2 papers
econ.GN2026
From Summer to Spring: A Shift in US Housing Market Seasonality
Yihan Hu, Cemil Selcuk
The US housing market exhibits pronounced seasonal cycles: prices and sales rise through spring, peak in summer, and decline through autumn and winter. Since 2021, this pattern has…
econ.TH2024
Competition for Budget-Constrained Buyers: Exploring All-Pay Auctions
Cemil Selcuk
This note pursues two primary objectives. First, we analyze the outcomes of an all-pay auction within a store where buyers with and without financial constraints arrive at varying…