Premium
Testing a Hazard Model for the Housing Market in New Orleans
Author(s) -
Das Amaresh
Publication year - 2007
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/j.1536-7150.2007.00519.x
Subject(s) - duration (music) , hazard , hazard ratio , hazard model , econometrics , actuarial science , economics , proportional hazards model , statistics , mathematics , art , confidence interval , chemistry , organic chemistry , literature
A bstract . 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.