Housing prices, costs, and policy: The housing supply equation in Ireland since 1970
研究了1970年代以来爱尔兰新房供给对房价和成本的响应程度，发现房价弹性为+0.9，成本弹性为-1.9，且弹性随时间及地区变化。
Abstract This article examines the responsiveness of new housing supply to prices and costs, using the case of Ireland at quarterly frequency from the 1970s, as well as a county‐level panel from the 1990s. Across four error‐correction specifications, and supported by an instrumental variables approach, we find the estimated elasticity of new housing supply to prices of +0.9 in the baseline, while that of costs is larger in magnitude (−1.9). We present evidence that responsiveness to prices rose after the 1980s, then fell in the 2000s, before rising again and also that elasticities vary at the county level.