identify temporary house price bubbles, amplified by trend extrapolation, and crashes reinforced by fundamentalists. The …

‘bubbles’ the spatial pattern of house prices, which can mainly be attributed to accessibility differences, usually remains …

common bubbles, within large-dimensional, potentially non-stationary time series. The model leverages a lower-dimensional set … allows to predict systemic risk and test for the emergence of common bubbles. The dynamics of the explosive factors are … new approach offers a powerful tool for detecting common bubbles and predicting their evolution, providing relevant …

We study the role of experience in the formation of asset price bubbles. Therefore, we conduct two related experiments … participants receive. Each market is repeated three times. In both experiments and in all treatments, we observe sizable bubbles …. These bubbles do not disappear with experience. Our findings in the call market experiment stand in contrast to the …

According to economic theory, there are no strong reasons to tax (or to subsidise) residential moves, although low …

". We observe both stable markets and large bubbles for both small and large markets. The data analysis shows no differences … successfully drives prices back towards the fundamental, but we observe very large bubbles in which the news apparently has no …