Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/142630
Authors: 
Lisi, Gaetano
Year of Publication: 
2012
Series/Report no.: 
EERI Research Paper Series 01/2012
Abstract: 
This paper examines whether the Mortensen-Pissarides matching model can account for the housing markets facts, most of all the empirical anomaly known as ‘price dispersion’. Our main finding is that the model can account for the three basic facts of housing market, without any restrictive assumption and in a very simple framework.
Subjects: 
House prices
time-on-the-market
housing price dispersion
bargaining power
search and matching frictions
JEL: 
R0
R31
R21
D40
D83
Document Type: 
Working Paper

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