A Dynamic Model of Demand for Houses and Neighborhoods

Patrick Bayer, Robert McMillan, Alvin Murphy, Christopher Timmins

NBER Working Paper No. 17250
Issued in July 2011

---- Acknowledgements -----

We would like to thank Morris Davis, Ed Glaeser, Phil Haile, Aviv Nevo, participants at the Econometric Society Summer Meetings, NBER Summer Institute, Regional Science Annual Meetings, Stanford Institute for Theoretical Economics, Duke’s Applied Microeconomics lunch groups, and seminar participants at the University of Arizona, UBC, Georgetown, Minnesota, NYU, Northwestern, Queen’s, Rochester, St. Louis Federal Reserve, and Yale for many helpful comments. We also thank Elliot Anenberg for excellent research assistance. This research was conducted with the support of the NSF (award #0721136) and SSHRC. All errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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