|
EconStor >
Stockholm School of Economics >
EFI - The Economic Research Institute, Stockholm School of Economics >
SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/56316
|
| | |
| Title: | | Mental accounting in the housing market  |
| Authors: | | Almenberg, Johan Karapetyan, Artashes |
| Issue Date: | | 2009 |
| Series/Report no.: | | SSE/EFI Working Paper Series in Economics and Finance 718 |
| Abstract: | | We report evidence that salience may have economically significant effects on homeowners' borrowing behavior, through a bias in favour of less salient but more costly loans. We outline a simple model in which some consumers are biased. Under plausible assumptions, the bias may affect prices in equilibrium. Market data support the predictions of the model. |
| Subjects: | | salience housing market household finance co-op capital structure |
| JEL: | | D12 G14 G21 G32 |
| Document Type: | | Working Paper |
| Appears in Collections: | | SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/56316
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|