[position in research by date]
[position in research by subject]
"Disequilibrium in Housing Models,"
Journal of Finance,
May 1972, 207-221.
pdf file (1,068KB).
This papers outlines a general model of housing and mortgage markets based
on the housing and mortgage model in my overall forecasting model--see
Chapter 8 in 1971#5--and then critiques a
number of other models within this framework. The stress is on
disequilibrium issues, which were an important part of the housing and
mortgage markets at this time.