...Paloma Taltavull de la Paz Purpose – The paper develops a housing model equation for Spain and selected regions to estimate new supply elasticity. The aim of the paper is to assess the role of housing supply on price evolution and explain the fall in housing starts since the start of the credit...

... relationship between house prices and income implies we can use an error correction model (ECM) to estimate elasticities and associated adjustment parameters to long‐run equilibrium. However, unlike most existing studies who use either the standard Engle and Granger (1987) method (Hort, 1998 ; Harter...

... Originality/value -- This is the first paper to examine supply elasticity across a broad range of European office markets. Keywords: Supply and demand, Elasticity, Prices, Office buildings, Real estate, Europe www.emeraldinsight.com/10.1108/17539261011040514 This article...

...Franz Fuerst; Patrick McAllister Purpose The purpose of this paper is to investigate the relationships between supply and demand in 19 European office markets in the period 1991‐2006. It estimates the variations in the price elasticity of supply across the different markets. The paper tests...