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A Model of Housing in the Presence of Adjustment Costs: A Structural Interpretation of Habit Persistence
16 references·4 citing·31 second hop
A Model of Housing in the Presence of Adjustment Costs: A Structural Interpretation of Habit Persistence (2004)A Model of Housing in the Presence of Adj…Housing, consumption and asset pricing (2006)Housing, consumption and asse…OWNER-OCCUPIED HOUSING AS A HEDGE AGAINST RENT RISK (2003)OWNER-OCCUPIED HOUSING AS A H…Owner-Occupied Housing and the Composition of the Household Portfolio (2002)Owner-Occupied Housing and th…By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior (1999)By Force of Habit: A Consumpt…By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior (1995)By Force of Habit: A Consumpt…Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis (1991)Substitution, Risk Aversion, …Habit Formation: A Resolution of the Equity Premium Puzzle (1990)Habit Formation: A Resolution…Asset Prices under Habit Formation and Catching up with the Joneses (1990)Asset Prices under Habit Form…Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework (1989)Substitution, Risk Aversion, …The Efficiency of the Market for Single-Family Homes (1988)The Efficiency of the Market …Intertemporal Substitution in Consumption (1988)Intertemporal Substitution in…The equity premium: A puzzle (1985)The equity premium: A puzzleIntertemporal Substitution in Consumption (1981)Intertemporal Substitution in…Asset Prices in an Exchange Economy (1978)Asset Prices in an Exchange E…Optimum consumption and portfolio rules in a continuous-time model (1971)Optimum consumption and portf…Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)Lifetime Portfolio Selection …Consumption Ratcheting and Loss Aversion (2019)Consumption Ratcheting and Lo…An Intertemporal Preference with Risk and Loss Aversion (2019)An Intertemporal Preference w…Reconstructing the Great Recession (2013)Reconstructing the Great Rece…Reconstructing the Great Recession (2013)Reconstructing the Great Rece…Rational herding in financial economics (1996)Is There a Bubble in the Housing Market? (2003)Distance and Private Information in Lending (2010)Short- Term Interest Rates as Predictors of Inflation (2021)Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence (1978)The Dual Theory of Choice under Risk (1987)Dynamic Asset Pricing Theory. (1993)Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles (2000)Investor Psychology and Asset Pricing (2001)Aspects of the Theory of Risk-Bearing. (1966)LIFETIME PORTFOLIO SELECTION BY DYNAMIC STOCHASTIC PROGRAMMING (1975)Risk Aversion in the Small and in the Large (1976)Predicting Excess Stock Returns Out of Sample: Can Anything Beat the Historical Average? (2007)An Intertemporal Capital Asset Pricing Model (1973)Optimal Investment, Growth Options, and Security Returns (1998)The Economics and Psychology of Personality Traits (2008)Expected Stock Returns and Variance Risk Premia (2009)Lifetime Portfolio Selection By Dynamic Stochastic Programming (1969)An equilibrium characterization of the term structure (1977)A Theory of the Term Structure of Interest Rates (1985)Time to Build and Aggregate Fluctuations (1982)Noise Trader Risk in Financial Markets (1990)Consumption, Aggregate Wealth, and Expected Stock Returns (2001)Relative Income, Happiness, and Utility: An Explanation for the Easterlin Paradox and Other Puzzles (2008)Rational Expectations and the Theory of Price Movements (1961)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Economic Forces and the Stock Market (1986)Efficient Capital Markets: II (1991)Prospect Theory and Asset Prices (2001)ARCH modeling in finance (1992)Investor Psychology and Security Market Under‐ and Overreactions (1998)
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References

  • 1971Optimum consumption and portfolio rules in a continuous-time model5,966 cited
  • 1985The equity premium: A puzzle5,785 cited
  • 1969Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case5,199 cited
  • 1999By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior5,088 cited
  • 1978Asset Prices in an Exchange Economy5,057 cited
  • 1989Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework4,270 cited
  • 1990Habit Formation: A Resolution of the Equity Premium Puzzle2,129 cited
  • 1990Asset Prices under Habit Formation and Catching up with the Joneses2,021 cited
  • 1988The Efficiency of the Market for Single-Family Homes1,828 cited
  • 1991Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis1,703 cited
  • 1988Intertemporal Substitution in Consumption1,567 cited
  • 1995By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior1,527 cited
  • 1981Intertemporal Substitution in Consumption1,397 cited
  • 2002Owner-Occupied Housing and the Composition of the Household Portfolio832 cited
  • 2003OWNER-OCCUPIED HOUSING AS A HEDGE AGAINST RENT RISK

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743 cited
  • 2006Housing, consumption and asset pricing720 cited
  • Cited by

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    • 2019An Intertemporal Preference with Risk and Loss Aversion1 cited
    • 2019Consumption Ratcheting and Loss Aversion0 cited