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In economics, the primary efficiency requirement in house allocation is PE.There are various algorithms attaining a PE allocation in various settings. Probably the simplest algorithm for house allocation is serial dictatorship: the agents are ordered in some arbitrary order (e.g. by seniority), and each agent in turn picks the best remaining house by his/her preferences.
In addition to shortage and affordability issues, the term "housing crisis" has been used for overlapping concepts such as a "fair housing crisis," involving residential discrimination and effects of segregation; an "eviction crisis"; issues of gentrification and displacement; and environmental concerns.
The expansion of the big modern cities gives the land in certain sections of them, particularly in those which are centrally situated, an artificial, often economically increasing, value; the buildings erected in those areas depress this value . . . because they no longer correspond to the changed circumstances. . . .
San Francisco has been the poster child for skyrocketing home prices in the U.S., with a typical home value of more than $1.26 million, according to Zillow. While there is still heated competition ...
Existing home sales dropped 14.6% in October on a year-over-year basis—a new 13-year low.
The economy might seem to be improving, but it could just be the calm before the storm that is a possible recession. It’s still far too early to celebrate a soft landing, according to well-known ...
In many applications, objective functions, including loss functions as a particular case, are determined by the problem formulation. In other situations, the decision maker’s preference must be elicited and represented by a scalar-valued function (called also utility function) in a form suitable for optimization — the problem that Ragnar Frisch has highlighted in his Nobel Prize lecture. [4]
Before the crash, the housing market prophet was warning that subprime loans were probably the “greatest financial problem” for the U.S. economy, and in January 2006 wrote an article titled ...