Maier, Thomas (contributor) - 2007
generalizes the model of Ortalo-Magn´e and Rady (2006) which
considers the dynamics of house prices in the market for privately … both a consumption
and an investment good. In the market for privately owned real estate, properties are
bought with the … investment during their life-cycles, leads to a situation where past prices in
the market may have influence on current prices …