Endogeneous housing market model: a deterministic heterogeneous agent approach.

• Main Authors: Hu, Zhongchen., Xie, Shihan., Xu, Yang.
• Other Authors: Chia Wai Mun
• Format: Final Year Project
• Language: English
• Published: 2012
• Subjects: DRNTU::Social sciences::Economic theory::Microeconomics
• Online Access: http://hdl.handle.net/10356/48869
• Institution: Nanyang Technological University

Motivated by the complexity of price dynamics during the booms and bursts of housing market, we examine two types of housing market crashes - sudden crashes and smooth crashes - using a deterministic heterogeneous agent model (HAM). By matching simulated price dynamics to real historical data, we sh...