SlideShare uma empresa Scribd logo
1 de 1
Baixar para ler offline
1. What are the main characteristics of perfectly competitive markets? Do housing markets share
these characteristics? (see Campbell, Giglio, and Pathak 2011,scroll down to the bottom)
2. Explain the determinants of supply and demand of real estate properties. Are real estate prices
predictable? What are typical causes of bubbles on real estate markets?
3. What are the factors determining how long a property stays on the market? Address general
market conditions as well as microeconomics factors affecting buyers’ and sellers’ decisions.
http://www.jchs.harvard.edu/sites/jchs.harvard.edu/files/w09-4_pathak.pdf
Solution
1. characteristics of a perfectly competitive market:
there are many buyers and sellers in the market
all products are homogenious in nature
free float of information to the buyers
there are no entry and exit barriers to the sellers
absence of transportation cost
2. usually, the real estate market is a market which should have a study growth in the market. but
because of many factors, the market is becomes unpredictable in reality. there are many middle
man who creates artifical boom in market and they are creating fears about the market. the
demand will be in a normal position in normal conditions, but the brokers and intermediaries are
creating many myths and dominating the market.
the demand is constant in this market and supply is stable. there is no chance to expect high
supply, because the land is fixed irrespective of conditions in nations.
3. when ever the market and economic conditions are changes then automatically the financial
conditions of people also changes. people will show interest to sell their holdings at higher prices
and there will be some one who interested to own it at the prices. usually it may take around 15
years to 20 years

Mais conteúdo relacionado

Semelhante a 1. What are the main characteristics of perfectly competitive market.pdf

Commodity market
Commodity marketCommodity market
Commodity market
Dharmik
 
Marketing introduction ppt
Marketing introduction pptMarketing introduction ppt
Marketing introduction ppt
EswariS4
 
Manipulation in commodity futures markets
Manipulation in commodity futures marketsManipulation in commodity futures markets
Manipulation in commodity futures markets
Harry Sullivan
 
1012019 Printhttpscontent.ashford.eduprintAUBUS640..docx
1012019 Printhttpscontent.ashford.eduprintAUBUS640..docx1012019 Printhttpscontent.ashford.eduprintAUBUS640..docx
1012019 Printhttpscontent.ashford.eduprintAUBUS640..docx
herminaprocter
 
On Market-Boundaries in Pharmaceutical Sector (at Competition Commission of I...
On Market-Boundaries in Pharmaceutical Sector (at Competition Commission of I...On Market-Boundaries in Pharmaceutical Sector (at Competition Commission of I...
On Market-Boundaries in Pharmaceutical Sector (at Competition Commission of I...
Chirantan Chatterjee
 
The uncontrolled Capitalism
The uncontrolled CapitalismThe uncontrolled Capitalism
The uncontrolled Capitalism
Sandeep Mehta
 
20130126 international economics chap1 introduction
20130126 international economics chap1 introduction20130126 international economics chap1 introduction
20130126 international economics chap1 introduction
FED事務局
 
Porters5forcesmodel-120505004926-phpapp02 (1)
Porters5forcesmodel-120505004926-phpapp02 (1)Porters5forcesmodel-120505004926-phpapp02 (1)
Porters5forcesmodel-120505004926-phpapp02 (1)
Danish Shaikh
 
The presentation on the effect of commodity futures
The presentation on the effect of commodity futuresThe presentation on the effect of commodity futures
The presentation on the effect of commodity futures
poshiyaashvin
 

Semelhante a 1. What are the main characteristics of perfectly competitive market.pdf (19)

Pindyckmicroeconomics6edsolution by sherazahmed383@yahoo.com
Pindyckmicroeconomics6edsolution by sherazahmed383@yahoo.comPindyckmicroeconomics6edsolution by sherazahmed383@yahoo.com
Pindyckmicroeconomics6edsolution by sherazahmed383@yahoo.com
 
Module 4 Economics for Managers
Module 4 Economics for Managers Module 4 Economics for Managers
Module 4 Economics for Managers
 
541978135-Lesson-2-2-Demand-and-Supply-in-Relation-to-the-Prices-of-Basic-Com...
541978135-Lesson-2-2-Demand-and-Supply-in-Relation-to-the-Prices-of-Basic-Com...541978135-Lesson-2-2-Demand-and-Supply-in-Relation-to-the-Prices-of-Basic-Com...
541978135-Lesson-2-2-Demand-and-Supply-in-Relation-to-the-Prices-of-Basic-Com...
 
Commodity market
Commodity marketCommodity market
Commodity market
 
Economics 5
Economics 5Economics 5
Economics 5
 
Structure of market
Structure of marketStructure of market
Structure of market
 
Structure of market
Structure of marketStructure of market
Structure of market
 
Marketing introduction ppt
Marketing introduction pptMarketing introduction ppt
Marketing introduction ppt
 
Manipulation in commodity futures markets
Manipulation in commodity futures marketsManipulation in commodity futures markets
Manipulation in commodity futures markets
 
1012019 Printhttpscontent.ashford.eduprintAUBUS640..docx
1012019 Printhttpscontent.ashford.eduprintAUBUS640..docx1012019 Printhttpscontent.ashford.eduprintAUBUS640..docx
1012019 Printhttpscontent.ashford.eduprintAUBUS640..docx
 
Economics 100 mcqs test bank.docx
Economics 100 mcqs test bank.docxEconomics 100 mcqs test bank.docx
Economics 100 mcqs test bank.docx
 
On Market-Boundaries in Pharmaceutical Sector (at Competition Commission of I...
On Market-Boundaries in Pharmaceutical Sector (at Competition Commission of I...On Market-Boundaries in Pharmaceutical Sector (at Competition Commission of I...
On Market-Boundaries in Pharmaceutical Sector (at Competition Commission of I...
 
The uncontrolled Capitalism
The uncontrolled CapitalismThe uncontrolled Capitalism
The uncontrolled Capitalism
 
20130126 international economics chap1 introduction
20130126 international economics chap1 introduction20130126 international economics chap1 introduction
20130126 international economics chap1 introduction
 
Porters5forcesmodel-120505004926-phpapp02 (1)
Porters5forcesmodel-120505004926-phpapp02 (1)Porters5forcesmodel-120505004926-phpapp02 (1)
Porters5forcesmodel-120505004926-phpapp02 (1)
 
The presentation on the effect of commodity futures
The presentation on the effect of commodity futuresThe presentation on the effect of commodity futures
The presentation on the effect of commodity futures
 
Grand Project Report on “A Study of Investor’s Perception on IPO And IPOs Per...
Grand Project Report on “A Study of Investor’s Perception on IPO And IPOs Per...Grand Project Report on “A Study of Investor’s Perception on IPO And IPOs Per...
Grand Project Report on “A Study of Investor’s Perception on IPO And IPOs Per...
 
4459.04 Executive Summary
4459.04 Executive Summary4459.04 Executive Summary
4459.04 Executive Summary
 
MEFA UNIT4 NOTES.pdf
MEFA UNIT4 NOTES.pdfMEFA UNIT4 NOTES.pdf
MEFA UNIT4 NOTES.pdf
 

Mais de americandigitalshop

1. What exactly is globalization2. What has been the impact of th.pdf
1. What exactly is globalization2. What has been the impact of th.pdf1. What exactly is globalization2. What has been the impact of th.pdf
1. What exactly is globalization2. What has been the impact of th.pdf
americandigitalshop
 
1. What is a population What is a sample2. What is descriptive s.pdf
1. What is a population What is a sample2. What is descriptive s.pdf1. What is a population What is a sample2. What is descriptive s.pdf
1. What is a population What is a sample2. What is descriptive s.pdf
americandigitalshop
 
1. What are the elementary factors of the Labor Process accordin.pdf
1. What are the elementary factors of the Labor Process accordin.pdf1. What are the elementary factors of the Labor Process accordin.pdf
1. What are the elementary factors of the Labor Process accordin.pdf
americandigitalshop
 
1. Which kind of organization is more likely to feature employees wh.pdf
1. Which kind of organization is more likely to feature employees wh.pdf1. Which kind of organization is more likely to feature employees wh.pdf
1. Which kind of organization is more likely to feature employees wh.pdf
americandigitalshop
 
Metfi 120 (introduction to Weather and Climato) Orline - Unit 2 Revie.pdf
 Metfi 120 (introduction to Weather and Climato) Orline - Unit 2 Revie.pdf Metfi 120 (introduction to Weather and Climato) Orline - Unit 2 Revie.pdf
Metfi 120 (introduction to Weather and Climato) Orline - Unit 2 Revie.pdf
americandigitalshop
 
Mediate the movement of a single solute from one side of the membrane.pdf
 Mediate the movement of a single solute from one side of the membrane.pdf Mediate the movement of a single solute from one side of the membrane.pdf
Mediate the movement of a single solute from one side of the membrane.pdf
americandigitalshop
 

Mais de americandigitalshop (20)

1. What is the total amount of current assets reported on Timber Cor.pdf
1. What is the total amount of current assets reported on Timber Cor.pdf1. What is the total amount of current assets reported on Timber Cor.pdf
1. What is the total amount of current assets reported on Timber Cor.pdf
 
1. What is a supply chain How can managerial accountants help to im.pdf
1. What is a supply chain How can managerial accountants help to im.pdf1. What is a supply chain How can managerial accountants help to im.pdf
1. What is a supply chain How can managerial accountants help to im.pdf
 
1. What is the income before extraordinary items2. Extraordinary i.pdf
1. What is the income before extraordinary items2. Extraordinary i.pdf1. What is the income before extraordinary items2. Extraordinary i.pdf
1. What is the income before extraordinary items2. Extraordinary i.pdf
 
1. What exactly is globalization2. What has been the impact of th.pdf
1. What exactly is globalization2. What has been the impact of th.pdf1. What exactly is globalization2. What has been the impact of th.pdf
1. What exactly is globalization2. What has been the impact of th.pdf
 
1. What is a population What is a sample2. What is descriptive s.pdf
1. What is a population What is a sample2. What is descriptive s.pdf1. What is a population What is a sample2. What is descriptive s.pdf
1. What is a population What is a sample2. What is descriptive s.pdf
 
1. What are the elementary factors of the Labor Process accordin.pdf
1. What are the elementary factors of the Labor Process accordin.pdf1. What are the elementary factors of the Labor Process accordin.pdf
1. What are the elementary factors of the Labor Process accordin.pdf
 
1. Which of the following statements is correct regarding the taxati.pdf
1. Which of the following statements is correct regarding the taxati.pdf1. Which of the following statements is correct regarding the taxati.pdf
1. Which of the following statements is correct regarding the taxati.pdf
 
1. Which kind of organization is more likely to feature employees wh.pdf
1. Which kind of organization is more likely to feature employees wh.pdf1. Which kind of organization is more likely to feature employees wh.pdf
1. Which kind of organization is more likely to feature employees wh.pdf
 
1. Which of the following could pose a challenge in building partner.pdf
1. Which of the following could pose a challenge in building partner.pdf1. Which of the following could pose a challenge in building partner.pdf
1. Which of the following could pose a challenge in building partner.pdf
 
Mike is a graduating high school student. He received an outstanding .pdf
 Mike is a graduating high school student. He received an outstanding .pdf Mike is a graduating high school student. He received an outstanding .pdf
Mike is a graduating high school student. He received an outstanding .pdf
 
Mrs. Adams has experienced gradual but significant hearing loss and.pdf
 Mrs. Adams has experienced gradual but significant hearing loss and.pdf Mrs. Adams has experienced gradual but significant hearing loss and.pdf
Mrs. Adams has experienced gradual but significant hearing loss and.pdf
 
mrough (d) below Clok the icon 10 wew the uabie a. Find the probablit.pdf
 mrough (d) below Clok the icon 10 wew the uabie a. Find the probablit.pdf mrough (d) below Clok the icon 10 wew the uabie a. Find the probablit.pdf
mrough (d) below Clok the icon 10 wew the uabie a. Find the probablit.pdf
 
Michael has utility over going to Yoga (y) and going to a museum (m) .pdf
 Michael has utility over going to Yoga (y) and going to a museum (m) .pdf Michael has utility over going to Yoga (y) and going to a museum (m) .pdf
Michael has utility over going to Yoga (y) and going to a museum (m) .pdf
 
Meiosis and mitosis are both forms of cell division. However, the out.pdf
 Meiosis and mitosis are both forms of cell division. However, the out.pdf Meiosis and mitosis are both forms of cell division. However, the out.pdf
Meiosis and mitosis are both forms of cell division. However, the out.pdf
 
Metfi 120 (introduction to Weather and Climato) Orline - Unit 2 Revie.pdf
 Metfi 120 (introduction to Weather and Climato) Orline - Unit 2 Revie.pdf Metfi 120 (introduction to Weather and Climato) Orline - Unit 2 Revie.pdf
Metfi 120 (introduction to Weather and Climato) Orline - Unit 2 Revie.pdf
 
me Insert Draw Page Layout Formulas Data Review View Automate Tel.pdf
 me Insert Draw Page Layout Formulas Data Review View Automate  Tel.pdf me Insert Draw Page Layout Formulas Data Review View Automate  Tel.pdf
me Insert Draw Page Layout Formulas Data Review View Automate Tel.pdf
 
Match the terms with its best definition or description. Basic Eaming.pdf
 Match the terms with its best definition or description. Basic Eaming.pdf Match the terms with its best definition or description. Basic Eaming.pdf
Match the terms with its best definition or description. Basic Eaming.pdf
 
Match the words in the lenthand column to the appropriate blank in th.pdf
 Match the words in the lenthand column to the appropriate blank in th.pdf Match the words in the lenthand column to the appropriate blank in th.pdf
Match the words in the lenthand column to the appropriate blank in th.pdf
 
Match the vitamin or mineral with a good food source. There is ONLY o.pdf
 Match the vitamin or mineral with a good food source. There is ONLY o.pdf Match the vitamin or mineral with a good food source. There is ONLY o.pdf
Match the vitamin or mineral with a good food source. There is ONLY o.pdf
 
Mediate the movement of a single solute from one side of the membrane.pdf
 Mediate the movement of a single solute from one side of the membrane.pdf Mediate the movement of a single solute from one side of the membrane.pdf
Mediate the movement of a single solute from one side of the membrane.pdf
 

Último

The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
heathfieldcps1
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
ZurliaSoop
 

Último (20)

Towards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptxTowards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptx
 
Understanding Accommodations and Modifications
Understanding  Accommodations and ModificationsUnderstanding  Accommodations and Modifications
Understanding Accommodations and Modifications
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 
How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17
 
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptx
 
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxHMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
 
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
 
Interdisciplinary_Insights_Data_Collection_Methods.pptx
Interdisciplinary_Insights_Data_Collection_Methods.pptxInterdisciplinary_Insights_Data_Collection_Methods.pptx
Interdisciplinary_Insights_Data_Collection_Methods.pptx
 
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan Fellows
 
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxHMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
 
Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)
 
SOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning PresentationSOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning Presentation
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdfUnit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
 
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptxExploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
 
How to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSHow to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POS
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
 

1. What are the main characteristics of perfectly competitive market.pdf

  • 1. 1. What are the main characteristics of perfectly competitive markets? Do housing markets share these characteristics? (see Campbell, Giglio, and Pathak 2011,scroll down to the bottom) 2. Explain the determinants of supply and demand of real estate properties. Are real estate prices predictable? What are typical causes of bubbles on real estate markets? 3. What are the factors determining how long a property stays on the market? Address general market conditions as well as microeconomics factors affecting buyers’ and sellers’ decisions. http://www.jchs.harvard.edu/sites/jchs.harvard.edu/files/w09-4_pathak.pdf Solution 1. characteristics of a perfectly competitive market: there are many buyers and sellers in the market all products are homogenious in nature free float of information to the buyers there are no entry and exit barriers to the sellers absence of transportation cost 2. usually, the real estate market is a market which should have a study growth in the market. but because of many factors, the market is becomes unpredictable in reality. there are many middle man who creates artifical boom in market and they are creating fears about the market. the demand will be in a normal position in normal conditions, but the brokers and intermediaries are creating many myths and dominating the market. the demand is constant in this market and supply is stable. there is no chance to expect high supply, because the land is fixed irrespective of conditions in nations. 3. when ever the market and economic conditions are changes then automatically the financial conditions of people also changes. people will show interest to sell their holdings at higher prices and there will be some one who interested to own it at the prices. usually it may take around 15 years to 20 years