Construct · 1 fields · 1 citations

down-payment effect: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
down-paymenteffect1 CONSTRUCTDown-payment effectSTEIN · URBAN ECONOMICS

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Urban economics

when falling prices erode owners' equity below what a new down payment needs, they cannot move, lowering sales and amplifying price swings.

In urban economics, down-payment effect refers to when falling prices erode owners' equity below what a new down payment needs, they cannot move, lowering sales and amplifying price swings. This meaning comes from Stein (1995) in The Quarterly Journal of Economics.[1]

Unit
Recovery means
Measured by

Next

Run it through the Collider, or take the citations with you.

See how down-payment effect sits against neighbouring constructs in the Collider, or export every reference on this page in one click.

Open in ColliderExport BibTeXReport this entry

Nearby constructs

equity4 fields · 4 citationsjingle · one word, four constructs

References

  1. Stein, J. C. (1995). Prices and Trading Volume in the Housing Market: A Model with Down-Payment Effects. The Quarterly Journal of Economics, 110(2), 379-406. https://doi.org/10.2307/2118444

Cited on this page?

Confirm your construct, or correct us.

If your work is cited behind one of these entries, you know better than we do whether we captured the meaning right. Confirm it, suggest an edit, or dispute it, and your name goes on the entry as an author who has checked it, linked to your ORCID.

Claim your construct