01338nam a22001697a 4500999001900000008004100019100003500060245002900095260003300124300003300157520071800190650008100908773003300989906003101022942000701053952010801060  c514201d514201201014b           ||||| |||| 00| 0 eng d  aPiazzesi , Monika et al918645  aSegmented housing search  aThe American Economic Review  a110(3), Mar, 2020: p.721-759  aWe study housing markets with multiple segments searched by heterogeneous clienteles. In the San Francisco Bay Area, search activity and inventory covary negatively across cities, but positively across market segments within cities. A quantitative search model shows how the endogenous flow of broad searchers to high-inventory segments within their search ranges induces a positive relationship between inventory and search activity across segments with a large common clientele. The prevalence of broad searchers shapes the response of housing markets to localized supply and demand shocks. Broad searchers help spread shocks across many segments and reduce their effect on local market activity. – Reproduced  aInformation and knowledge, Communication, Unawareness, Housing demand918605  aThe American Economic Review  aHOUSING SUPPLY AND MARKETS  cAR  00102ddc40709388213aIIPAbIIPAd2020-10-14h110(3), Mar, 2020: p.721-759pAR123247r2020-10-14yAR