Vacancy, Search, and Prices in a Housing Market Matching Model

1990 ◽  
Vol 98 (6) ◽  
pp. 1270-1292 ◽  
Author(s):  
William C. Wheaton
Keyword(s):  
Housing Market ◽  
Matching Model

scholarly journals The Beveridge Curve in the Housing Market

2020 ◽  
pp. 11-14
Author(s):  
Lisi Gaetano
Keyword(s):  
Housing Market ◽  
Recent Criticism ◽  
Search And Matching ◽  
Beveridge Curve ◽  
Matching Model ◽  
Distinctive Features ◽  
Theoretical Paper ◽  
Search And Matching Model

As opposed to a recent criticism (according to which a model à la Pissarides inherently generates a downward sloping Beveridge curve), this short theoretical paper shows that a baseline search-and-matching model is able to take into account the main distinctive features of the housing market, thus generating an upward sloping Beveridge curve.

scholarly journals International Real Estate Review

2014 ◽  
Vol 17 (1) ◽  
pp. 47-62
Author(s):  
Gaetano Lisi ◽  
Keyword(s):  
Theoretical Model ◽  
Real Estate ◽  
Housing Market ◽  
Price Dispersion ◽  
Search Process ◽  
Matching Model ◽  
Rental Market ◽  
Property Sales ◽  
The Impact ◽  
The Relationship

The housing market matching model in this paper considers two types of home-seekers: people who search for a house both in the rental and the homeownership markets, and people who only search in the homeownership market. The house-search process leads to several types of matching and in turn, this implies different prices of equilibrium. Also, the house-search process connects the rental market with the homeownership market. This model is thus able to explain both the relationship between the rental and the selling prices and the price dispersion which exists in the housing market. Furthermore, this theoretical model can be used to study the impact of taxation in the two markets. Precisely, it is straightforward for showing the effects of two different taxes: tax on property sales and tax on rental income.

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