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Endogenous Price Bubbles in a Multi-Agent System of the Housing Market

Economic history shows a large number of boom-bust cycles, with the U.S. real estate market as one of the latest examples. Classical economic models have not been able to provide a full explanation for this type of market dynamics. Therefore, we analyze home prices in the U.S. using an alternative a...

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Detalles Bibliográficos
Autores principales: Kouwenberg, Roy, Zwinkels, Remco C. J.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2015
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4479606/
https://www.ncbi.nlm.nih.gov/pubmed/26107740
http://dx.doi.org/10.1371/journal.pone.0129070