What Do You Think About Climate Finance?
In: CESifo Working Paper No. 9350
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In: CESifo Working Paper No. 9350
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In: Annual Review of Financial Economics, Band 13, S. 37-55
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In: CEPR Discussion Paper No. DP16622
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Working paper
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Working paper
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Working paper
In: Journal of political economy, Band 127, Heft 3, S. 1391-1436
ISSN: 1537-534X
In: CESifo Working Paper Series No. 5607
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In: NBER Working Paper No. w20710
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Working paper
In: NBER Working Paper No. w19875
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In: International Journal of Central Banking, Band 8(2)
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In: NBER Working Paper No. w15626
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In: Annual Review of Financial Economics, Band 13, S. 15-36
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In: American economic review, Band 110, Heft 3, S. 720-759
ISSN: 1944-7981
We 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. (JEL D83, R21, R31)