Cornuel, Didier - In: Revue de l'OFCE 70 (1999) 1, pp. 155-191
[eng] The boom of prices and quantities in the real estate markets followed by their fall in most industrialised countries is often considered as a bubble. This paper shows that there wasn't any bubble, i.e., a purely speculative phenomenon without any real factor at the origin, but a cycle due...