Prices and Trading Volume in the Housing Market: A Model with Down-Payment Effects
- 1 May 1995
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 110 (2) , 379-406
- https://doi.org/10.2307/2118444
Abstract
This paper presents a simple model of trade in the housing market. The crucial feature is that a minimum down payment is required for the purchase ofKeywords
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