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Testing a Hazard Model for the Housing Market in New Orleans

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  • Amaresh Das

Abstract

. The article presents a search‐theoretic approach to investigate the relationship between probability of a sale and market duration in the housing market. Using a hazard model to study duration dependence, the article, on the basis of data from New Orleans, provides empirical evidence that houses do exhibit duration dependence.

Suggested Citation

  • Amaresh Das, 2007. "Testing a Hazard Model for the Housing Market in New Orleans," American Journal of Economics and Sociology, Wiley Blackwell, vol. 66(2), pages 443-455, April.
    • Handle: RePEc:bla:ajecsc:v:66:y:2007:i:2:p:443-455
    DOI: 10.1111/j.1536-7150.2007.00519.x
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    References listed on IDEAS

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    7. David W. Rasmussen & Thomas W. Zuehlke, 1988. "The Evaluation of Residential Living Space," The Review of Regional Studies, Southern Regional Science Association, vol. 18(2), pages 47-53, Spring.
    8. Lippman, Steven A & McCall, John J, 1976. "The Economics of Job Search: A Survey: Part I," Economic Inquiry, Western Economic Association International, vol. 14(2), pages 155-189, June.
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