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RDP 2014-04: Home Price Beliefs in Australia
Equation B(1)
l
n
(
S
)
i
*
p
t
=
α
∗
P
U
R
C
H
A
S
E
i
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p
t
+
∑
c
=
1
C
β
c
y
c
i
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p
+
∑
t
=
1
T
∑
p
=
1
P
λ
p
t
S
D
i
*
p
t
+
ε
i
*
p
t
,
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