Simulation models, being in use for a long time in natural sciences and engineering domains, are diffusing to a wider context including policy analysis studies. The differences between the nature of the domain of application, as well as the increased variety of usage partially induced by this...

The purpose of this study is to model and analyze by simulation the dynamics of endogenously created oscillations in real estate (housing) prices. A system dynamics simulation model is built to understand some of the structural sources of cycles in the key housing market variables, from the...