Heterogeneity within Communities: A Stochastic Model with Tenure Choice (2005)
Ortalo-Magné, François, Rady, Sven
Standard explanations for the income heterogeneity within neighborhoods rely on differences of preferences across households and heterogeneity of the housing stock. We propose an alternative and...
Ortalo-Magné, François, Rady, Sven
We propose a life-cycle model of the housing market with a property ladder and a credit constraint. We focus on equilibria which replicate the facts that credit constraints delay some households'...
Rady, Sven, Ortalo-Magné, François
We develop a dynamic stochastic equilibrium model of two locations within a city where heterogeneous households make joint location and tenure mode decisions. To investigate the effect of...
Housing Market Dynamics (2001)
Rady, Sven, Ortalo-Magné, François
This paper presents a dynamic theory of housing market fluctuations. It develops a life-cycle model where households are heterogeneous with respect to income and preferences, and mortgage lending is...
Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraint
François Ortalo-Magné, Sven Rady
We propose a life-cycle model of the housing market with a property ladder and a credit constraint. We focus on equilibria which replicate the facts that credit constraints delay some households'...
Heterogeneity within Communities: A Stochastic Model with Tenure Choice
François Ortalo-Magné, Sven Rady
Standard explanations for the income heterogeneity within neighborhoods rely on differences of preferences across households and heterogeneity of the housing stock. We propose an alternative and...
Heterogeneity within Communities: A Stochastic Model with Tenure Choice
François Ortalo-Magné, Sven Rady
Standard explanations for the income heterogeneity within neighborhoods rely on differences of preferences across households and heterogeneity of the housing stock. We propose an alternative and...
What’s really going on in housing markets?
Morris A. Davis, François Ortalo-Magné, Peter Rupert
Most of the public concern about housing markets is based on claims that house prices have increased at historically anomalous rates and that house prices have outpaced incomes. The first claim is...
Bargaining over Residential Real Estate: Evidence from England (Third Version)
Antonio Merlo, François Ortalo-Magné
This paper presents a new data set of individual residential property transactions in England. The main novelty of the data is the record of all listing price changes and all offers made between...
Five proposals for a European model of the countryside
Louis Pascal Mahé, François Ortalo-Magné
The inability of European institutions to reform the common agricultural policy is a landmark case of political failure. The CAP has led to several policy failures. It helps mainly the well-off...
Heterogeneity within Communities: A Stochastic Model with Tenure Choice
Ortalo-Magné, François, Rady, Sven
Standard explanations for the income heterogeneity within neighborhoods rely on differences of preferences across households and heterogeneity of the housing stock. We propose an alternative and...
Ortalo-Magné, François, Rady, Sven
We propose a life-cycle model of the housing market with a property ladder and a credit constraint. We focus on equilibria which replicate the facts that credit constraints delay some households'...
Rady, Sven, Ortalo-Magné, François
We develop a dynamic stochastic equilibrium model of two locations within a city where heterogeneous households make joint location and tenure mode decisions. To investigate the effect of...
Rady, Sven, Ortalo-Magné, François
This paper presents a dynamic theory of housing market fluctuations. It develops a life-cycle model where households are heterogeneous with respect to income and preferences, and mortgage lending is...
Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints
Ortalo-Magné, François, Rady, Sven
This Paper presents a dynamic theory of housing market fluctuations. It develops a life-cycle model where households are heterogeneous with respect to income and preferences, and mortgage lending is...