Property market bubbles : some evidence from Seoul and Hong Kong

• Main Author: Xiao, Qin
• Other Authors: Tan Gee Kwang, Randolph
• Format: Theses and Dissertations
• Published: 2008
• Subjects: DRNTU::Business::Management::Forecasting; DRNTU::Business::Industries and labor
• Institution: Nanyang Technological University

Expectations are central to real-estate price formation, making speculative bubbles an inherent feature of real-estate markets. The literature has developed an array of tools on the detection of bubbles. Unfortunately, because of identification problems, none of them alone can give a definitive answ...