Endogenous Sources of Volatility in Housing Markets: The Joint Buyer-Seller Problem
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The analysis and conclusions set forth are those of the authors and do not indicate concurrence by other members of the research staff or the Board of Governors. We thank Steven Laufer, Plamen Nenov, and seminar and conference participants at AEA Meetings, Econometric Society Meetings, Bank of Canada, UC Berkeley (Haas), CEMMAP Housing Conference, Federal Reserve Board of Governors, NY Fed, Wharton and Wisconsin for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.