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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Robert Gary-Bobo: TEAM - Théories et Applications en Microéconomie et Macroéconomie - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

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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
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Published in Annales d'Economie et de Statistique, 2003, 71-72, pp.377-398

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Related works:
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:journl:halshs-00069667

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