Paul Courant explored a theory of Racial Prejudice in a Search Model of the Urban Housing Market, where he concluded that if whites are averse to selling their homes to blacks, an equilibrium in which blacks pay more than whites is sustainable, causing the housing market to be racially segmented. Enjoy the notes compiled by Elyas Fermand, Annie Tao, Aditya Rachmanto, and Lara Converse!
Racial Prejudice in a Search Model of the Urban Housing Market
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