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Spatial heterogeneity in Hedonic house price models : the case of Austria
Helbich, Marco; Brunauer, Wolfgang; Vaz, Eric de Noronha; … - 2013
Modeling spatial heterogeneity (SH) is a controversial subject in real estate economics. Single-family-home prices in Austria are explored to investigate the capability of global and locally weighted hedonic models. Even if regional indicators are not fully capable to model SH and technical...
Persistent link: https://www.econbiz.de/10010224790
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The entrepreneurial adjustment process in disequilibrium : entry and exit when markets under and over shoot
Burke, Andrew; Stel, Adriaan J. van - 2009
Persistent link: https://www.econbiz.de/10003813765
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A Tourism Conditions Index
Chang, Chia-Lin; Hsu, Hui-Kuang; McAleer, Michael - 2014
This paper uses monthly data from April 2005 to August 2013 for Taiwan to propose a novel tourism indicator, namely the … Tourism Conditions Index (TCI). TCI accounts for the spillover weights based on the Granger causality test and estimates of … the multivariate BEKK model for four TCI indicators to predict specific tourism and economic environmental indicators for …
Persistent link: https://www.econbiz.de/10010227695
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A tourism financial conditions index
Chang, Chia-Lin; Hui-Kuang, Hsu; McAleer, Michael - 2014 - Revised: May 2014
The paper uses monthly data on financial stock index returns, tourism stock sub-index returns, effective exchange rate … constructing a tourism financial indicator, namely the Tourism Financial Conditions Index (TFCI). The TFCI is an adaptation and … extension of the widely-used Monetary Conditions Index (MCI) and Financial Conditions Index (FCI) to tourism stock data. However …
Persistent link: https://www.econbiz.de/10010350798
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Profiteering from the dot-com bubble, sub-prime crisis and Asian financial crisis
McAleer, Michael; Suen, John; Wong, Wing Keung - 2013
Persistent link: https://www.econbiz.de/10009767005
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The impact of rail transport on real estate prices: An empirical analysis of the Dutch housing market
Debrezion, Ghebreegziabiher; Pels, Eric; Rietveld, Piet - 2006
Persistent link: https://www.econbiz.de/10003314809
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Price and transaction volume in the Dutch housing market
Wit, Erik R. de; Englund, Peter; Francke, Marc - 2010
Persistent link: https://www.econbiz.de/10003973950
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The effect of consumers' expectations in a booming housing market
Rouwendal, Jan; Longhi, Simonetta - 2007 - This version: September 26, 2007
Even though economic models have been relatively successful in explaining the long run patterns of house prices, they have more difficulties in explaining short run developments of the housing markets. However, the fact that during such ‘bubbles’ the spatial pattern of house prices, which...
Persistent link: https://www.econbiz.de/10011372973
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Transaction costs in housing markets
Ommeren, Jos van - 2008
According to economic theory, there are no strong reasons to tax (or to subsidise) residential moves, although low levels of taxation may be potentially justified to deal with the presence of externalities and economic stability. This is in contrast to practise in most countries where...
Persistent link: https://www.econbiz.de/10011377118
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Asymmetric information and list price reductions in the housing market
Wit, Erik R. de; Klaauw, Bas van der - 2010
In housing markets with asymmetric information list prices may signal unobserved properties of the house or the seller. Asymmetric information is the starting point of many models for the housing market. In this paper, we estimate the causal effect of list-price reductions to test for the...
Persistent link: https://www.econbiz.de/10011380153