2014
DOI: 10.2139/ssrn.2526144
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The Effect of Credit Conditions on the Dutch Housing Market

Abstract: Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in… Show more

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Cited by 9 publications
(12 citation statements)
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References 38 publications
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“…In the housing market literature, examples of market liquidity include the rate of sale (Hort 2000, Genesove and Mayer 2001, De Wit, Englund and Francke 2013, (seller) time on market (Kang and Gardner 1989, Jud, Seaks and Winkler 1996, Glower, Haurin and Hendershott 1998 and the number of transactions (Wu and Brynjolfsson 2014). An example of funding liquidity is the ease with which a mortgage can be obtained (i.e., credit constraints, see Mian and Sufi 2009, Duca, Muellbauer and Murphy 2011, Francke, Van de Minne and Verbruggen 2014. In this article, we are interested in market liquidity and we employ the rate of sale as our measure.…”
Section: Market Liquiditymentioning
confidence: 99%
“…In the housing market literature, examples of market liquidity include the rate of sale (Hort 2000, Genesove and Mayer 2001, De Wit, Englund and Francke 2013, (seller) time on market (Kang and Gardner 1989, Jud, Seaks and Winkler 1996, Glower, Haurin and Hendershott 1998 and the number of transactions (Wu and Brynjolfsson 2014). An example of funding liquidity is the ease with which a mortgage can be obtained (i.e., credit constraints, see Mian and Sufi 2009, Duca, Muellbauer and Murphy 2011, Francke, Van de Minne and Verbruggen 2014. In this article, we are interested in market liquidity and we employ the rate of sale as our measure.…”
Section: Market Liquiditymentioning
confidence: 99%
“…Households with a taste for neo‐traditional architecture could also systematically be able and willing to spend more on housing consumption. Since most households lack the means of outright buying one of the single largest investments of their lives, mortgage debt and borrowing capacity play an important role ( e.g ., Francke, van de Minne, and Verbruggen ). In the Netherlands borrowing capacity is limited by both income (LTI) and the value of the dwelling (LTV).…”
Section: Introductionmentioning
confidence: 99%
“…This paper is the …rst to analyze e¤ects of price leadership bans. 24 To that end, we extend the linear demand symmetric product di¤erentiation duopoly model of barometric price leadership in Rotemberg and Saloner (1990) to n-…rms with di¤erent marginal costs. The competitive equilibrium is based on Cooper (1997).…”
Section: Related Literaturementioning
confidence: 99%
“…In a report to the European Commission, Beck et al (2010), on page 56, warned: "Banks that are prevented from trying to be a market leader just become passive followers exerting no real competitive discipline on their rivals, as though in some publicly-sponsored cartel. "24 On the legal literature on State aid to banks, including also descriptions of price leadership bans, see Laprévote et al (2017) 25. Alternative explanations o¤ered in the literature for why a …rm would take on the price leadership role in competition are consistent with the largest and most e¢ cient …rm leading.…”
mentioning
confidence: 99%