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It has been widely assumed that there was a bubble in the U.S. housing market after1999.This paper analyzes the extent to which that was true. We define a bubble as: (1) a regime shift that is characterized by a change in the properties of deviations from the fundamentals of house price growth,...
Persistent link: https://www.econbiz.de/10009476926
Incluye bibliografía ; Este documento estudia la dinámica de los precios de las acciones en un modelo tipo «árbol de Lucas» en el que los inversores tienen vidas finitas y aprenden de su propia experiencia. Los individuos actualizan sus expectativas mediante aprendizaje bayesiano basado en...
Persistent link: https://www.econbiz.de/10012530357
mobile phone service. It also includes a quantitative experiment with 517 participants to examine, under close to real …
Persistent link: https://www.econbiz.de/10009483985
behavioral experiment (N=117) comparing three communication media (face-to-face, email, and Internet reverse auctions) and two …
Persistent link: https://www.econbiz.de/10009431843