Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/142651
Authors: 
Lisi, Gaetano
Year of Publication: 
2012
Series/Report no.: 
EERI Research Paper Series 22/2012
Abstract: 
The recent and growing literature which has extended the use of search and matching models even to the housing market does not use the free entry or zero-profit assumption as a key condition for solving the equilibrium of the model. This is because a straightforward adaptation of the basic matching model to the housing market seems impossible. However, this paper shows that the zero-profit condition can be easily reformulated to take the distinctive features of the housing market into account. Indeed, it helps to provide a theoretical explanation for well-known empirical regularities in the housing markets.
Document Type: 
Working Paper

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