The bank's market power and the interest-rate elasticity of demand for housing: an econometric study of discrimination on French mortgage data
Robert Gary-Bobo () and
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Sophie Larribeau: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR1 - Université de Rennes 1 - UNIV-RENNES - Université de Rennes - CNRS - Centre National de la Recherche Scientifique
Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL
We specify several variants of a structural econometric model explaining mortgage interest rates and loan sizes simultaneously. The models are estimated by simultaneous equation methods with a sample of loan files originated from a French mortgage lender. They yield estimates of the interest-rate elasticity of the demand for housing. Different occupational status groups happen to have different values of structural preference parameters.We show how these differences translate into differential treatment of socio-economicgroups by the banker.
Keywords: bank's market power; interest-rate elasticity; demand for housing; French mortgage data; econometric study (search for similar items in EconPapers)
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Published in Annales d'Economie et de Statistique, INSEE-GENES, 2003, pp.377-398
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Journal Article: The Bank's Market Power and the Interest-Rate Elasticity of Demand for Housing: An Econometric Study of Discrimination on French Mortgage Data (2003)
Working Paper: The Bank's Market Power and the Interest Rate Elasticity of Demand for Housing: An Econometric Study of Discrimination on French Mortgage Data (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:halshs-00069667
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