This article was previously circulated under the title “An Empirical Two-sided Equilibrium Search Model of the Real Estate Market,” and it is based on my doctoral dissertation. I owe special thanks to my dissertation advisors Steven Stern, Maxim Engers, and Edgar Olsen. I am also grateful to three referees for their valuable comments. In addition, I would like to thank John Rust, David Albouy, Jim Albrecht, Naoko Akashi, Patrick Bajari, Christina Rennhoff, Andrey Pavlov, Katja Seim, Ken Wilbur, and Anthony Yezer, workshop participants at the Lincoln Institute of Land Policy Urban Economics and Public Finance 2009 Conference, the AREUEA 2007 Mid-year Conference, the Ifo Institute Workshop on the Economics of Information and Network Industries, and the Society for Computational Economics 11th International Conference, as well as seminar participants at George Washington University, Indiana University, the Inter-American Development Bank, the New York Fed, Queens University, University of Cincinnati and the University of Virginia, for useful discussions and comments. I also gratefully acknowledge financial support from the Banco Central del Ecuador and from the University of Virginia’s Bankard Fund for Political Economy. The usual disclaimer applies. Please address correspondence to: Paul E. Carrillo, Department of Economics and Elliot School of International Affairs, George Washington University, 2115 G Street NW, Suite 364, Washington, DC 20052. Phone: 1 202 994 7608. E-mail: email@example.com.
AN EMPIRICAL STATIONARY EQUILIBRIUM SEARCH MODEL OF THE HOUSING MARKET*
Article first published online: 22 FEB 2012
© (2012) by the Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association
International Economic Review
Volume 53, Issue 1, pages 203–234, February 2012
How to Cite
Carrillo, . P. E. (2012), AN EMPIRICAL STATIONARY EQUILIBRIUM SEARCH MODEL OF THE HOUSING MARKET. International Economic Review, 53: 203–234. doi: 10.1111/j.1468-2354.2011.00677.x
Manuscript received February 2008; revised November 2009.
- Issue published online: 22 FEB 2012
- Article first published online: 22 FEB 2012
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