Testing a Hazard Model for the Housing Market in New Orleans.
The article presents a search-theoretic approach to investigate the relationship between probability of a sale and market duration in the housing market. Using a hazard model to study duration dependence, the article, on the basis of data from New Orleans, provides empirical evidence that houses do...
| Publicado en: | American Journal of Economics & Sociology Vol. 66; no. 2; pp. 443 - 456 |
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| Formato: | Artículo |
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Wiley-Blackwell
April 2007
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| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | The article presents a search-theoretic approach to investigate the relationship between probability of a sale and market duration in the housing market. Using a hazard model to study duration dependence, the article, on the basis of data from New Orleans, provides empirical evidence that houses do exhibit duration dependence. Reprinted by permission of the publisher. |
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