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 * p t + c = 1 C β c y c i * p + t = 1 T p = 1 P λ p t S D i * p t + ε i * p t , MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaacbiGaa8hBai aa=5gadaqadaqaaiaadofaaiaawIcacaGLPaaadaWgaaWcbaGaamyA amaaCaaameqabaGaaiOkaaaaliaadchacaWG0baabeaakiabg2da9i abeg7aHjabgEHiQiaadcfacaWGvbGaamOuaiaadoeacaWGibGaamyq aiaadofacaWGfbWaaSbaaSqaaiaadMgadaahaaadbeqaaiaacQcaaa WccaWGWbGaamiDaaqabaGccqGHRaWkdaaeWbqaaiabek7aInaaBaaa leaacaWGJbaabeaakiaadMhadaWgaaWcbaGaam4yaiaadMgadaahaa adbeqaaiaacQcaaaWccaWGWbaabeaakiabgUcaRmaaqahabaWaaabC aeaacqaH7oaBdaqhaaWcbaGaamiCaiaadshaaeaacaWGtbaaaOGaam iramaaBaaaleaacaWGPbWaaWbaaWqabeaacaGGQaaaaSGaamiCaiaa dshaaeqaaOGaey4kaSIaeqyTdu2aaSbaaSqaaiaadMgadaahaaadbe qaaiaacQcaaaWccaWGWbGaamiDaaqabaaabaGaamiCaiabg2da9iaa igdaaeaacaWGqbaaniabggHiLdaaleaacaWG0bGaeyypa0JaaGymaa qaaiaadsfaa0GaeyyeIuoaaSqaaiaadogacqGH9aqpcaaIXaaabaGa am4qaaqdcqGHris5aOGaaiilaaaa@779F@