Heterogeneous expectations, boom-bust housing cycles, and supply conditions: a nonlinear economic dynamics approach

DOI10.1016/J.JEDC.2016.07.011zbMath1401.91257OpenAlexW2159791910MaRDI QIDQ1656405

Roberto Dieci, Frank H. Westerhoff

Publication date: 10 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/11585/589154

zbMATH Keywords

nonlinear dynamicsspeculationboom-bust cycleshousing marketshousing supply

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62) Economic dynamics (91B55)

Related Items (10)

Interactions between stock, bond and housing markets ⋮ Local and global analysis of a speculative housing market with production lag ⋮ Co-existence of trend and value in financial markets: estimating an extended Chiarella model ⋮ A continuous heterogeneous-agent model for the co-evolution of asset price and wealth distribution in financial market ⋮ Smart or stupid depends on who is your counterpart: a cobweb model with heterogeneous expectations ⋮ Contagion between asset markets: a two market heterogeneous agents model with destabilising spillover effects ⋮ Necessary and sufficient conditions for the roots of a cubic polynomial and bifurcations of codimension-1, -2, -3 for 3D maps ⋮ Identifying booms and busts in house prices under heterogeneous expectations ⋮ Forecasting price of financial market crash via a new nonlinear potential GARCH model ⋮ When speculators meet suppliers: positive versus negative feedback in experimental housing markets

Uses Software

• DMC

Cites Work

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