2026-09-20T11:34:13Zhttps://dspace.mit.edu/server/oai/requestoai:dspace.mit.edu:1721.1/1228352026-06-16T18:51:18Zcom_1721.1_7582com_1721.1_7581col_1721.1_131022
Antoinette Schoar.
Liebersohn, Carl J.
Sloan School of Management.
Sloan School of Management
2019-11-12T17:37:27Z
2019-11-12T17:37:27Z
2018
2018
https://hdl.handle.net/1721.1/122835
1126277403
Thesis: Ph. D., Massachusetts Institute of Technology, Sloan School of Management, 2018
Cataloged from PDF version of thesis.
Includes bibliographical references.
This dissertation consists of three chapters on topics related to real estate and finance. The first chapter studies the effects of bank competition on bank risk-taking and lending. Using a quasi-experimental design that exploits the exogenous application of bank antitrust laws following bank mergers, I show that bank competition leads to more loans going to larger and safer borrowers. The second chapter shows that housing demand shocks from 2000-2006 are highly correlated the elasticity of housing supply in different regions, and explores the implications of this for research on the effects of housing prices. The third chapter, written with Gregory Howard, proposes a new channel for changes in aggregate housing prices. We show empirically and theoretically that increased demand for housing in inelastic areas led to higher aggregate housing prices from 2000-2006, and quantify the magnitude of this channel.
by Carl J. Liebersohn.
Chapter 1. How Does Competition Affect Bank Lending? Quasi-Experimental Evidence from Bank Mergers -- Chapter 2. Housing Demand, Regional House Prices and Consumption -- Chapter 3. The Geography Channel of House Price Appreciation.
Ph.D.
Ph.D. Massachusetts Institute of Technology, Sloan School of Management
178 pages
eng
Massachusetts Institute of Technology
MIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission.
http://dspace.mit.edu/handle/1721.1/7582
Sloan School of Management.
Essays in real estate and finance
Thesis
application/pdf
2019-11-12T17:37:26Z
Publication
Doctoral
Sloan
unknown
unknown
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