摘要翻译：
在这篇文章中，我们建立了一个房地产价格演变的模型。广泛的投入，包括随机利率和不断变化的资产需求，被考虑。在这些不断变化的市场条件下，房屋所有者最大化其期望效用，做出最优的销售决策。利用这些最优销售决策，我们模拟了住房价格的隐含演变，为最近的次贷危机提供了洞察力。
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英文标题：
《Housing Market Microstructure》
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作者：
Hazer Inaltekin, Robert Jarrow, Mehmet Saglam and Yildiray Yildirim
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最新提交年份：
2009
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分类信息：

一级分类：Quantitative Finance        数量金融学
二级分类：Trading and Market Microstructure        交易与市场微观结构
分类描述：Market microstructure, liquidity, exchange and auction design, automated trading, agent-based modeling and market-making
市场微观结构，流动性，交易和拍卖设计，自动化交易，基于代理的建模和做市
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英文摘要：
  In this article, we develop a model for the evolution of real estate prices. A wide range of inputs, including stochastic interest rates and changing demands for the asset, are considered. Maximizing their expected utility, home owners make optimal sale decisions given these changing market conditions. Using these optimal sale decisions, we simulate the implied evolution of housing prices providing insights into the recent subprime lending crisis.
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PDF链接：
https://arxiv.org/pdf/0907.1853