Zobrazeno 1 - 10
of 16
pro vyhledávání: '"Charles G. Nathanson"'
Publikováno v:
PLoS Computational Biology, Vol 6, Iss 1 (2010)
Externí odkaz:
https://doaj.org/article/0ddeddfbe3904bf59006efc8dda6a8c0
Publikováno v:
Journal of Financial Economics. 146:205-229
Publikováno v:
The Review of Financial Studies. 33:1-43
We study the effects of policies proposed to address “short-termism” in financial markets. We examine a noisy rational expectations model in which investors’ exposures and information about fundamentals endogenously vary across horizons. In thi
Autor:
Ian Dew-Becker, Charles G. Nathanson
Publikováno v:
Journal of Economic Theory. 181:461-496
This paper examines the implications of learning for the effects of ambiguity aversion. The key result is that since agents naturally choose to learn about the sources of uncertainty that reduce utility the most, information acquisition attenuates th
Publikováno v:
Journal of Urban Economics. 129:103427
We examine how housing supply constraints affect housing affordability, which we define as the quality-adjusted price of housing services. In our dynamic model, supply constraints increase the price of housing services by only half has much as the pu
Autor:
Charles G. Nathanson, Eric Zwick
Publikováno v:
The Journal of Finance. 73:2587-2633
This paper incorporates speculation into the standard supply-and-demand framework used to analyze housing booms and busts. Speculation reverses the common intuition that elastic housing supply attenuates housing booms. Housing market frictions make l
Publikováno v:
Journal of Financial Economics. 126:147-170
A model in which homebuyers make a modest approximation leads house prices to display three features present in the data but usually missing from perfectly rational models: momentum at one-year horizons, mean reversion at ve-year horizons, and excess
Publikováno v:
Journal of Political Economy. 125:1635-1682
Taxation affects the allocation of talented individuals across professions by blunting material incentives and thus magnifying nonpecuniary incentives of pursuing a “calling.” Estimates from the li...
Using data on 50 million home sales from the recent U.S. housing cycle, we document that much of the variation in volume came from the rise and fall in short-term speculation. Cities with larger speculative booms have larger price cycles, sharper inc
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::beaf2477f46c85e2d674beed74a50715
https://doi.org/10.3386/w23449
https://doi.org/10.3386/w23449
Publikováno v:
Journal of Urban Economics. 81:45-56
A dynamic linear rational equilibrium model in the tradition of Alonso, Rosen and Roback is consistent with many outstanding stylized facts of housing markets. These include: (a) that the markets are local in nature; (b) that construction persistence