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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 Sophie Larribeau
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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

Abstract: 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)
Date: 2003
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00069667
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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) Downloads
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) Downloads
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