Charles G. Nathanson and Eric Zwick
Revised and resubmitted to Journal of Finance
Speculation reverses the common intuition that elastic housing supply attenuates house price booms.
Nicolas Crouzet, Ian Dew-Becker, and Charles G. Nathanson
Short-term traders profit off of long-term traders in the short run, while long-term traders profit off of short-term traders in the long run.