. Lee, Nai Jia & Ong, Seow Eng, 2005. "Upward mobility, house price volatility, and housing equity," Journal of Housing Economics, Elsevier, vol. 14(2), pages 127-146, June.

  16. Sven Rady & François Ortalo-Magné, 2001. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints," CESifo Working Paper Series 470, CESifo.

    Cited by:

    1. Bade, David & Castillo, Jose Gabriel & Fernandez, Mario Andres & Aguilar-Bohorquez, Joseph, 2020. "The price premium of heritage in the housing market: evidence from Auckland, New Zealand," Land Use Policy, Elsevier, vol. 99(C).
    2. Hoon Cho & Kyung-Hwan Kim & James Shilling, 2012. "Seemingly Irrational but Predictable Price Formation in Seoul’s Housing Market," The Journal of Real Estate Finance and Economics, Springer, vol. 44(4), pages 526-542, May.
    3. Geoff Willcocks, 2009. "UK Housing Market: Time Series Processes with Independent and Identically Distributed Residuals," The Journal of Real Estate Finance and Economics, Springer, vol. 39(4), pages 403-414, November.
    4. Don Schlagenhauf & Carlos Garriga, 2009. "The Design of Foreclosure Punishments: You Just Cannot Walk Away!," 2009 Meeting Papers 396, Society for Economic Dynamics.
    5. Li Gan & Qinghua Zhang, 2013. "Market Thickness and the Impact of Unemployment on Housing Market Outcomes," NBER Working Papers 19564, National Bureau of Economic Research, Inc.
    6. Jieying Li & Xin Zhang, 2018. "House Prices, Home Equity, and Personal Debt Composition," 2018 Meeting Papers 661, Society for Economic Dynamics.
    7. John Y. Campbell & Joao F. Cocco, 2005. "How Do House Prices Affect Consumption? Evidence From Micro Data," Harvard Institute of Economic Research Working Papers 2083, Harvard - Institute of Economic Research.
    8. Matthew Chambers & Carlos Garriga & Don E. Schlagenhauf, 2007. "Equilibrium mortgage choice and housing tenure decisions with refinancing," Working Papers 2007-049, Federal Reserve Bank of St. Louis.
    9. Elias Oikarinen, 2008. "Interaction between housing prices and household borrowing - the Finnish case," Discussion Papers 29, Aboa Centre for Economics.
    10. Carozzi, Felipe & Hilber, Christian A.L. & Yu, Xiaolun, 2024. "On the economic impacts of mortgage credit expansion policies: Evidence from help to buy," Journal of Urban Economics, Elsevier, vol. 139(C).
    11. Ngai, L. Rachel & Sheedy, Kevin D., 2023. "The Ins and Outs of Selling Houses: Understanding Housing-Market Volatility," IZA Discussion Papers 16603, Institute of Labor Economics (IZA).
    12. Aaron Hedlund, 2014. "Illiquidity and its Discontents: Trading Delays and Foreclosures in the Housing Market," Working Papers 1417, Department of Economics, University of Missouri.
    13. Charles Ka Yui Leung & Joe Cho Yiu Ng, 2018. "Macro Aspects of Housing," Globalization Institute Working Papers 340, Federal Reserve Bank of Dallas.
    14. Plamen Nenov & Espen Moen, 2014. "Buying First or Selling First? Buyer-Seller Decisions and Housing Market Volatility," 2014 Meeting Papers 471, Society for Economic Dynamics.
    15. de Wit, Erik R. & Englund, Peter & Francke, Marc K., 2013. "Price and transaction volume in the Dutch housing market," Regional Science and Urban Economics, Elsevier, vol. 43(2), pages 220-241.
    16. Danny Ben-Shahar & Jacob Warszawski, 2016. "Inequality in housing affordability: Measurement and estimation," Urban Studies, Urban Studies Journal Limited, vol. 53(6), pages 1178-1202, May.
    17. Andrew Coleman, 2010. "I Squeezed in and squeezed out: the effects of population ageing on the demand for housing," Working Papers 10_01, Motu Economic and Public Policy Research.
    18. Patrick Bayer & Robert McMillan & Alvin Murphy & Christopher Timmins, 2011. "A Dynamic Model of Demand for Houses and Neighborhoods," Working Papers 11-16, Duke University, Department of Economics.
    19. Kasper Kragh Balke & Markus Karlman & Karin Kinnerud, 2024. "Winners and Losers from Property Taxation," Working Papers 04/2024, Centre for Household Finance and Macroeconomic Research (HOFIMAR), BI Norwegian Business School.
    20. Tim Landvoigt & Stijn Van Nieuwerburgh & Vadim Elenev, 2015. "Phasing out the GSEs," 2015 Meeting Papers 977, Society for Economic Dynamics.
    21. Cho, Sang-Wook (Stanley), 2010. "Household wealth accumulation and portfolio choices in Korea," Journal of Housing Economics, Elsevier, vol. 19(1), pages 13-25, March.
    22. Elliot Anenberg & Daniel R. Ringo, 2019. "The Propagation of Demand Shocks Through Housing Markets," Finance and Economics Discussion Series 2019-084, Board of Governors of the Federal Reserve System (U.S.).
    23. Andrew Coleman, 2007. "Credit constraints and housing markets in New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP2007/11, Reserve Bank of New Zealand.
    24. Scott Fulford & Joanna Stavins, 2022. "Does getting a mortgage affect consumer credit use?," Review of Economics of the Household, Springer, vol. 20(3), pages 955-991, September.
    25. Edward Chi Ho Tang & Charles Ka Yui Leung, 2024. "Icing on the cake: Can the Top-Floor Units serve as a status good and an investment simultaneously?," ISER Discussion Paper 1252, Institute of Social and Economic Research, Osaka University.
    26. Olympia Bover & Jose Maria Casado & Sonia Costa & Philip Du Caju & Yvonne McCarthy & Eva Sierminska & Panagiota Tzamourani & Ernesto Villanueva & Tibor Zavadil, 2016. "The Distribution of Debt across Euro-Area Countries: The Role of Individual Characteristics, Institutions, and Credit Conditions," International Journal of Central Banking, International Journal of Central Banking, vol. 12(2), pages 71-128, June.
    27. López-Salido, J David & Arce, Oscar, 2008. "Housing Bubbles," CEPR Discussion Papers 6932, C.E.P.R. Discussion Papers.
    28. Oikarinen, Elias, 2008. "Interaction between Housing Prices and Household Borrowing in Finland," Discussion Papers 1145, The Research Institute of the Finnish Economy.
    29. Emmanuel De Veirman & Ashley Dunstan, 2010. "Debt dynamics and excess sensitivity of consumption to transitory wealth changes," Reserve Bank of New Zealand Discussion Paper Series DP2010/09, Reserve Bank of New Zealand.
    30. Ing-Haw Cheng & Sahil Raina & Wei Xiong, 2014. "Wall Street and the Housing Bubble," American Economic Review, American Economic Association, vol. 104(9), pages 2797-2829, September.
    31. Ivan Jaccard, 2010. "Asset Pricing and Housing Supply in a Production Economy," 2010 Meeting Papers 605, Society for Economic Dynamics.
    32. Gordon W. Crawford & Michael C. Fratantoni, 2003. "Assessing the Forecasting Performance of Regime‐Switching, ARIMA and GARCH Models of House Prices," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 31(2), pages 223-243, June.
    33. Bracke, Philippe & Tenreyro, Silvana, 2021. "History dependence in the housing market," LSE Research Online Documents on Economics 103079, London School of Economics and Political Science, LSE Library.
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    317. Alexander N. Bogin & William M. Doerner & William D. Larson, 2019. "Local House Price Paths: Accelerations, Declines, and Recoveries," The Journal of Real Estate Finance and Economics, Springer, vol. 58(2), pages 201-222, February.
    318. Karen E. Dynan & Donald L. Kohn, 2007. "The rise in U.S. household indebtedness: causes and consequences," Finance and Economics Discussion Series 2007-37, Board of Governors of the Federal Reserve System (U.S.).
    319. Chia, Wai-Mun & Li, Mengling & Tang, Yang, 2017. "Public and private housing markets dynamics in Singapore: The role of fundamentals," Journal of Housing Economics, Elsevier, vol. 36(C), pages 44-61.
    320. Elena G. Irwin, 2010. "New Directions For Urban Economic Models Of Land Use Change: Incorporating Spatial Dynamics And Heterogeneity," Journal of Regional Science, Wiley Blackwell, vol. 50(1), pages 65-91, February.
    321. Michael Ellington & Chris Florackis & Costas Milas, 2016. "Liquidity Shocks and Real GDP Growth: Evidence from a Bayesian Time-varying Parameter VAR," Working Paper series 16-28, Rimini Centre for Economic Analysis.
    322. Alter, Adrian & Mahoney, Elizabeth M., 2021. "Local house-price vulnerability: Evidence from the U.S. and Canada," Journal of Housing Economics, Elsevier, vol. 54(C).
    323. Hassink, Wolter & Zweerink, Jochem, 2021. "Housing careers and the Great Recession," Journal of Housing Economics, Elsevier, vol. 51(C).
    324. S. Avouyi-Dovi & C. Labonne & R. Lecat & S. Ray, 2017. "Insight from a Time-Varying VAR Model with Stochastic Volatility of the French Housing and Credit Markets," Working papers 620, Banque de France.
    325. Favara, Giovanni & Song, Zheng, 2014. "House price dynamics with dispersed information," Journal of Economic Theory, Elsevier, vol. 149(C), pages 350-382.
    326. Jung, Hosung & Lee, Jieun, 2017. "The effects of macroprudential policies on house prices: Evidence from an event study using Korean real transaction data," Journal of Financial Stability, Elsevier, vol. 31(C), pages 167-185.
    327. Yunho Cho & Shuyun May Li & Lawrence Uren, 2024. "Investment Housing Tax Concessions And Welfare: A Quantitative Study For Australia," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(2), pages 781-816, May.
    328. Akgündüz, Yusuf Emre & Dursun-de Neef, H. Özlem & Hacihasanoğlu, Yavuz Selim & Yılmaz, Fatih, 2023. "Cost of credit, mortgage demand and house prices," Journal of Banking & Finance, Elsevier, vol. 154(C).
    329. Damianov, Damian S & Escobari, Diego, 2015. "Long-Run Equilibrium Shift and Short-Run Dynamics of U.S. Home Price Tiers during the Housing Bubble," MPRA Paper 65765, University Library of Munich, Germany.
    330. Aaron Hedlund, 2018. "Credit Constraints, House Prices, and the Impact of Life Cycle Dynamics," Working Papers 1807, Department of Economics, University of Missouri.

  17. Rady, Sven & Keller, R Godfrey, 2001. "Price Dispersion and Learning in a Dynamic Differentiated-Goods Duopoly," CEPR Discussion Papers 2919, C.E.P.R. Discussion Papers.

    Cited by:

    1. Bonatti, Alessandro & Hörner, Johannes, 2017. "Learning to Disagree in a Game of Experimentation," TSE Working Papers 17-791, Toulouse School of Economics (TSE).
    2. Peitz, Martin & Rady, Sven & Trepper, Piers, 2017. "Experimentation in Two-Sided Markets," Munich Reprints in Economics 55039, University of Munich, Department of Economics.
    3. Ruiz-Aliseda, Francisco, 2009. "Misinformative advertising," IESE Research Papers D/809, IESE Business School.
    4. Godfrey Keller & Sven Rady & Martin Cripps, 2005. "Strategic Experimentation with Exponential Bandits," Econometrica, Econometric Society, vol. 73(1), pages 39-68, January.
    5. Godfrey Keller & Sven Rady, 2019. "Undiscounted Bandit Games," CRC TR 224 Discussion Paper Series crctr224_2019_130, University of Bonn and University of Mannheim, Germany.
    6. Keller, Godfrey & Rady, Sven, 2015. "Breakdowns," Theoretical Economics, Econometric Society, vol. 10(1), January.
    7. Moscarini, Giuseppe & Squintani, Francesco, 2010. "Competitive experimentation with private information: The survivor's curse," Journal of Economic Theory, Elsevier, vol. 145(2), pages 639-660, March.
    8. Ruben Geer & Arnoud V. Boer & Christopher Bayliss & Christine S. M. Currie & Andria Ellina & Malte Esders & Alwin Haensel & Xiao Lei & Kyle D. S. Maclean & Antonio Martinez-Sykora & Asbjørn Nilsen Ris, 2019. "Dynamic pricing and learning with competition: insights from the dynamic pricing challenge at the 2017 INFORMS RM & pricing conference," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 18(3), pages 185-203, June.
    9. Dan Bernhardt & Bart Taub, 2015. "Learning about common and private values in oligopoly," RAND Journal of Economics, RAND Corporation, vol. 46(1), pages 66-85, March.
    10. Dirk Bergemann & Juuso Valimaki, 2004. "Monopoly Pricing of Experience Goods," Cowles Foundation Discussion Papers 1463R, Cowles Foundation for Research in Economics, Yale University, revised May 2005.
    11. Vasama, Suvi, 2016. "Unraveling of cooperation in dynamic collaboration," SFB 649 Discussion Papers 2016-048, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    12. Ching-jen Sun, 2017. "Dynamic price dispersion in Bertrand–Edgeworth competition," International Journal of Game Theory, Springer;Game Theory Society, vol. 46(1), pages 235-261, March.
    13. Ruben van de Geer & Arnoud V. den Boer & Christopher Bayliss & Christine Currie & Andria Ellina & Malte Esders & Alwin Haensel & Xiao Lei & Kyle D. S. Maclean & Antonio Martinez-Sykora & Asbj{o}rn Nil, 2018. "Dynamic Pricing and Learning with Competition: Insights from the Dynamic Pricing Challenge at the 2017 INFORMS RM & Pricing Conference," Papers 1804.03219, arXiv.org.
    14. Miguel Angel Ropero, 2019. "Pricing Policies in a Market With Asymmetric Information and Non-Bayesian Firms," Annals of Economics and Finance, Society for AEF, vol. 20(2), pages 541-563, November.

  18. Rady, Sven & Hong, Harrison G, 2000. "Strategic Trading And Learning About Liquidity," CEPR Discussion Papers 2416, C.E.P.R. Discussion Papers.

    Cited by:

    1. Julia M. Puaschunder, 2023. "Finance Followership," RAIS Conference Proceedings 2022-2024 0249, Research Association for Interdisciplinary Studies.
    2. Nam, Jouahn & Wang, Jun & Zhang, Ge, 2008. "Strategic trading against retail investors with loss-aversion," International Review of Economics & Finance, Elsevier, vol. 17(1), pages 45-55.
    3. Acharya, Viral & Johnson, Tim, 2005. "Insider Trading in Credit Derivatives," CEPR Discussion Papers 5180, C.E.P.R. Discussion Papers.
    4. Marmora, Paul & Rytchkov, Oleg, 2018. "Learning about noise," Journal of Banking & Finance, Elsevier, vol. 89(C), pages 209-224.
    5. Mu-Shun Wang, 2022. "Shareholder Disputes and Commonality in Liquidity: Evidence from the Equity Markets in China," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 29(2), pages 291-325, June.

  19. Godfrey Keller & Sven Rady, 1999. "Market Experimentation in a Dynamic Differentiated-Goods Duopoly," STICERD - Theoretical Economics Paper Series 369, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.

    Cited by:

    1. Heski Bar-Isaac, 2001. "Self-Confidence and Survival," STICERD - Theoretical Economics Paper Series 428, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    2. Dirk Bergemann & Juuso Valimaki, 2000. "Entry and Vertical Differentiation," Cowles Foundation Discussion Papers 1277, Cowles Foundation for Research in Economics, Yale University.
    3. Dirk Bergemann & Juuso Valimaki, 1999. "Entry and Innovation in Vertically Differentiated Markets," Cowles Foundation Discussion Papers 1226, Cowles Foundation for Research in Economics, Yale University.

  20. Ortalo-Magné, François & Rady, Sven, 1998. "Housing market fluctuations in a life-cycle economy with credit constraints," LSE Research Online Documents on Economics 119143, London School of Economics and Political Science, LSE Library.

    Cited by:

    1. Basant K. Kapur, 2016. "Another Look At Price Instability And Consumer Well-Being: Nondurable And Durable (Housing) Markets," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(02), pages 1-9, June.
    2. Charles Ka-yui Leung & Dandan Feng, 2004. "Testing Alternative Theories of Property Price-Trading Volume with Commercial Real Estate Market Data," Departmental Working Papers _159, Chinese University of Hong Kong, Department of Economics.
    3. Andrew Coleman, 2010. "I Squeezed in and squeezed out: the effects of population ageing on the demand for housing," Working Papers 10_01, Motu Economic and Public Policy Research.
    4. Cho, Sang-Wook (Stanley), 2010. "Household wealth accumulation and portfolio choices in Korea," Journal of Housing Economics, Elsevier, vol. 19(1), pages 13-25, March.
    5. Andrew Coleman, 2007. "Credit constraints and housing markets in New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP2007/11, Reserve Bank of New Zealand.
    6. Hamidreza Rabiei-Dastjerdi & Gavin McArdle, 2021. "Novel Exploratory Spatiotemporal Analysis to Identify Sociospatial Patterns at Small Areas Using Property Transaction Data in Dublin," Land, MDPI, vol. 10(6), pages 1-16, May.
    7. Sven Rady & François Ortalo-Magné, 2001. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints," CESifo Working Paper Series 470, CESifo.
    8. Scott, A. & Uhlig, H.F.H.V.S., 1998. "Fickle Investors : An Impediment to Growth?," Other publications TiSEM f177cd30-1268-410e-b52b-d, Tilburg University, School of Economics and Management.
    9. Ortalo-Magne, Francois & Rady, Sven, 1999. "Boom in, bust out: Young households and the housing price cycle," European Economic Review, Elsevier, vol. 43(4-6), pages 755-766, April.
    10. Maria Concetta Chiuri & Tullio Jappelli, 2000. "Financial Market Imperfections and Home Ownership: A Comparative Study," CSEF Working Papers 44, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 01 Dec 2000.
    11. David Genesove & Christopher Mayer, "undated". "Loss Aversion and Seller Behavior: Evidence from the Housing Market," Zell/Lurie Center Working Papers 323, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania.
    12. Nátaly Andrea Ortiz Galindo & Nelson Manolo Chávez Muñoz, 2013. "Demanda de vivienda nueva no vis en las tres principales ciudades de Colombia," Dimensión Empresarial, Universidad Autónoma del Caribe, June.
    13. Fratantoni, Michael & Schuh, Scott, 2003. "Monetary Policy, Housing, and Heterogeneous Regional Markets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 35(4), pages 557-589, August.
    14. Fracois Ortalo-Magne & Sven Rady, 2000. "Why are Housing Prices so Volatile? Income Shocks in a Stochastic Heterogeneous-Agents Model," Econometric Society World Congress 2000 Contributed Papers 1352, Econometric Society.
    15. Cho, Sang-Wook (Stanley), 2012. "Accounting For Life-Cycle Wealth Accumulation: The Role Of Housing Institution," Macroeconomic Dynamics, Cambridge University Press, vol. 16(4), pages 493-517, September.
    16. Pacheco, Luis, 2008. "Asset Prices in Monetary Policy Rules: Should they stay or should they go?," Working Papers 4/2008, Universidade Portucalense, Centro de Investigação em Gestão e Economia (CIGE).
    17. Charles Ka Yui Leung & Nan-Kuang Chen, 2006. "Intrinsic Cycles of Land Price: A Simple Model," Journal of Real Estate Research, American Real Estate Society, vol. 28(3), pages 293-320.
    18. Charles Ka-Yui Leung, 2004. "Macroeconomics and Housing: A Review of the Literature," Departmental Working Papers _164, Chinese University of Hong Kong, Department of Economics.
    19. Joseph Nichols, 2004. "A Life-cycle Model with Housing, Portfolio Allocation, and Mortgage Financing," Econometric Society 2004 North American Winter Meetings 205, Econometric Society.
    20. Marcela Cristini & Ramiro Moya & Guillermo Bermudez, 2011. "Argentina`s Housing Market in the 2000s," Research Department Publications 4733, Inter-American Development Bank, Research Department.
    21. Joseph B. Nichols, 2007. "Nominal mortgage contracts and the effects of inflation on portfolio allocation," Finance and Economics Discussion Series 2007-67, Board of Governors of the Federal Reserve System (U.S.).
    22. Margaret H. Smith & Gary Smith, 2007. "Homeownership In An Uncertain World With Substantial Transaction Costs," Journal of Regional Science, Wiley Blackwell, vol. 47(5), pages 881-896, December.
    23. Cristini, Marcela & Moya, Ramiro & Bermúdez, Guillermo, 2011. "Argentina's Housing Market in the 2000s," IDB Publications (Working Papers) 3421, Inter-American Development Bank.
    24. Andrew Coleman, 2008. "Tax, Credit Constraints, and the Big Costs of Small Inflation," Working Papers 08_14, Motu Economic and Public Policy Research.
    25. Yuval Arbel & Danny Ben-Shahar & Eyal Sulganik, 2009. "Mean Reversion and Momentum: Another Look at the Price-Volume Correlation in the Real Estate Market," The Journal of Real Estate Finance and Economics, Springer, vol. 39(3), pages 316-335, October.
    26. Basant Kapur, 2006. "Financial liberalization and short-run housing price dynamics," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(3), pages 649-675, November.
    27. Sven Rady & Volker Rußig, 2004. "Fluctuations of the Real Estate Market: Microeconomic foundations and macroeconomic consequences," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 23.
    28. Cerutti, Eugenio & Dagher, Jihad & Dell'Ariccia, Giovanni, 2017. "Housing finance and real-estate booms: A cross-country perspective," Journal of Housing Economics, Elsevier, vol. 38(C), pages 1-13.
    29. Nan-Kuang Chen & Han-Liang Cheng & Ching-Sheng Mao, 2011. "House Price, Mortgage Premium, and Business Fluctuations," Working Papers 192011, Hong Kong Institute for Monetary Research.
    30. Gary Engelhardt, 2001. "Nominal Loss Aversion, Housing Equity Constraints, and Household Mobility: Evidence from the United States," Center for Policy Research Working Papers 42, Center for Policy Research, Maxwell School, Syracuse University.
    31. Charles Leung & Dandan Feng, 2005. "What Drives the Property Price-Trading Volume Correlation? Evidence from a Commercial Real Estate Market," The Journal of Real Estate Finance and Economics, Springer, vol. 31(2), pages 241-255, September.
    32. Michael Fratantoni & Scott Schuh, 2000. "Monetary policy, housing investment, and heterogeneous regional markets," Working Papers 00-1, Federal Reserve Bank of Boston.

  21. Ortalo-Magné, François & Rady, Sven, 1998. "Boom in, bust out: young households and the housing price cycle," LSE Research Online Documents on Economics 119134, London School of Economics and Political Science, LSE Library.

    Cited by:

    1. Carozzi, Felipe & Hilber, Christian A.L. & Yu, Xiaolun, 2024. "On the economic impacts of mortgage credit expansion policies: Evidence from help to buy," Journal of Urban Economics, Elsevier, vol. 139(C).
    2. Eva Sierminska & Alena Bic kov, 2007. "Homeownership Inequality and the Access to Credit Markets. Can Credit Availability Explain Cross-country Differences in the Inequality of Homeownership across Income of Young Households?," LWS Working papers 5, LIS Cross-National Data Center in Luxembourg.
    3. de Wit, Erik R. & Englund, Peter & Francke, Marc K., 2013. "Price and transaction volume in the Dutch housing market," Regional Science and Urban Economics, Elsevier, vol. 43(2), pages 220-241.
    4. Charles Ka-yui Leung & Dandan Feng, 2004. "Testing Alternative Theories of Property Price-Trading Volume with Commercial Real Estate Market Data," Departmental Working Papers _159, Chinese University of Hong Kong, Department of Economics.
    5. Kim, Kyung-Hwan, 2004. "Housing and the Korean economy," Journal of Housing Economics, Elsevier, vol. 13(4), pages 321-341, December.
    6. Olympia Bover & Jose Maria Casado & Sonia Costa & Philip Du Caju & Yvonne McCarthy & Eva Sierminska & Panagiota Tzamourani & Ernesto Villanueva & Tibor Zavadil, 2016. "The Distribution of Debt across Euro-Area Countries: The Role of Individual Characteristics, Institutions, and Credit Conditions," International Journal of Central Banking, International Journal of Central Banking, vol. 12(2), pages 71-128, June.
    7. Luengo Prado, María José, 2006. "On the user cost and homeownership," UC3M Working papers. Economics we065421, Universidad Carlos III de Madrid. Departamento de Economía.
    8. Sven Rady & François Ortalo-Magné, 2001. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints," CESifo Working Paper Series 470, CESifo.
    9. Trond-Arne Borgersen & Anne Wenche Emblem, 2022. "Mortgage Market Induced Booms and Busts in the Housing Market in a Modified DiPasquale-Wheaton Model," International Real Estate Review, Global Social Science Institute, vol. 25(3), pages 281-306.
    10. Roberto Dieci & Frank Westerhoff, 2012. "A simple model of a speculative housing market," Journal of Evolutionary Economics, Springer, vol. 22(2), pages 303-329, April.
    11. Rady, Sven & Ortalo-Magné, François, 2002. "Homeownership," Discussion Papers in Economics 28, University of Munich, Department of Economics.
    12. Erik Robert de Carrillo & William Larson, 2012. "Can housing liquidity help forecast subsequent house price appreciation: Evidence from the US and the Netherlands," ERES eres2012_174, European Real Estate Society (ERES).
    13. Galvao Jr, A. F. & Montes-Rojas, G. & Park, S. Y., 2009. "Quantile autoregressive distributed lag model with an application to house price returns," Working Papers 09/04, Department of Economics, City University London.
    14. François Ortalo-Magné & Sven Rady, "undated". "Homeownership: Volatile Housing Prices, Low Labor Mobility and High Income Dispersion," Wisconsin-Madison CULER working papers 02-04, University of Wisconsin Center for Urban Land Economic Research.
    15. Maria Concetta Chiuri & Tullio Jappelli, 2006. "Do the elderly reduce housing equity? An international comparison," CSEF Working Papers 158, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    16. Daniel K. Fetter, 2013. "How Do Mortgage Subsidies Affect Home Ownership? Evidence from the Mid-century GI Bills," American Economic Journal: Economic Policy, American Economic Association, vol. 5(2), pages 111-147, May.
    17. Fracois Ortalo-Magne & Sven Rady, 2000. "Why are Housing Prices so Volatile? Income Shocks in a Stochastic Heterogeneous-Agents Model," Econometric Society World Congress 2000 Contributed Papers 1352, Econometric Society.
    18. Christian L. Redfearn, 2007. "Urban Complexity & Parameter Instability: Assessing Amenity Capitalization in the Presence of External Heterogeneity," Working Paper 8563, USC Lusk Center for Real Estate.
    19. Popov, Alexander & Laeven, Luc, 2016. "Waking up from the American dream: on the experience of young Americans during the housing boom of the 2000s," Working Paper Series 1910, European Central Bank.
    20. Yuan Cheng & Xuehui Han, 2013. "Does large volatility help?—stochastic population forecasting technology in explaining real estate price process," Journal of Population Economics, Springer;European Society for Population Economics, vol. 26(1), pages 323-356, January.
    21. Xiaoqing Zhou, 2018. "Home Equity Extraction and the Boom-Bust Cycle in Consumption and Residential Investment," Staff Working Papers 18-6, Bank of Canada.
    22. Mark Andrew, 2012. "The Changing Route to Owner-occupation: The Impact of Borrowing Constraints on Young Adult Homeownership Transitions in Britain in the 1990s," Urban Studies, Urban Studies Journal Limited, vol. 49(8), pages 1659-1678, June.
    23. Sebastián Auguste & Ricardo N. Bebczuk & Ramiro Moya, 2011. "The Demand for Mortgages under Macro Volatility: The Argentine Case," Research Department Publications 4751, Inter-American Development Bank, Research Department.
    24. Orrego, Fabrizio, 2014. "Precios de viviendas en Lima," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 28, pages 47-59.
    25. Nan-Kuang Chen & Charles Leung, 2008. "Asset Price Spillover, Collateral and Crises: with an Application to Property Market Policy," The Journal of Real Estate Finance and Economics, Springer, vol. 37(4), pages 351-385, November.
    26. Sven Rady, 1998. "Housing Market Fluctuations in a Life-Cycle Economy with Credit Constraints," FMG Discussion Papers dp296, Financial Markets Group.
    27. Iacoviello, Matteo, 2000. "House prices and the macroeconomy in Europe: Results from a structural var analysis," Working Paper Series 18, European Central Bank.
    28. Monika Piazzesi & Martin Schneider, 2016. "Housing and Macroeconomics," NBER Working Papers 22354, National Bureau of Economic Research, Inc.
    29. Eerola Essi & Määttänen Niku, 2012. "Borrowing Constraints and House Price Dynamics: The Case of Large Shocks," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 16(3), pages 1-36, September.
    30. Oikarinen, Elias, 2012. "Empirical evidence on the reaction speeds of housing prices and sales to demand shocks," Journal of Housing Economics, Elsevier, vol. 21(1), pages 41-54.
    31. Kamhon Kan & Sunny Kai-sun Kwong & Charles Ka-yui Leung, 2002. "The Dynamics and Volatility of Commercial and Residential Property Prices: Theory and Evidence," Departmental Working Papers _147, Chinese University of Hong Kong, Department of Economics.
    32. Thomas Grandner & Dieter Gstach, 2006. "Joint Adjustment of House Prices, Stock Prices and Output Towards Short‐run Equilibrium," Bulletin of Economic Research, Wiley Blackwell, vol. 58(1), pages 1-17, January.
    33. Aaron Hedlund, 2018. "Down Payments and the Homeownership Dream: Not Such a Barrier After All?," Working Papers 1806, Department of Economics, University of Missouri.
    34. Balazs Egert & Dubravko Mihaljek, 2007. "Determinants of House Prices in Central and Eastern Europe," William Davidson Institute Working Papers Series wp894, William Davidson Institute at the University of Michigan.
    35. Eichenbaum, Martin & Rebelo, Sérgio & Burnside, Craig, 2011. "Understanding Booms and Busts in Housing Markets," CEPR Discussion Papers 8232, C.E.P.R. Discussion Papers.
    36. Andrew Benito, 2006. "How does the down-payment constraint affect the UK housing market?," Bank of England working papers 294, Bank of England.
    37. Iacoviello, Matteo & Minetti, Raoul, 2008. "The credit channel of monetary policy: Evidence from the housing market," Journal of Macroeconomics, Elsevier, vol. 30(1), pages 69-96, March.
    38. Charles Ka-Yui Leung, 2004. "Macroeconomics and Housing: A Review of the Literature," Departmental Working Papers _164, Chinese University of Hong Kong, Department of Economics.
    39. Paul E. Carrillo & Erik Robert De Wit & William D. Larson, 2012. "Can Tightness in the Housing Market Help Predict Subsequent Home Price Appreciation? Evidence from the U.S. and the Netherlands," Working Papers 2012-11, The George Washington University, Institute for International Economic Policy.
    40. Laura Berger-Thomson & Luci Ellis, 2004. "Housing Construction Cycles and Interest Rates," RBA Research Discussion Papers rdp2004-08, Reserve Bank of Australia.
    41. Arno Vlist & Daniel Czamanski & Henk Folmer, 2011. "Immigration and urban housing market dynamics: the case of Haifa," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 47(3), pages 585-598, December.
    42. Singh, Bhupal, 2023. "Housing prices and macroprudential policies: Evidence from microdata," Economic Systems, Elsevier, vol. 47(1).
    43. Charles Himmelberg & Christopher Mayer & Todd Sinai, 2005. "Assessing High House Prices: Bubbles, Fundamentals and Misperceptions," Journal of Economic Perspectives, American Economic Association, vol. 19(4), pages 67-92, Fall.
    44. Felipe Carozzi, 2015. "Credit Constraints and the Composition of Housing Sales. Farewell to First-Time Buyers?," SERC Discussion Papers 0183, Centre for Economic Performance, LSE.
    45. Hubbard R. Glenn & Mayer Christopher J, 2009. "The Mortgage Market Meltdown and House Prices," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(3), pages 1-47, March.
    46. McCarthy, Yvonne & McQuinn, Kieran, 2017. "Credit conditions in a boom and bust property market: Insights for macro-prudential policy," The Quarterly Review of Economics and Finance, Elsevier, vol. 64(C), pages 171-182.
    47. Benito, Andrew, 2006. "The down-payment constraint and UK housing market: Does the theory fit the facts?," Journal of Housing Economics, Elsevier, vol. 15(1), pages 1-20, March.
    48. Jie Chen & Zan Yang, 2017. "What do young adults on the edges of homeownership look like in big cities in an emerging economy: Evidence from Shanghai," Urban Studies, Urban Studies Journal Limited, vol. 54(10), pages 2322-2341, August.
    49. Kajuth, Florian, 2010. "The role of liquidity constraints in the response of monetary policy to house prices," Journal of Financial Stability, Elsevier, vol. 6(4), pages 230-242, December.
    50. Matthew Spiegel, 1999. "Housing Return And Construction Cycles," Yale School of Management Working Papers ysm114, Yale School of Management, revised 01 Mar 2001.
    51. Ott, Hervé, 2014. "Will euro area house prices sharply decrease?," Economic Modelling, Elsevier, vol. 42(C), pages 116-127.
    52. A. Talha Yalta, 2011. "A Model of Down Payment Saving," Working Papers 1101, TOBB University of Economics and Technology, Department of Economics.
    53. Eerola, Essi & Määttänen, Niku, 2008. "On the importance of borrowing constraints for house price dynamics," Bank of Finland Research Discussion Papers 8/2008, Bank of Finland.
    54. Peter Neuteboom & Dirk Brounen, 2011. "Assessing the Accessibility of the Homeownership Market," Urban Studies, Urban Studies Journal Limited, vol. 48(11), pages 2231-2248, August.
    55. Martijn I. Dröes & Marc K. Francke, 2018. "What Causes the Positive Price-Turnover Correlation in European Housing Markets?," The Journal of Real Estate Finance and Economics, Springer, vol. 57(4), pages 618-646, November.
    56. Chen, Chien-Liang & Kuan, Chung-Ming & Lin, Chu-Chia, 2007. "Saving and housing of Taiwanese households: New evidence from quantile regression analyses," Journal of Housing Economics, Elsevier, vol. 16(2), pages 102-126, June.
    57. Serena Trucchi, 2011. "How credit markets affect homeownership: an explanation based on differences between Italian regions," CeRP Working Papers 122, Center for Research on Pensions and Welfare Policies, Turin (Italy).
    58. 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.
    59. Marcel Fischer & Natalia Khorunzhina, 2019. "Housing Decision With Divorce Risk," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 60(3), pages 1263-1290, August.
    60. Charles Ka Yui Leung & Youngman Chun Fai Leong & Siu Kei Wong, 2005. "Housing Price Dispersion: an empirical investigation," Discussion Papers 00012, Chinese University of Hong Kong, Department of Economics.
    61. Fabian Lindner, 2013. "The Housing Wealth Effect on Consumption Reconsidered," IMK Working Paper 115-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    62. Maier, Thomas, 2007. "House Price Dynamics and Traffic Mode Choice:," Munich Dissertations in Economics 6503, University of Munich, Department of Economics.
    63. Sven Rady & Volker Rußig, 2004. "Fluctuations of the Real Estate Market: Microeconomic foundations and macroeconomic consequences," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 23.
    64. Gregory E. Elliehausen & Min Hwang, 2010. "Mortgage contract choice in subprime mortgage markets," Finance and Economics Discussion Series 2010-53, Board of Governors of the Federal Reserve System (U.S.).
    65. Wen, Xing-Chun & He, Ling-Yun, 2015. "Housing demand or money supply? A new Keynesian dynamic stochastic general equilibrium model on China’s housing market fluctuations," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 432(C), pages 257-268.
    66. Ortalo-Magné, François & Rady, Sven, 2005. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints (Revised Version)," Discussion Papers in Economics 494, University of Munich, Department of Economics.
    67. Cecilia Enström Öst, 2012. "Parental Wealth and First-time Homeownership: A Cohort Study of Family Background and Young Adults’ Housing Situation in Sweden," Urban Studies, Urban Studies Journal Limited, vol. 49(10), pages 2137-2152, August.
    68. David Byrne & David Duffy & John FitzGerald, 2018. "Household Formation and Tenure Choice: Did the Great Irish Housing Bust Alter Consumer Behaviour?," The Economic and Social Review, Economic and Social Studies, vol. 49(3), pages 287-317.
    69. Karin Wagner, 2014. "Intergenerational Transmission: How Strong Is the Effect of Parental Homeownership? Results of a Survey on Households in Austria," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 49-64.
    70. Cerutti, Eugenio & Dagher, Jihad & Dell'Ariccia, Giovanni, 2017. "Housing finance and real-estate booms: A cross-country perspective," Journal of Housing Economics, Elsevier, vol. 38(C), pages 1-13.
    71. Luci Ellis, 2005. "Disinflation and the dynamics of mortgage debt," BIS Papers chapters, in: Bank for International Settlements (ed.), Investigating the relationship between the financial and real economy, volume 22, pages 5-20, Bank for International Settlements.
    72. Francois Ortalo-Magne & Sven Rady, 2002. "Homeownership: Low Household Mobility, Volatile Housing Prices, High Income Dispersion," CESifo Working Paper Series 823, CESifo.
    73. Nan-Kuang Chen & Han-Liang Cheng & Ching-Sheng Mao, 2011. "House Price, Mortgage Premium, and Business Fluctuations," Working Papers 192011, Hong Kong Institute for Monetary Research.
    74. Carozzi, Felipe, 2020. "Credit constraints and the composition of housing sales. Farewell to first-time buyers?," LSE Research Online Documents on Economics 91193, London School of Economics and Political Science, LSE Library.
    75. Catarina Figueira & John Glen & Joseph Nellis, 2005. "A Dynamic Analysis of Mortgage Arrears in the UK Housing Market," Urban/Regional 0509006, University Library of Munich, Germany.
    76. Dag Einar Sommervoll, 2007. "Counterintuitive response to tax incentives? Mortgage interest deductions and the demand for debt," Discussion Papers 492, Statistics Norway, Research Department.
    77. Redfearn, Christian L., 2009. "How informative are average effects? Hedonic regression and amenity capitalization in complex urban housing markets," Regional Science and Urban Economics, Elsevier, vol. 39(3), pages 297-306, May.
    78. Matthew Spiegel, 1999. "Housing Return And Construction Cycles," Yale School of Management Working Papers ysm114, Yale School of Management, revised 01 Mar 2001.
    79. Zhou, Qian & Shao, Qinglong & Zhang, Xiaoling & Chen, Jie, 2020. "Do housing prices promote total factor productivity? Evidence from spatial panel data models in explaining the mediating role of population density," Land Use Policy, Elsevier, vol. 91(C).
    80. Catarina Figueira & John Glen & Joseph Nellis, 2005. "A Dynamic Analysis of Mortgage Arrears in the UK Housing Market," Urban Studies, Urban Studies Journal Limited, vol. 42(10), pages 1755-1769, September.
    81. Carozzi, Felipe, 2015. "Credit constraints and the composition of housing sales. Farewell to first-time buyers?," LSE Research Online Documents on Economics 65016, London School of Economics and Political Science, LSE Library.
    82. Ortalo-Magne, Francois & Rady, Sven, 2002. "Tenure choice and the riskiness of non-housing consumption," Journal of Housing Economics, Elsevier, vol. 11(3), pages 266-279, September.
    83. Charles Leung & Dandan Feng, 2005. "What Drives the Property Price-Trading Volume Correlation? Evidence from a Commercial Real Estate Market," The Journal of Real Estate Finance and Economics, Springer, vol. 31(2), pages 241-255, September.
    84. Damianov, Damian S & Escobari, Diego, 2015. "Long-Run Equilibrium Shift and Short-Run Dynamics of U.S. Home Price Tiers during the Housing Bubble," MPRA Paper 65765, University Library of Munich, Germany.
    85. Mark Andrew, 2004. "A Permanent Change in the Route to Owner Occupation?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 51(1), pages 24-48, February.

  22. Godfrey Keller & Sven Rady, 1997. "Optimal Experimentation in a Changing Environment," STICERD - Theoretical Economics Paper Series 333, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.

    Cited by:

    1. Squintani, Francesco & Valimaki, Juuso, 2002. "Imitation and Experimentation in Changing Contests," Journal of Economic Theory, Elsevier, vol. 104(2), pages 376-404, June.
    2. Giovanni Gatti Pinheiro & Thomas Fiig & Michael D. Wittman & Michael Defoin-Platel & Riccardo D. Jadanza, 2022. "Demand change detection in airline revenue management," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 21(6), pages 581-595, December.
    3. Peitz, Martin & Rady, Sven & Trepper, Piers, 2017. "Experimentation in Two-Sided Markets," Munich Reprints in Economics 55039, University of Munich, Department of Economics.
    4. Ruiz-Aliseda, Francisco, 2009. "Misinformative advertising," IESE Research Papers D/809, IESE Business School.
    5. Isabelle Brocas & Juan D. Carrillo, 2005. "Biases in Perceptions, Beliefs and Behavior," Levine's Bibliography 172782000000000063, UCLA Department of Economics.
    6. Wirl, Franz, 2008. "Why do oil prices jump (or fall)?," Energy Policy, Elsevier, vol. 36(3), pages 1029-1043, March.
    7. Michel de Lara & Olivier Gossner, 2020. "Payoffs-Beliefs Duality and the Value of Information," Post-Print hal-01941006, HAL.
    8. Harju, Jarkko & Kosonen, Tuomas & Skans, Oskar Nordström, 2018. "Firm types, price-setting strategies, and consumption-tax incidence," Journal of Public Economics, Elsevier, vol. 165(C), pages 48-72.
    9. Philipp Afèche & Barış Ata, 2013. "Bayesian Dynamic Pricing in Queueing Systems with Unknown Delay Cost Characteristics," Manufacturing & Service Operations Management, INFORMS, vol. 15(2), pages 292-304, May.
    10. Dinah Rosenberg & Eilon Solan & Nicolas Vieille, 2004. "Timing Games with Informational Externalities," Levine's Working Paper Archive 122247000000000704, David K. Levine.
    11. H. Dharma Kwon & Steven A. Lippman, 2019. "Acquisition of Project-Specific Assets with Bayesian Updating," Papers 1901.04120, arXiv.org.
    12. Eeckhout, Jan & Weng, Xi, 2015. "Common value experimentation," Journal of Economic Theory, Elsevier, vol. 160(C), pages 317-339.
    13. Dirk Bergemann & Juuso Valimaki, 1999. "Experimentation in Markets," Cowles Foundation Discussion Papers 1214, Cowles Foundation for Research in Economics, Yale University.
    14. Jason Delaney & Sarah Jacobson & Thorsten Moenig, 2019. "Preference Discovery," Department of Economics Working Papers 2019-08, Department of Economics, Williams College, revised Jul 2019.
    15. Giuseppe Moscarini & Lones Smith, 1998. "Wald Revisited: The Optimal Level of Experimentation," Working papers 98-4, Massachusetts Institute of Technology (MIT), Department of Economics.
    16. Farzad Pourbabaee, 2022. "Robust experimentation in the continuous time bandit problem," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 73(1), pages 151-181, February.
    17. Rauch, J E & Watson, Joel, 1999. "Starting Small in an Unfamiliar Environment," University of California at San Diego, Economics Working Paper Series qt4rp145hc, Department of Economics, UC San Diego.
    18. Volker Wieland, "undated". "Monetary Policy and Uncertainty about the Natural Unemployment Rate," Computing in Economics and Finance 1997 11, Society for Computational Economics.
    19. Antony Millner & Hélène Ollivier & Leo Simon, 2014. "Policy experimentation, political competition, and heterogeneous beliefs," Post-Print hal-01308618, HAL.
    20. Raffaele Morandi Stagni & Andrea Fosfuri & Juan Santaló, 2021. "A bird in the hand is worth two in the bush: Technology search strategies and competition due to import penetration," Strategic Management Journal, Wiley Blackwell, vol. 42(8), pages 1516-1544, August.
    21. Francis Bloch & Simona Fabrizi & Steffen Lippert, 2015. "Learning and collusion in new markets with uncertain entry costs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 58(2), pages 273-303, February.
    22. Ola Bengtsson & Dan Bernhardt, 2014. "Different Problem, Same Solution: Contract‐Specialization in Venture Capital," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 23(2), pages 396-426, June.
    23. Godfrey Keller & Sven Rady, 2019. "Undiscounted Bandit Games," CRC TR 224 Discussion Paper Series crctr224_2019_130, University of Bonn and University of Mannheim, Germany.
    24. Taub, B., 2023. "Signal-jamming in the frequency domain," Games and Economic Behavior, Elsevier, vol. 142(C), pages 896-930.
    25. Marco Ottaviani & Giuseppe Moscarini & Lones Smith, 1998. "Social learning in a changing world," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 11(3), pages 657-665.
    26. Heski Bar-Isaac, 2001. "Self-Confidence and Survival," STICERD - Theoretical Economics Paper Series 428, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    27. Kislaya Prasad, 2008. "Price asymptotics," Review of Economic Design, Springer;Society for Economic Design, vol. 12(1), pages 21-32, April.
    28. Loginova, Oksana & Taylor, Curtis, 2003. "Price Experimentation with Strategic Buyers," Working Papers 03-02, Duke University, Department of Economics.
    29. Oksana Loginova & Curtis Taylor, 2008. "Price experimentation with strategic buyers," Review of Economic Design, Springer;Society for Economic Design, vol. 12(3), pages 165-187, September.
    30. Sweder van Wijnbergen & Tim Willems, 2013. "Optimal Learning on Climate Change: Why Climate Sceptics Should Reduce Emissions," OxCarre Working Papers 111, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    31. Batlome Janjgava & Sergey Slobodyan, 2011. "Duopoly Competition, Escape Dynamics and Non-cooperative Collusion," CERGE-EI Working Papers wp445, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    32. Carrillo, Juan & Brocas, Isabelle, 2005. "A Theory of Influence: The Strategic Value of Public Ignorance," CEPR Discussion Papers 4907, C.E.P.R. Discussion Papers.
    33. J. Michael Harrison & N. Bora Keskin & Assaf Zeevi, 2012. "Bayesian Dynamic Pricing Policies: Learning and Earning Under a Binary Prior Distribution," Management Science, INFORMS, vol. 58(3), pages 570-586, March.
    34. Xiao, Baichun & Yang, Wei, 2021. "A Bayesian learning model for estimating unknown demand parameter in revenue management," European Journal of Operational Research, Elsevier, vol. 293(1), pages 248-262.
    35. Francesco Squintani & Juuso Valimaki, 1999. "Imitation and Experimentation in a Changing Environment," Discussion Papers 1275, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    36. N. Bora Keskin & Assaf Zeevi, 2017. "Chasing Demand: Learning and Earning in a Changing Environment," Mathematics of Operations Research, INFORMS, vol. 42(2), pages 277-307, May.
    37. Sergey Kovbasyuk & Giancarlo Spagnolo, 2021. "Memory And Markets," Working Papers w0284, New Economic School (NES).
    38. Décamps, Jean-Paul & Mariotti, Thomas & Villeneuve, Stéphane, 2000. "Investment Timing under Incomplete Information," IDEI Working Papers 115, Institut d'Économie Industrielle (IDEI), Toulouse, revised Apr 2004.
    39. Cujean, Julien & Bustamante, Maria Cecilia & Frésard, Laurent, 2019. "Knowledge Cycles and Corporate Investment," CEPR Discussion Papers 14152, C.E.P.R. Discussion Papers.
    40. Cosimano, Thomas F., 2008. "Optimal experimentation and the perturbation method in the neighborhood of the augmented linear regulator problem," Journal of Economic Dynamics and Control, Elsevier, vol. 32(6), pages 1857-1894, June.
    41. Koulovatianos, Christos & Mirman, Leonard J. & Santugini, Marc, 2009. "Optimal growth and uncertainty: Learning," Journal of Economic Theory, Elsevier, vol. 144(1), pages 280-295, January.
    42. Omar Besbes & Assaf Zeevi, 2011. "On the Minimax Complexity of Pricing in a Changing Environment," Operations Research, INFORMS, vol. 59(1), pages 66-79, February.
    43. Keller, Godfrey & Rady, Sven, 1999. "Market experimentation in a dynamic differentiated-goods duopoly," LSE Research Online Documents on Economics 19346, London School of Economics and Political Science, LSE Library.
    44. J. Michael Harrison & Nur Sunar, 2015. "Investment Timing with Incomplete Information and Multiple Means of Learning," Operations Research, INFORMS, vol. 63(2), pages 442-457, April.
    45. Dinah Rosenberg & Eilon Solan & Nicolas Vieille, 2004. "Social Learning in One-Arm Bandit Problems," Discussion Papers 1396, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    46. Keller, Godfrey & Rady, Sven, 2015. "Breakdowns," Theoretical Economics, Econometric Society, vol. 10(1), January.
    47. Mr. Gauti B. Eggertsson & Mr. Eric Le Borgne, 2003. "A Political Agency Theory of Central Bank Independence," IMF Working Papers 2003/144, International Monetary Fund.
    48. Juan F. Escobar & Gastón Llanes, 2015. "Cooperation Dynamic in Repeated Games of Adverse Selection," Documentos de Trabajo 311, Centro de Economía Aplicada, Universidad de Chile.
    49. Omar Besbes & Denis Sauré, 2014. "Dynamic Pricing Strategies in the Presence of Demand Shifts," Manufacturing & Service Operations Management, INFORMS, vol. 16(4), pages 513-528, October.
    50. Alessandro Bonatti, 2011. "Menu Pricing and Learning," American Economic Journal: Microeconomics, American Economic Association, vol. 3(3), pages 124-163, August.
    51. Omar Besbes & Yonatan Gur & Assaf Zeevi, 2015. "Non-Stationary Stochastic Optimization," Operations Research, INFORMS, vol. 63(5), pages 1227-1244, October.
    52. Rauh, Michael T. & Seccia, Giulio, 2005. "Experimentation, full revelation, and the monotone likelihood ratio property," Journal of Economic Behavior & Organization, Elsevier, vol. 56(2), pages 239-262, February.
    53. J. Miguel Villas‐Boas, 2006. "Dynamic Competition with Experience Goods," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 15(1), pages 37-66, March.
    54. Arthur Charpentier & Romuald Élie & Carl Remlinger, 2023. "Reinforcement Learning in Economics and Finance," Computational Economics, Springer;Society for Computational Economics, vol. 62(1), pages 425-462, June.
    55. Christos Koulovatianos & Leonard J. Mirman & Marc Santugini, 2006. "Investment in a Monopoly with Bayesian Learning," Vienna Economics Papers vie0603, University of Vienna, Department of Economics.
    56. David P. Myatt, 2005. "Instant Exit from the Asymmetric War of Attrition," Economics Series Working Papers 160, University of Oxford, Department of Economics.
    57. Massimo Massa & Andrei Simonov, 2009. "Experimentation in Financial Markets," Management Science, INFORMS, vol. 55(8), pages 1377-1390, August.
    58. Dan Bernhardt & Bart Taub, 2015. "Learning about common and private values in oligopoly," RAND Journal of Economics, RAND Corporation, vol. 46(1), pages 66-85, March.
    59. Arnoud V. den Boer & Bert Zwart, 2014. "Simultaneously Learning and Optimizing Using Controlled Variance Pricing," Management Science, INFORMS, vol. 60(3), pages 770-783, March.
    60. Chen Yeh & David Argente, 2016. "A Menu Cost Model with Price Experimentation," 2016 Meeting Papers 1515, Society for Economic Dynamics.
    61. Jussi Keppo & Lones Smith & Dmitry Davydov, 2006. "Optimal Electoral Timing: Exercise Wisely and You May Live Longer," Cowles Foundation Discussion Papers 1565, Cowles Foundation for Research in Economics, Yale University.
    62. Victor F. Araman & René Caldentey, 2009. "Dynamic Pricing for Nonperishable Products with Demand Learning," Operations Research, INFORMS, vol. 57(5), pages 1169-1188, October.
    63. H. Dharma Kwon & Steven A. Lippman, 2011. "Acquisition of Project-Specific Assets with Bayesian Updating," Operations Research, INFORMS, vol. 59(5), pages 1119-1130, October.
    64. Weng, Xi, 2015. "Dynamic pricing in the presence of individual learning," Journal of Economic Theory, Elsevier, vol. 155(C), pages 262-299.
    65. Sebastian Sund & Lars H. Sendstad & Jacco J. J. Thijssen, 2022. "Kalman filter approach to real options with active learning," Computational Management Science, Springer, vol. 19(3), pages 457-490, July.
    66. Isabelle Brocas & Juan D. Carrillo, 2009. "Information Acquisition and Choice Under Uncertainty," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 18(2), pages 423-455, June.
    67. Tim Willems, 2017. "Actively Learning by Pricing: A Model of an Experimenting Seller," Economic Journal, Royal Economic Society, vol. 127(604), pages 2216-2239, September.
    68. Meagher, Kieron J. & Zauner, Klaus G., 2004. "Product differentiation and location decisions under demand uncertainty," Journal of Economic Theory, Elsevier, vol. 117(2), pages 201-216, August.
    69. Mason, Robin & Välimäki, Juuso, 2011. "Learning about the arrival of sales," Journal of Economic Theory, Elsevier, vol. 146(4), pages 1699-1711, July.
    70. Juan D Carrillo & Isabelle Brocas, 2007. "Systematic errors in decision-making," Levine's Bibliography 122247000000001473, UCLA Department of Economics.
    71. Hart E. Posen & Daniel A. Levinthal, 2012. "Chasing a Moving Target: Exploitation and Exploration in Dynamic Environments," Management Science, INFORMS, vol. 58(3), pages 587-601, March.
    72. Farzad Pourbabaee, 2021. "Robust Experimentation in the Continuous Time Bandit Problem," Papers 2104.00102, arXiv.org.
    73. Alexander Stremme, 1999. "Optimal Compensation for Fund Managers of Uncertain Type: The Information Advantages of Bonus Schemes," New York University, Leonard N. Stern School Finance Department Working Paper Seires 99-029, New York University, Leonard N. Stern School of Business-.
    74. Hao Zhang, 2022. "Analytical Solution to a Discrete-Time Model for Dynamic Learning and Decision Making," Management Science, INFORMS, vol. 68(8), pages 5924-5957, August.
    75. Le Borgne, Eric & Lockwood, Ben, 2000. "Do Elections Always Motivate Incumbents?," Economic Research Papers 269351, University of Warwick - Department of Economics.
    76. Benny Moldovanu & Alex Gershkov, 2008. "The Trade-off Between Fast Learning and Dynamic Efficiency," 2008 Meeting Papers 348, Society for Economic Dynamics.
    77. Wirl, Franz, 2015. "Output adjusting cartels facing dynamic, convex demand under uncertainty: The case of OPEC," Economic Modelling, Elsevier, vol. 44(C), pages 307-316.
    78. Tracy R. Lewis & Huseyin Yildirim, 2002. "Managing Dynamic Competition," American Economic Review, American Economic Association, vol. 92(4), pages 779-797, September.
    79. Michel De Lara & Olivier Gossner, 2017. "An instrumental approach to the value of information," Working Papers 2017-49, Center for Research in Economics and Statistics.
    80. Nils Stieglitz & Thorbjørn Knudsen & Markus C. Becker, 2016. "Adaptation and inertia in dynamic environments," Strategic Management Journal, Wiley Blackwell, vol. 37(9), pages 1854-1864, September.
    81. Agbo, Maxime, 2015. "A perpetual search for talents across overlapping generations: A learning process," Mathematical Social Sciences, Elsevier, vol. 76(C), pages 131-145.

  23. Rady, Sven, 1994. "State prices implicit in valuation formulae for derivative securities: a martingale approach," LSE Research Online Documents on Economics 119180, London School of Economics and Political Science, LSE Library.

    Cited by:

    1. Dimitris Bertsimas & Leonid Kogan & Andrew W. Lo, 1997. "Pricing and Hedging Derivative Securities in Incomplete Markets: An E-Aritrage Model," NBER Working Papers 6250, National Bureau of Economic Research, Inc.
    2. Ait-Sahalia, Yacine & Lo, Andrew W., 2000. "Nonparametric risk management and implied risk aversion," Journal of Econometrics, Elsevier, vol. 94(1-2), pages 9-51.
    3. Bertsimas, Dimitris. & Kogan, Leonid, 1974- & Lo, Andrew W., 1997. "Pricing and hedging derivative securities in incomplete markets : an e-arbitrage approach," Working papers WP 3973-97., Massachusetts Institute of Technology (MIT), Sloan School of Management.

  24. Rady, Sven, 1994. "The Direct Approach to Debt Option Pricing," Munich Reprints in Economics 3404, University of Munich, Department of Economics.

    Cited by:

    1. Zühlsdorff, Christian, 2002. "The Pricing of Derivatives on Assets with Quadratic Volatility," Bonn Econ Discussion Papers 5/2002, University of Bonn, Bonn Graduate School of Economics (BGSE).
    2. Beniamin Goldys, 1997. "A note on pricing interest rate derivatives when forward LIBOR rates are lognormal," Finance and Stochastics, Springer, vol. 1(4), pages 345-352.
    3. Sven Rady, 1997. "Option pricing in the presence of natural boundaries and a quadratic diffusion term (*)," Finance and Stochastics, Springer, vol. 1(4), pages 331-344.
    4. Christian Zuhlsdorff, 2001. "The pricing of derivatives on assets with quadratic volatility," Applied Mathematical Finance, Taylor & Francis Journals, vol. 8(4), pages 235-262.
    5. Peter Carr & Travis Fisher & Johannes Ruf, 2012. "Why are quadratic normal volatility models analytically tractable?," Papers 1202.6187, arXiv.org, revised Mar 2013.
    6. Ioannides, Michalis, 2003. "A comparison of yield curve estimation techniques using UK data," Journal of Banking & Finance, Elsevier, vol. 27(1), pages 1-26, January.

  25. François Ortalo-Magné & Sven Rady, "undated". "Homeownership: Volatile Housing Prices, Low Labor Mobility and High Income Dispersion," Wisconsin-Madison CULER working papers 02-04, University of Wisconsin Center for Urban Land Economic Research.

    Cited by:

    1. Saku Aura & Thomas Davidoff, 2005. "Optimal Commodity Taxation when Land and Structures must be Taxed at the Same Rate," CESifo Working Paper Series 1522, CESifo.
    2. Hanno Lustig & Stijn Van Nieuwerburgh, 2006. "Can Housing Collateral Explain Long-Run Swings in Asset Returns?," NBER Working Papers 12766, National Bureau of Economic Research, Inc.

Articles

  1. Johannes Hörner & Nicolas Klein & Sven Rady, 2022. "Overcoming Free-Riding in Bandit Games," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 89(4), pages 1948-1992.
    See citations under working paper version above.
  2. Martin Peitz & Sven Rady & Piers Trepper, 2017. "Experimentation in Two-Sided Markets," Journal of the European Economic Association, European Economic Association, vol. 15(1), pages 128-172.
    See citations under working paper version above.
  3. Heidhues, Paul & Rady, Sven & Strack, Philipp, 2015. "Strategic experimentation with private payoffs," Journal of Economic Theory, Elsevier, vol. 159(PA), pages 531-551.
    See citations under working paper version above.
  4. Nicolas Klein & Sven Rady, 2011. "Negatively Correlated Bandits," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 78(2), pages 693-732.
    See citations under working paper version above.
  5. , & ,, 2010. "Strategic experimentation with Poisson bandits," Theoretical Economics, Econometric Society, vol. 5(2), May.
    See citations under working paper version above.
  6. Ortalo-Magné, François & Rady, Sven, 2008. "Heterogeneity within communities: A stochastic model with tenure choice," Journal of Urban Economics, Elsevier, vol. 64(1), pages 1-17, July.
    See citations under working paper version above.
  7. François Ortalo-Magné & Sven Rady, 2006. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints ," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 73(2), pages 459-485.
    See citations under working paper version above.
  8. Godfrey Keller & Sven Rady & Martin Cripps, 2005. "Strategic Experimentation with Exponential Bandits," Econometrica, Econometric Society, vol. 73(1), pages 39-68, January.
    See citations under working paper version above.
  9. Ortalo-Magne, Francois & Rady, Sven, 2004. "Housing transactions and macroeconomic fluctuations: a case study of England and Wales," Journal of Housing Economics, Elsevier, vol. 13(4), pages 287-303, December.

    Cited by:

    1. Geoff Willcocks, 2009. "UK Housing Market: Time Series Processes with Independent and Identically Distributed Residuals," The Journal of Real Estate Finance and Economics, Springer, vol. 39(4), pages 403-414, November.
    2. Genesove, David & Han, Lu, 2010. "Search and Matching in the Housing Market," CEPR Discussion Papers 7777, C.E.P.R. Discussion Papers.
    3. Andrea Ferrero, 2012. "House price booms, current account deficits, and low interest rates," Staff Reports 541, Federal Reserve Bank of New York.
    4. Sven Rady & François Ortalo-Magné, 2001. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints," CESifo Working Paper Series 470, CESifo.
    5. Sing, Tien-Foo & Tsai, I-Chun & Chen, Ming-Chi, 2006. "Price dynamics in public and private housing markets in Singapore," Journal of Housing Economics, Elsevier, vol. 15(4), pages 305-320, December.
    6. Disney Richard & Gathergood John, 2011. "House Price Growth, Collateral Constraints and the Accumulation of Homeowner Debt in the United States," The B.E. Journal of Macroeconomics, De Gruyter, vol. 11(1), pages 1-30, September.
    7. Nan-Kuang Chen & Charles Leung, 2008. "Asset Price Spillover, Collateral and Crises: with an Application to Property Market Policy," The Journal of Real Estate Finance and Economics, Springer, vol. 37(4), pages 351-385, November.
    8. Diao, Mi & Fan, Yi & Sing, Tien Foo, 2021. "Rational pricing responses of developers to supply shocks: Evidence from Singapore," Journal of Economic Behavior & Organization, Elsevier, vol. 190(C), pages 802-815.
    9. Andrew Benito, 2006. "How does the down-payment constraint affect the UK housing market?," Bank of England working papers 294, Bank of England.
    10. Brian Petereson, 2009. "Fooled by Search: Housing Prices, Turnover and Bubbles," CAEPR Working Papers 2009-004, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    11. Benito, Andrew, 2006. "The down-payment constraint and UK housing market: Does the theory fit the facts?," Journal of Housing Economics, Elsevier, vol. 15(1), pages 1-20, March.
    12. Edika Quispe-Torreblanca & David Hume & John Gathergood & George Loewenstein & Neil Stewart, 2023. "At the Top of the Mind: Peak Prices and the Disposition Effect," Discussion Papers 2023-09, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    13. Eric Levin & Alberto Montagnoli & Robert E. Wright, 2009. "Demographic Change and the Housing Market: Evidence from a Comparison of Scotland and England," Urban Studies, Urban Studies Journal Limited, vol. 46(1), pages 27-43, January.
    14. Yong Tu & Seow Ong & Ying Han, 2009. "Turnovers and Housing Price Dynamics: Evidence from Singapore Condominium Market," The Journal of Real Estate Finance and Economics, Springer, vol. 38(3), pages 254-274, April.
    15. Oikarinen, Elias, 2009. "Household borrowing and metropolitan housing price dynamics - Empirical evidence from Helsinki," Journal of Housing Economics, Elsevier, vol. 18(2), pages 126-139, June.
    16. Maier, Thomas, 2007. "House Price Dynamics and Traffic Mode Choice:," Munich Dissertations in Economics 6503, University of Munich, Department of Economics.
    17. Beatrice D. Simo-Kengne & Manoel Bittencourt & Rangan Gupta, 2011. "House Prices and Economic Growth in South Africa: Evidence from Provincial-Level Data," Working Papers 201116, University of Pretoria, Department of Economics.
    18. Nguyen Nghia Hoai & Chinda Thanwadee, 2015. "Investigating Factors Influencing Profits Enhancement in Real Estate Companies in Ho Chi Minh City, Viet Nam," International Journal of Business and Administrative Studies, Professor Dr. Bahaudin G. Mujtaba, vol. 1(3), pages 107-113.
    19. Ortalo-Magné, François & Rady, Sven, 2005. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints (Revised Version)," Discussion Papers in Economics 494, University of Munich, Department of Economics.
    20. Jim Clayton & Norman Miller & Liang Peng, 2010. "Price-volume Correlation in the Housing Market: Causality and Co-movements," The Journal of Real Estate Finance and Economics, Springer, vol. 40(1), pages 14-40, January.
    21. Mi Diao & Yi Fan & Tien Foo Sing, 2019. "Demand Restrictions and Asymmetric Risk Behaviors," International Real Estate Review, Global Social Science Institute, vol. 22(2), pages 131-167.
    22. Tsai, I-Chun, 2014. "Ripple effect in house prices and trading volume in the UK housing market: New viewpoint and evidence," Economic Modelling, Elsevier, vol. 40(C), pages 68-75.
    23. Torben Klarl, 2016. "The nexus between housing and GDP re-visited: A wavelet coherence view on housing and GDP for the U.S," Economics Bulletin, AccessEcon, vol. 36(2), pages 704-720.
    24. Tsangyao Chang & Beatrice D. Simo-Kengne & Rangan Gupta, 2013. "The Causal Relationship between House Prices and Economic Growth in the Nine Provinces of South Africa: Evidence from Panel-Granger Causality Tests," Working Papers 201317, University of Pretoria, Department of Economics.
    25. Mi Diao & Yi Fan & Tien Foo Sing, 2018. "Demand restrictions; government interventions; resale public housing market; private housing market; housing wealth," ERES eres2018_32, European Real Estate Society (ERES).
    26. Norman Miller & Liang Peng & Michael Sklarz, 2011. "House Prices and Economic Growth," The Journal of Real Estate Finance and Economics, Springer, vol. 42(4), pages 522-541, May.

  10. Keller, Godfrey & Rady, Sven, 2003. "Price Dispersion and Learning in a Dynamic Differentiated-Goods Duopoly," RAND Journal of Economics, The RAND Corporation, vol. 34(1), pages 138-165, Spring.
    See citations under working paper version above.
  11. Ortalo-Magne, Francois & Rady, Sven, 2002. "Tenure choice and the riskiness of non-housing consumption," Journal of Housing Economics, Elsevier, vol. 11(3), pages 266-279, September.

    Cited by:

    1. François Ortalo-Magné & Matteo Iacoviello, "undated". "Hedging Housing Risk in London," Wisconsin-Madison CULER working papers 02-03, University of Wisconsin Center for Urban Land Economic Research.
    2. Basant K. Kapur, 2016. "Another Look At Price Instability And Consumer Well-Being: Nondurable And Durable (Housing) Markets," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(02), pages 1-9, June.
    3. Gang-Zhi Fan & Ming Pu & Seow Ong, 2012. "Optimal Portfolio Choices, House Risk Hedging and the Pricing of Forward House Transactions," The Journal of Real Estate Finance and Economics, Springer, vol. 45(1), pages 3-29, June.
    4. Ha, Sejeong & Hilber, Christian A.L. & Schöni, Olivier, 2021. "Do long-distance moves discourage homeownership? Evidence from England," Journal of Housing Economics, Elsevier, vol. 53(C).
    5. Gathergood, John, 2011. "Unemployment risk, house price risk and the transition into home ownership in the United Kingdom," Journal of Housing Economics, Elsevier, vol. 20(3), pages 200-209, September.
    6. Patrick Bayer & Robert McMillan & Alvin Murphy & Christopher Timmins, 2011. "A Dynamic Model of Demand for Houses and Neighborhoods," Working Papers 11-16, Duke University, Department of Economics.
    7. Cho, Sang-Wook (Stanley), 2010. "Household wealth accumulation and portfolio choices in Korea," Journal of Housing Economics, Elsevier, vol. 19(1), pages 13-25, March.
    8. Luengo Prado, María José, 2006. "On the user cost and homeownership," UC3M Working papers. Economics we065421, Universidad Carlos III de Madrid. Departamento de Economía.
    9. Bracke, Philippe, 2013. "House prices and rents: micro evidence from a matched dataset in Central London," LSE Research Online Documents on Economics 49723, London School of Economics and Political Science, LSE Library.
    10. Todd Sinai & Nicholas S. Souleles, 2005. "Owner-Occupied Housing as a Hedge Against Rent Risk," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 120(2), pages 763-789.
    11. James Banks & Richard Blundell & Zoë Oldfield & James P. Smith, 2010. "Housing Price Volatility and Downsizing in Later Life," NBER Chapters, in: Research Findings in the Economics of Aging, pages 337-379, National Bureau of Economic Research, Inc.
    12. Masatomo Suzuki & Yasushi Asami, 2019. "Shrinking metropolitan area: Costly homeownership and slow spatial shrinkage," Urban Studies, Urban Studies Journal Limited, vol. 56(6), pages 1113-1128, May.
    13. Andrea Camilli, 2020. "Labor market institutions and homeownership," Working Papers 440, University of Milano-Bicocca, Department of Economics, revised May 2020.
    14. Rady, Sven & Ortalo-Magné, François, 2002. "Homeownership," Discussion Papers in Economics 28, University of Munich, Department of Economics.
    15. Pablo Casas-Arce & Albert Saiz, 2006. "Owning versus leasing: do courts matter?," Working Papers 06-21, Federal Reserve Bank of Philadelphia.
    16. Damian S. Damianov & Diego Escobari, 2021. "Getting on and Moving Up the Property Ladder: Real Hedging in the U.S. Housing Market Before and After the Crisis," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 49(4), pages 1201-1237, December.
    17. François Ortalo-Magné & Sven Rady, "undated". "Homeownership: Volatile Housing Prices, Low Labor Mobility and High Income Dispersion," Wisconsin-Madison CULER working papers 02-04, University of Wisconsin Center for Urban Land Economic Research.
    18. François Ortalo-Magné & Andrea Prat, 2005. "The Political Economy of Housing Supply," Levine's Bibliography 122247000000000954, UCLA Department of Economics.
    19. Koizumi, Naoru & McCann, Philip, 2006. "Living on a plot of land as a tenure choice: The case of Panama," Journal of Housing Economics, Elsevier, vol. 15(4), pages 349-371, December.
    20. Berlemann, Michael & Freese, Julia, 2010. "Monetary policy and real estate prices: A disaggregated analysis for Switzerland," HWWI Research Papers 2-19, Hamburg Institute of International Economics (HWWI).
    21. Jansson, Thomas, 2017. "Housing choices and labor income risk," Journal of Urban Economics, Elsevier, vol. 99(C), pages 107-119.
    22. Todd Sinai & Nicholas Souleles, 2013. "Can Owning a Home Hedge the Risk of Moving?," American Economic Journal: Economic Policy, American Economic Association, vol. 5(2), pages 282-312, May.
    23. Carter, Steven, 2011. "Housing tenure choice and the dual income household," Journal of Housing Economics, Elsevier, vol. 20(3), pages 159-170, September.
    24. Christian A. L. Hilber, "undated". "Neighborhood Externality Risk and The Home Ownership Status of Properties," Zell/Lurie Center Working Papers 387, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania.
    25. Murillo Campello & Erasmo Giambona, 2011. "Capital Structure and the Redeployability of Tangible Assets," Tinbergen Institute Discussion Papers 11-091/2/DSF24, Tinbergen Institute.
    26. Schulz, Rainer & Wersing, Martin & Werwatz, Axel, 2009. "Renting versus owning and the role of income risk: The case of Germany," SFB 649 Discussion Papers 2009-060, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    27. Ortalo-Magné, François & Prat, Andrea, 2011. "On the Political Economy of Urban Growth: Homeownership versus Affordability," CEPR Discussion Papers 8243, C.E.P.R. Discussion Papers.
    28. João Ejarque & Søren Leth-Petersen, 2008. "Consumption and Savings of First Time House Owners: How Do They Deal with Adverse Income Shocks?," CAM Working Papers 2008-08, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics.
    29. Ortalo-Magné, François & Prat, Andrea, 2007. "The political economy of housing supply: homeowners, workers, and voters," LSE Research Online Documents on Economics 3678, London School of Economics and Political Science, LSE Library.
    30. Andrew Paciorek & Todd M. Sinai, 2010. "Does Home Owning Smooth the Variability of Future Housing Consumption?," NBER Working Papers 16531, National Bureau of Economic Research, Inc.
    31. European Central Bank & Stefano Corradin, 2009. "Household Leverage," 2009 Meeting Papers 906, Society for Economic Dynamics.
    32. Charles Ka-Yui Leung, 2004. "Macroeconomics and Housing: A Review of the Literature," Departmental Working Papers _164, Chinese University of Hong Kong, Department of Economics.
    33. Barry Bosworth & Rosanna Smart, 2009. "The Wealth of Older Americans and the Sub-Prime Debacle The Wealth of Older Americans and the Sub-Prime Debacle," Working Papers, Center for Retirement Research at Boston College wp2009-21, Center for Retirement Research, revised Nov 2009.
    34. Davidoff, Thomas, 2006. "Labor income, housing prices, and homeownership," Journal of Urban Economics, Elsevier, vol. 59(2), pages 209-235, March.
    35. Mangum, Kyle & Molloy, Raven, 2021. "Migration and Housing special issue: Introduction from Editors Kyle Mangum and Raven Molloy," Journal of Housing Economics, Elsevier, vol. 53(C).
    36. Jansson, Thomas, 2013. "Housing Choices and Labor Income Risk," Working Paper Series 272, Sveriges Riksbank (Central Bank of Sweden).
    37. Ortalo-Magné, François & Rady, Sven, 2008. "Heterogeneity within communities: A stochastic model with tenure choice," Journal of Urban Economics, Elsevier, vol. 64(1), pages 1-17, July.
    38. Hansen, Jørgen Drud & Skak, Morten, 2008. "Adaptation investments and homeownership," Journal of Housing Economics, Elsevier, vol. 17(1), pages 102-115, March.
    39. Rainer Schulz & Martin Wersing & Axel Werwatz, 2014. "Renting versus Owning and the Role of Human Capital: Evidence from Germany," The Journal of Real Estate Finance and Economics, Springer, vol. 48(4), pages 754-788, May.
    40. John Gathergood, 2009. "Income Uncertainty, House Price Uncertainty and the Transition Into Home Ownership in the United Kingdom," Discussion Papers 09/07, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
    41. Patrick Bayer & Robert McMillan & Alvin Murphy & Christopher Timmins, 2016. "A Dynamic Model of Demand for Houses and Neighborhoods," Econometrica, Econometric Society, vol. 84, pages 893-942, May.
    42. Hilber, Christian A.L. & Liu, Yingchun, 2008. "Explaining the black-white homeownership gap: The role of own wealth, parental externalities and locational preferences," Journal of Housing Economics, Elsevier, vol. 17(2), pages 152-174, June.
    43. Diaz-Serrano, Luis, 2004. "On the Negative Relationship between Labor Income Uncertainty and Homeownership: Risk Aversion vs. Credit Constraints," IZA Discussion Papers 1208, Institute of Labor Economics (IZA).
    44. Fan, Gang-Zhi & Pu, Ming & Deng, Xiaoying & Ong, Seow Eng, 2018. "Optimal portfolio choices and the determination of housing rents under housing market uncertainty," Journal of Housing Economics, Elsevier, vol. 41(C), pages 200-217.
    45. Richard Disney & Guannan Luo, 2015. "The right to buy social housing in Britain: a welfare analysis," IFS Working Papers W15/05, Institute for Fiscal Studies.
    46. Han, Lu, 2008. "Hedging house price risk in the presence of lumpy transaction costs," Journal of Urban Economics, Elsevier, vol. 64(2), pages 270-287, September.
    47. Xiao, Qin, 2010. "Systemic Stability of Housing and Mortgage Market: From the observable to the unobservable," MPRA Paper 23708, University Library of Munich, Germany.
    48. Ortalo-Magné, François & Prat, Andrea, 2010. "Spatial Asset Pricing: A First Step," CEPR Discussion Papers 7842, C.E.P.R. Discussion Papers.
    49. Disney, Richard & Luo, Guannan, 2017. "The Right to Buy public housing in Britain: A welfare analysis," Journal of Housing Economics, Elsevier, vol. 35(C), pages 51-68.
    50. Pablo Casas-Arce & Albert Saiz, 2010. "Owning versus Renting: Do Courts Matter?," Journal of Law and Economics, University of Chicago Press, vol. 53(1), pages 137-165, February.
    51. Serena Trucchi, 2011. "How credit markets affect homeownership: an explanation based on differences between Italian regions," CeRP Working Papers 122, Center for Research on Pensions and Welfare Policies, Turin (Italy).
    52. Hirota, Shinichi & Suzuki-Löffelholz, Kumi & Udagawa, Daisuke, 2020. "Does owners’ purchase price affect rent offered? Experimental evidence," Journal of Behavioral and Experimental Finance, Elsevier, vol. 25(C).
    53. Michael Nwogugu, 2020. "Regret Theory And Asset Pricing Anomalies In Incomplete Markets With Dynamic Un-Aggregated Preferences," Papers 2005.01709, arXiv.org.
    54. Renata Bottazzi & Hamish Low & Matthew Wakefield, 2007. "Why do home owners work longer hours?," IFS Working Papers W07/10, Institute for Fiscal Studies.
    55. Henrik Cronqvist & Florian Münkel & Stephan Siegel, 2014. "Genetics, Homeownership, and Home Location Choice," The Journal of Real Estate Finance and Economics, Springer, vol. 48(1), pages 79-111, January.
    56. Yoshida, Jiro, 2017. "Stock Prices, Regional Housing Prices, and Aggregate Technology Shocks," HIT-REFINED Working Paper Series 72, Institute of Economic Research, Hitotsubashi University.
    57. Ming Pu & Gang-Zhi Fan & Seow Ong, 2012. "Heterogeneous Agents and the Indifference Pricing of Property Index Linked Swaps," The Journal of Real Estate Finance and Economics, Springer, vol. 44(4), pages 543-569, May.
    58. Ortalo-Magne, Francois & Rady, Sven, 2004. "Housing transactions and macroeconomic fluctuations: a case study of England and Wales," Journal of Housing Economics, Elsevier, vol. 13(4), pages 287-303, December.
    59. Philippe Bracke, 2013. "House Prices and Rents: Micro Evidence from a Matched Dataset in Central London_x0003_," ERSA conference papers ersa13p112, European Regional Science Association.
    60. Kyriaki Begiazi & Paraskevi Katsiampa, 2019. "Modelling UK House Prices with Structural Breaks and Conditional Variance Analysis," The Journal of Real Estate Finance and Economics, Springer, vol. 58(2), pages 290-309, February.
    61. Francois Ortalo-Magne & Sven Rady, 2002. "Homeownership: Low Household Mobility, Volatile Housing Prices, High Income Dispersion," CESifo Working Paper Series 823, CESifo.
    62. Baiyi Wu & Wenlong Bian & Ying Xue & Hao Zhang, 2021. "Confucian Culture and Homeownership: Evidence from Chinese Families," Journal of Family and Economic Issues, Springer, vol. 42(1), pages 182-202, March.

  12. Hong, Harrison & Rady, Sven, 2002. "Strategic trading and learning about liquidity," Journal of Financial Markets, Elsevier, vol. 5(4), pages 419-450, October.
    See citations under working paper version above.
  13. Ortalo-Magne, Francois & Rady, Sven, 1999. "Boom in, bust out: Young households and the housing price cycle," European Economic Review, Elsevier, vol. 43(4-6), pages 755-766, April.
    See citations under working paper version above.
  14. Godfrey Keller & Sven Rady, 1999. "Optimal Experimentation in a Changing Environment," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 66(3), pages 475-507.
    See citations under working paper version above.
  15. Sven Rady, 1997. "Option pricing in the presence of natural boundaries and a quadratic diffusion term (*)," Finance and Stochastics, Springer, vol. 1(4), pages 331-344.

    Cited by:

    1. Zühlsdorff, Christian, 2002. "The Pricing of Derivatives on Assets with Quadratic Volatility," Bonn Econ Discussion Papers 5/2002, University of Bonn, Bonn Graduate School of Economics (BGSE).
    2. Falkowski, Adrian & Słomiński, Leszek, 2022. "SDEs with two reflecting barriers driven by semimartingales and processes with bounded p-variation," Stochastic Processes and their Applications, Elsevier, vol. 146(C), pages 164-186.
    3. Alexander Lipton & Andrey Gal & Andris Lasis, 2013. "Pricing of vanilla and first generation exotic options in the local stochastic volatility framework: survey and new results," Papers 1312.5693, arXiv.org.
    4. Hui, Cho-Hoi & Lo, Chi-Fai & Liu, Chi-Hei, 2022. "Exchange rate dynamics with crash risk and interventions," International Review of Economics & Finance, Elsevier, vol. 79(C), pages 18-37.
    5. Martin Herdegen & Martin Schweizer, 2016. "Strong Bubbles And Strict Local Martingales," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 19(04), pages 1-44, June.
    6. Antje Mahayni, 2003. "Effectiveness of Hedging Strategies under Model Misspecification and Trading Restrictions," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 6(05), pages 521-552.
    7. Sanjay K. Nawalkha & Xiaoyang Zhuo, 2022. "A Theory of Equivalent Expectation Measures for Contingent Claim Returns," Journal of Finance, American Finance Association, vol. 77(5), pages 2853-2906, October.
    8. Erik Schlogl, 2018. "Arbitrage-Free Interpolation in Models of Market Observable Interest Rates," Papers 1806.08107, arXiv.org.
    9. Alexander Lipton & Andrey Gal & Andris Lasis, 2014. "Pricing of vanilla and first-generation exotic options in the local stochastic volatility framework: survey and new results," Quantitative Finance, Taylor & Francis Journals, vol. 14(11), pages 1899-1922, November.
    10. Samuel Drapeau & Yunbo Zhang, 2019. "Pricing and Hedging Performance on Pegged FX Markets Based on a Regime Switching Model," Papers 1910.08344, arXiv.org, revised May 2020.
    11. U Hou Lok & Yuh-Dauh Lyuu, 2022. "A Valid and Efficient Trinomial Tree for General Local-Volatility Models," Computational Economics, Springer;Society for Computational Economics, vol. 60(3), pages 817-832, October.
    12. Antoine Jacquier & Martin Keller-Ressel, 2015. "Implied volatility in strict local martingale models," Papers 1508.04351, arXiv.org.
    13. Xiu, Dacheng, 2014. "Hermite polynomial based expansion of European option prices," Journal of Econometrics, Elsevier, vol. 179(2), pages 158-177.
    14. Peter Carr, 2017. "Bounded Brownian Motion," Risks, MDPI, vol. 5(4), pages 1-11, November.
    15. Leif Andersen, 2011. "Option pricing with quadratic volatility: a revisit," Finance and Stochastics, Springer, vol. 15(2), pages 191-219, June.
    16. Martin HERDEGEN & Martin SCHWEIZER, 2015. "Economics-Based Financial Bubbles (and Why They Imply Strict Local Martingales)," Swiss Finance Institute Research Paper Series 15-05, Swiss Finance Institute.
    17. Christian Zuhlsdorff, 2001. "The pricing of derivatives on assets with quadratic volatility," Applied Mathematical Finance, Taylor & Francis Journals, vol. 8(4), pages 235-262.
    18. Peter Carr & Travis Fisher & Johannes Ruf, 2012. "Why are quadratic normal volatility models analytically tractable?," Papers 1202.6187, arXiv.org, revised Mar 2013.

Books

  1. Sven Rady & Volker Rußig, 2004. "Fluctuations of the Real Estate Market: Microeconomic foundations and macroeconomic consequences," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 23.

    Cited by:

    1. von der Lippe, Peter & Breuer, Claus Christian, 2009. "Konzept für ein wirtschaftliches System periodischer regionaler Preisvergleiche: Datengewinnung über Mieten und Immobilienpreise," IBES Diskussionsbeiträge 174, University of Duisburg-Essen, Institute of Business and Economic Studie (IBES).
    2. Volker Rußig & Ludwig Dorffmeister, 2005. "Dreizehn Jahreseinkommen für ein Reihenhaus - Zu Niveau und Entwicklung der Wohnimmobilienpreise," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(13), pages 20-30, July.
    3. Volker Rußig, 2004. "Wohnungsneubau in Europa: Nach kurzer Erholung erneut leichter Rückgang," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(13), pages 22-28, July.
    4. Volker Rußig, 2004. "Allmähliche Erholung in Europas Bauwirtschaft," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(15), pages 22-29, August.

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