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 alternativ...

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Bibliographic Details
Main Authors: Kouwenberg, R, Zwinkels, R. C.
Other Authors: Mahidol University. College of Management
Format: Article
Language:English
Published: 2016
Subjects:
Online Access:https://repository.li.mahidol.ac.th/handle/123456789/3107
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Institution: Mahidol University
Language: English