000			01218nam a22001577a 4500
999			_c514201 _d514201
008			201014b ||||| |||| 00| 0 eng d
100			_aPiazzesi , Monika et al _918645
245			_aSegmented housing search
260			_aThe American Economic Review
300			_a110(3), Mar, 2020: p.721-759
520			_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
650			_aInformation and knowledge, Communication, Unawareness, Housing demand _918605
773			_aThe American Economic Review
906			_aHOUSING SUPPLY AND MARKETS
942			_cAR