Metropolitan-Specific Estimates of the Price Elasticity of Supply of Housing, and Their Sources

By Richard K. Green, Stephen Malpezzi, S. K. Mayo. 2005

455 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/f55a79d540ac49fbae42495aad2451f67118e91d

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In Economics and Econometrics

Citations in the corpus

Job creation and housing construction: constraints on metropolitan area employment growth (2005, background): “Other related research includes Green et al. (1999), who estimate metropolitan-specific elasticities from”
Aging Baby Boomers and the Generational Housing Bubble: Foresight and Mitigation of an Epic Transition (2008, background): “A number of economists have recently addressed the price effects of regulations that restrict new construction ( Glaeser, Gyourko, & Saks, 2005 ; Green, Malpezzi, & Mayo, 2005 ; Quigley & Raphael, 2005 ).”
Housing markets and the financial crisis of 2007-2009: lessons for the future (2010, background): “…see Titman (1985), Mayo and Sheppard (1991, 1996), Bramley (1993a,b), Evans (1996), Mayer and Somerville (2000a,b), Malpezzi and Maclennan (2001), Swank et al. (2002), Barker (2003), Bramley and Leishman (2005), Green et al. (2005), Quigley (2007), Vermeulen and Rowendal (2007), and Saiz (2008).”
A Note on the Practice of Lagging Variables to Avoid Simultaneity (2013, unknown): “…simultaneity issues " (Cornett et al., 2007, p. 1781); " We therefore also perform regressions with lagged changes to avoid simultaneity problems " (Green et al., 2005, p. 335f.); " First, to minimize the possibility of simultaneity between privatization and performance, we investigate the impact…”
Supply Constraints Are Not Valid Instrumental Variables for Home Prices Because They Are Correlated with Many Demand Factors (2016, background): “Green et al. (2005) also consider the empirical relationship between supply constraints and the relationship between price and quantity growth. relevant omitted demand factors.”
Implications of US Tax Policy for House Prices, Rents, and Homeownership (2018, methodology): “Using data from the Consumer Expenditure Survey (CE), Gruber and Martin (2003) document that selling costs for housing are on average 7 percent, while buying costs are around 2.”
Home ownership as a (crumbling) fourth pillar of social insurance in Australia (2010, methodology): “This is supported by evidence from Green et al (2005) who show that estimates of supply elasticities vary substantially from place to place but are relatively inelastic in metropolitan areas (which means that house prices will rise with increased demand).”
Residential Land Use Regulation and the US Housing Price Cycle Between 2000 and 2009 (2012, methodology): “The measure of supply elasticity in Green et al. (2005) is from 45 MSA-specific regressions that use a proxy of percentage changes in housing stock as the left-hand-side variable and lagged differences in housing prices as the right-hand-side variable.”
The Impact of Supply Constraints on House Prices in England (2016, unknown): “A number of recent studies document that land use regulation reduces the housing supply price elasticity (e.g., Harter-Dreiman, 2004; Green et al., 2005; Quigley and Raphael, 2005; Saiz, 2010) whilst raising price levels (e.”