Gangel, Marshall; Seiler, Michael; Collins, Andrew - In: The Journal of Real Estate Finance and Economics 46 (2013) 2, pp. 339-354
to neighboring foreclosures—known as the foreclosure contagion effect. This study uses an agent-based modeling approach … find that the magnitude of the foreclosure contagion effect is a less powerful cause of eventual market collapse than the … address from a policymaker perspective than is the strength of the foreclosure contagion effect. Copyright Springer Science …