Download or read book The Banks s Market Power and the Interest rate Elasticity of Demand for Housing an Econometric Study of Discrimination on French Mortgage Data written by Robert J. Gary-Bobo and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Bank s Market Power and the Interest rate Elasticity of Demand for Housing written by Robert Gary-Bobo and published by . This book was released on 2003 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Bank s Market Power and the Interest rate Elasticity of Demand for Housing an Econometrics Study of Discrimination on French Mortage Data written by Robert Gary-Bobo and published by . This book was released on 2003 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Bank s Market Power and the Interest rate Elsticity of Demand for Housing written by Robert Gary-Bobo and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Structural Econometric Model of Price Discrimination in the Mortgage Lending Industry written by Robert Gary-Bobo and published by . This book was released on 2002 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Structural Econometric Model of Price Discrimination in the Mortgage Lending Industry written by Robert J. Gary-Bobo and published by . This book was released on 2015 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: We propose a model of discrimination in the market for mortgages. The model explains accepted loan applications and determines loan sizes and interest rates simultaneously. A competitive and a discriminating monopoly version of the model are proposed. Offered interest rates and loan sizes are a function of observable borrower characteristics. The competitive model rests on a marginal condition, reflecting contract optimality, to which a zero-profit condition is added. In contrast, the discriminating monopoly maximizes profits under a borrower participation constraint, reflecting the availability of a rental market as an outside option. Each version of the model is a bivariate, nonlinear model, and is estimated by standard maximum likelihood methods. The data used for estimation is a sample of clients of a French network of mortgage lenders. We show the presence of quot;social discriminationquot; in the data, the loan conditions depending, not only on the borrower's wage and downpayment, but also on the borrower's occupational status. Abnormally high risk premia in the competitive version of the model suggest the presence of market power, justifying an attempt at estimating its monopolistic version. The discriminating monopoly model estimates show that the borrowers' price-elasticity of demand for housing varies with occupational status, and is inversely related with the lender's interest rate markups. This confirms that the lender exploits structural differences in the preferences to discriminate, as predicted by standard theories.
Download or read book Interest Rate Elasticity of Residential Housing Prices written by Mr.Martin Cihak and published by International Monetary Fund. This book was released on 2008-10-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the interest rate elasticity of housing prices, advancingthe empirical literature in two directions. First, we take a commonly used cross-country panel dataset and evaluate the housing price equation using a consistent estimator in the presence of endogenous explanatory variables and a lagged dependent variable. Second, we carry-out a novel analysis of determinants of residential housing prices in a cross-section of countries. Our results show that the short-term interest rate, and hence monetary policy, has a sizable impact on residential housing prices.
Download or read book Annales d conomie et de statistique written by and published by . This book was released on 2003-07 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Heterogeneity of Investors and Asset Pricing in a Risk value World written by Günter Franke and published by . This book was released on 2003 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Job Reallocation and Productivity Growth Under Alternative Economic Systems and Policies written by J. David Brown and published by . This book was released on 2003 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Judging Fund Managers by the Company They Keep written by Randolph B. Cohen and published by . This book was released on 2003 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a performance evaluation approach in which a fund manager's skill is judged by the extent to which his investment decisions resemble the decisions of managers with distinguished performance records. The proposed performance measures use historical returns and holding of many funds to evaluate the performance of a single fund. Simulations demonstrate that our measures are particularly useful in ranking managers. In an application that relies on such ranking, our measures reveal strong predictability in the returns of U.S. equity funds. Our measures provide information about future fund returns that is not contained in the standard measures.
Download or read book Deposit Interest Rate Ceilings and Housing Credit written by United States. President's Inter-Agency Task Force on Regulation Q. and published by . This book was released on 1979 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Adjustable rate Mortgages and the Demand for Mortgage Credit written by John L. Goodman and published by . This book was released on 1990 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Econometric Models of the Housing Sector written by J. Eric Fredland and published by Urban Institute Press. This book was released on 1978 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Housing and Discrimination in Economics written by Jean-Benoît Eyméoud and published by . This book was released on 2018 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first chapter documents a key parameter to understand the housing market: the elasticity of housing supply in French urban areas. We show that this elasticity can be apprehended in two ways by considering the intensive and extensive supply of housing. Thanks to a large amount of new data collected and an original estimation strategy, this first chapter estimates and decomposes the two elasticities. The second chapter is devoted to the possibilities offered by Big Data for studying the French rental housing market. By using online data from December 2015 to June 2017 and comparing this data with traditional administrative data, we find that the Internet provides data to accurately track local real estate markets.The third chapter deals with the discrimination of women in politics. It exploits a natural experiment, the French departmental elections of 2015 during which, for the first time in the history of the French elections, the candidates had to present themselves in pairs of candidates necessarily mixed. Using the fact that the order of appearance of the candidates on a ballot was determined by the alphabetical order and showing that this rule does not seem to have been used strategically by the parties, we show, first, that the position of women on the ballot is random, and second, that the right-hand pairs for whom the name of the female candidate is in first position on the ballot receive on average 1.5 percentage points less than votes.
Download or read book Relationships Between the Mortgage Instrument the Demand for Housing and Mortgage Credit written by J Kearl and published by Forgotten Books. This book was released on 2018-03-05 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Relationships Between the Mortgage Instrument, the Demand for Housing and Mortgage Credit: A Review of Empirical Studies Section III reviews the results of Task II and develops a general framework for analyzing housing and mortgage markets. This discussion is necessary since much of the existing literature lacks a cohesive theoretical framework and does not deal directly with some of the proposed alterations of the existing mortgage instruments. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Download or read book The Mortgage Market written by Mark Boléat and published by Taylor & Francis. This book was released on 1987-01-01 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
