• Publications
  • Influence
Vacancy, Search, and Prices in a Housing Market Matching Model
  • W. Wheaton
  • Economics
  • Journal of Political Economy
  • 1 December 1990
A model of the single-family housing market is proposed in which households that move are both buyers and sellers. Households move when a stochastic process leaves them dissatisfied with theirExpand
  • 637
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Urban Economics and Real Estate Markets
I. INTRODUCTION TO REAL ESTATE MARKETS. 1. The Property and Capital Markets. 2. The Operation of Property Markets: A Micro and Macro Approach. II. MICROECONOMIC ANALYSIS OF PROPERTY MARKETS.Expand
  • 792
  • 31
The Markets for Real Estate Assets and Space: A Conceptual Framework
In this study, we present a simple analytic framework that divides the real estate market into two markets: the market for real estate space and the market for real estate assets. After describingExpand
  • 259
  • 24
  • PDF
Real Estate 'Cycles': Some Fundamentals
This paper demonstrates that different types of real estate can have very different cyclic properties. Empirically, it is shown that they do, and the question is posed as to what might distinguishExpand
  • 304
  • 22
The Cyclic Behavior of the National Office Market
A review of the post WWII data on national office building construction and vacancy, reveals a recurrent ten-twelve year cycle. Specifying and estimating a structural econometric model for theseExpand
  • 240
  • 19
Land Use and Density in Cities with Congestion
Abstract It was well documented that monocentric spatial models with congestion require driving tolls to generate market efficiency. Because driving and location are equivalent, tolling congestion isExpand
  • 157
  • 10
Urban Concentration, Agglomeration Economies, and the Level of Economic Development
There is a view among planners in the developing nations that the process of economic development invariably results in the concentration of population in one or two "primal" cities.' There is also,Expand
  • 259
  • 9
A comparative static analysis of urban spatial structure
More than a decade has passed since Alonso published his general theory of the urban land market [l]. In the intervening years, a number of other authors have also developed equilibrium models ofExpand
  • 369
  • 9
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