Prices and Trading Volume in the Housing Market: A Model with Downpayment Effects
收藏NBER1993-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4373
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资源简介：
This paper presents a simple model of trade in the housing market. The crucial feature is that a minimum downpayment is required for the purchase of a new home. The model has direct implications for the volatility of house prices, as well as for the correlation between prices and trading volume. The
提供机构：
美国国家经济研究局
创建时间：
1993-03-01
