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...

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Bibliographic Details
Published in:	American Journal of Economics & Sociology Vol. 66; no. 2; pp. 443 - 456
Main Author:	Das, Amaresh
Format:	Article
Published:	Wiley-Blackwell April 2007
Subjects:	Consumption (Economics) Search theory Proportional hazards models New Orleans (La.)
Online Access:	View this record in EBSCOhost

Description
Summary:	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.