Supply constraints and housing prices

被引:25
作者
Aura, Saku [2 ]
Davidoff, Thomas [1 ]
机构
[1] Univ Calif Berkeley, Haas Sch Business, Berkeley, CA 94720 USA
[2] Univ Missouri, Columbia, MO 65211 USA
关键词
housing supply and markets; regulatory policies; land use patterns;
D O I
10.1016/j.econlet.2007.07.019
中图分类号
F [经济];
学科分类号
02 ;
摘要
We analyze the effects of supply constraints on housing prices. For plausible parameterizations, loosening regulatory constraints in individual jurisdictions would have little effect on prices, while coordinated loosening across markets could have large price effects. (C) 2007 Elsevier B.V. All rights reserved.
引用
收藏
页码:275 / 277
页数:3
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