JER, 第 1 卷Hanyang Economic Research Institute in collaboration with Hanyang University College of Business and Economics, 1996 |
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第 1 到 3 筆結果,共 13 筆
第 36 頁
... zero and one , the household plans to move and own in the second period . If a is realized to be two , the household plans to rent for the entire planning period . Both variance and mean of the future cost of housing increase as is more ...
... zero and one , the household plans to move and own in the second period . If a is realized to be two , the household plans to rent for the entire planning period . Both variance and mean of the future cost of housing increase as is more ...
第 39 頁
... zero so that the variance - related income and substitution effects can be ignored . " 4. CONCLUDING REMARKS 15 Previous intertemporal studies on housing have mainly focused on how im- perfect capital markets and the downpayment ...
... zero so that the variance - related income and substitution effects can be ignored . " 4. CONCLUDING REMARKS 15 Previous intertemporal studies on housing have mainly focused on how im- perfect capital markets and the downpayment ...
第 54 頁
... zero . [ Proof ] Suppose to the contrary that > 0 and > 0. Then , both con- straints ( 4 ) and ( 5 ) are binding , and thus ( 1 - a ) U ( s ) + aU ( S21 ) = ( 1 - B ) U ( S12 ) + BU ( S22 ) , ( 1-7 ) U ( s ) + yU ( S21 ) = ( 1-8 ) U ...
... zero . [ Proof ] Suppose to the contrary that > 0 and > 0. Then , both con- straints ( 4 ) and ( 5 ) are binding , and thus ( 1 - a ) U ( s ) + aU ( S21 ) = ( 1 - B ) U ( S12 ) + BU ( S22 ) , ( 1-7 ) U ( s ) + yU ( S21 ) = ( 1-8 ) U ...