Endogenous Sources of Volatility in Housing Markets: The Joint Buyer-Seller Problem
---- Acknowledgements -----
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 participants at Bank of Canada, Federal Reserve Board, 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.