{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2024,9,13]],"date-time":"2024-09-13T15:57:45Z","timestamp":1726243065210},"reference-count":18,"publisher":"Wiley","issue":"2","license":[{"start":{"date-parts":[[2006,8,8]],"date-time":"2006-08-08T00:00:00Z","timestamp":1154995200000},"content-version":"vor","delay-in-days":5973,"URL":"http:\/\/onlinelibrary.wiley.com\/termsAndConditions#vor"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["J of Applied Econometrics"],"published-print":{"date-parts":[[1990,4]]},"abstract":"<jats:title>Abstract<\/jats:title><jats:p>UK mortgage markets have undergone major structural changes in the past few years, resulting in mortgages no longer being rationed. The ending of rationing has implications for the specification of empirical models of housing demand. Housing models have never adequately resolved how to incorporate unobservable mortgage rationing. Conventional proxy methods are particularly unsuitable, when rationing ceases. In this paper, we propose a new way of measuring rationing directly, which incorporates regime switching. The model of rationing is extensively tested and estimates of rationing for the period 1963\u20131988 are provided; these may be easily incorporated into housing demand studies.<\/jats:p>","DOI":"10.1002\/jae.3950050205","type":"journal-article","created":{"date-parts":[[2007,7,12]],"date-time":"2007-07-12T14:57:39Z","timestamp":1184252259000},"page":"167-187","source":"Crossref","is-referenced-by-count":7,"title":["The measurement of rationing and the treatment of structural change in the uk mortgage market"],"prefix":"10.1002","volume":"5","author":[{"given":"Geoffrey P.","family":"Meen","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"311","published-online":{"date-parts":[[2006,8,8]]},"reference":[{"key":"e_1_2_1_2_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1468-0084.1984.mp46003001.x"},{"key":"e_1_2_1_3_1","doi-asserted-by":"publisher","DOI":"10.2307\/2231972"},{"key":"e_1_2_1_4_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1468-0084.1975.mp37004005.x"},{"key":"e_1_2_1_5_1","volume-title":"The Economics of Building Societies","author":"Ghosh D.","year":"1974"},{"key":"e_1_2_1_6_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1467-9957.1972.tb01113.x"},{"key":"e_1_2_1_7_1","volume-title":"Housing and Mortgage Markets: The UK Experience","author":"Hadjimatheou G.","year":"1976"},{"key":"e_1_2_1_8_1","volume-title":"Frontiers in Quantitative Economics","author":"Hendry D. F.","year":"1977"},{"key":"e_1_2_1_9_1","first-page":"33","article-title":"An econometric model of building society behaviour in Irelan","volume":"11","author":"Hewitt V. N.","year":"1979","journal-title":"Economic and Social Review"},{"key":"e_1_2_1_10_1","volume-title":"HM Treasury Macroeconomic Model Technical Manual","author":"Treasury Hm","year":"1979"},{"key":"e_1_2_1_11_1","unstructured":"Johnston R. B.(1985) \u2018The demand for liquidity aggregates by the UK personal secto.\u2019 Government Economic Service Working Paper 81."},{"key":"e_1_2_1_12_1","volume-title":"The Property Boom: The effects of building society behaviour on house prices","author":"Mayes D. G.","year":"1979"},{"key":"e_1_2_1_13_1","unstructured":"Meen G. P.(1986). \u2018Some aspects of mortgage market liberalisation in the United Kingdom: an econometric analysi.\u2019 Unpublished Ph.D thesis University of London."},{"key":"e_1_2_1_14_1","volume-title":"Econometrics and Quantitative Economics","author":"Mizon G.","year":"1984"},{"key":"e_1_2_1_15_1","doi-asserted-by":"publisher","DOI":"10.1080\/00036848300000021"},{"key":"e_1_2_1_16_1","doi-asserted-by":"publisher","DOI":"10.1177\/002795017206100104"},{"key":"e_1_2_1_17_1","unstructured":"Pratt M. J.(1980). \u2018Building societies: an econometric mode.\u2019 Bank of England Discussion Paper 11."},{"key":"e_1_2_1_18_1","unstructured":"Riley C. J.(1974) \u2018A model of building society behaviou.\u2019 Unpublished HM Treasury mimeo."},{"key":"e_1_2_1_19_1","unstructured":"Wilcox J. B.(1985) \u2018A model of the building society secto.\u2019 Bank of England Discussion Paper 23."}],"container-title":["Journal of Applied Econometrics"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/api.wiley.com\/onlinelibrary\/tdm\/v1\/articles\/10.1002%2Fjae.3950050205","content-type":"unspecified","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/pdf\/10.1002\/jae.3950050205","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2023,10,23]],"date-time":"2023-10-23T06:06:16Z","timestamp":1698041176000},"score":1,"resource":{"primary":{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/jae.3950050205"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[1990,4]]},"references-count":18,"journal-issue":{"issue":"2","published-print":{"date-parts":[[1990,4]]}},"alternative-id":["10.1002\/jae.3950050205"],"URL":"https:\/\/doi.org\/10.1002\/jae.3950050205","archive":["Portico"],"relation":{},"ISSN":["0883-7252","1099-1255"],"issn-type":[{"value":"0883-7252","type":"print"},{"value":"1099-1255","type":"electronic"}],"subject":[],"published":{"date-parts":[[1990,4]]}}}