Rational Housing Bubble
收藏NBER2013-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19354
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资源简介：
This paper studies an economy inhabited by overlapping generations of homeowners and investors, with the only difference between the two being that homeowners derive utility from housing services whereas investors do not. Tight collateral constraint limits the borrowing capacity of homeowners and
提供机构：
美国国家经济研究局
创建时间：
2013-08-01
