000 01057cab a22002055a 4500
001 L148923
008 091130s2009 xxk f 000 0 eng d
035 _a(Sirsi) u148923
041 0 _aeng
100 1 _aLevin, Eric J.
245 0 0 _aWhat determines the price elasticity of house supply?
_breal interest rate effects and cyclical asymmetries
260 _c2009
490 _aHousing Studies
_v24 (6) November 2009, 713-736(24)
520 _aPaper discusses the price elasticity of supply. Seeks to establish the effect of long-term real interest rates. Explains that, when there is restrictive planning and market imperfections, changes in long real interests rates cause both house price rises and a low elasticity supply. Argues that changes in the financial system and increase of government regulation of the planning process aggravated cyclical asymmetries in the supply response.
590 _aKA
651 4 _aUnited Kingdom
_y
690 _aPROPERTY-RESIDENTIAL PROPERTY-RESIDENTIAL PROPERTY MARKET
700 1 _aPryce, Gwilym
942 _n0
999 _c82006
_d82006