منابع مشابه
Housing market adjustment and land - supply constraints
Significant differences exist between national, regional, and local housing markets in the extent to which land is available for new housing development and in the planning regime which regulates the supply of land. The author examines the impact of different levels and forms of planning restraint on the process of market adjustment, including effects on house and land prices, on quantity of ne...
متن کاملCredit Supply and the Price of Housing
We show that since 1994, branching deregulations in the U.S have signi cantly a¤ected the supply of mortgage credit, and ultimately house prices. With deregulation, the number and volume of originated mortgage loans increase, while denial rates fall. But the deregulation has no e¤ect on a placebo sample, formed of Independent Mortgage Companies that should not be a¤ected by the regulatory chang...
متن کاملEssays on Housing Supply and House Price Volatility
A typical U.S. family devotes about a quarter of its annual income and half or more of its net worth to housing. Both the level and volatility of house prices thus have important implications for household behavior and welfare, as well as for the aggregate U.S. economy. Recent research has emphasized the importance of housing supply in determining house prices in different U.S. markets. This di...
متن کاملHousing Price, Land Supply and Revenue from Land Sales
In a recen t study, Peng and Wheaton empirically exam ine the effect of restricti ve land supply on Hong Kong house prices. However, we argue that the impact of the supply of new land by the Hong Kong government is not as important as they maintain in accounting for the volatile house prices in Hong Kong. We show that there is no causal relation ship between land supply and housing prices. Our ...
متن کاملCoordinating Orders in Three-echelon Supply Chain using price adjustment mechanism
Supply chain coordination has become a critical success factor for supply chain management (SCM). In the past few years, the researchers have widely emphasized that cooperation among supply chain (SC) firms is a key source of competitive advantage. This paper is focused on supply chain coordination from the perspective of inventory management. Li and Liu [1] developed a model for illustrating h...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2006
ISSN: 1556-5068
DOI: 10.2139/ssrn.911328