This study aims to investigate the determinants of residential house rental price in Debre Berhan town, North Shewa Zone, Amhara Region, Ethiopia. For this purpose, used both primary and secondary data. The data were obtained from 385 sample respondents. Questionnaires collect necessary Descriptive inferential statistics employed analyze Ordinary least square estimation technique was examine pr...

Bank of Canada working papers are theoretical or empirical works-in-progress on subjects in economics and finance. The views expressed in this paper are those of the authors. No responsibility for them should be attributed to the Bank of Canada. ii Acknowledgements We are very grateful for comments received from seminar participants at the Bank of Canada and the Joint Central Bank Conference: B...

This paper develops a dynamic rational expectations general equilibrium framework that links house value to fundamental economic variables such as income growth, demographics, migration and land supply. Our framework is general and can handle non-stationary dynamics as well as structural changes in fundamentals. Applying the framework to Beijing, we find that the rational equilibrium housing pr...

I recently visited a retired physician who practiced in Roma, Texas, population 10000. His family has lived and ranched in Roma for 6 generations, well before the border was moved and Roma became part of the United States. As the town's first and only physician for most of his 4-plus decades in practice, Dr Mario Ramirez did it all: deliveries, house calls, minor surgery, and seeing 60 people a...

During the last decades households in the U.S. have experienced that residential house prices move in a persistent manner, i.e. that returns are positively serially correlated. Since an owner-occupied home is usually the largest investment of a household it is important to understand how households act when they base their consumption and investment decisions on this experience. We show in a se...

We construct a quantitative equilibrium model of the housing sector that accounts for the homeownership rate, the average foreclosure rate, and the distribution of home-equity ratios across homeowners prior to the recent boom and bust in the housing market. We analyze the key mechanisms that account for these facts, including the preferential tax treatment of housing and inflation. We then use ...

This paper discusses the influence of time inconsistency problem on technology-leading firms' choice between in-house production and technology transfer. Because of incredibility of innovator's commitment of not exporting after licensing, she may not be able to extract rent from licensing as much as when she could commit credibly. Facing this distortion, she chooses in-house production when the...

Urbanisation is still one of the social themes in developing countries. In China, the rapid process of urbanisation and economic growth bring to people not only more opportunities for creating new life and pursuing happiness, but also the challenge to face various and complex social, economical and environmental problems. Among them some are outstanding, like the shrinking plowland devoured by ...

My friend’s dilemma was a practical question that mathematics could answer, both elegantly and constructively. He and his housemates were moving to a house with rooms of various sizes and features, and were having trouble deciding who should get which room and for what part of the total rent. He asked, “Do you think there’s always a way to partition the rent so that each person will prefer a di...