Short-run momentum, long-run mean reversion and excess volatility: an elementary housing model

DOI10.1016/J.ECONLET.2018.12.013zbMath1409.91175OpenAlexW2903683478WikidataQ128777338 ScholiaQ128777338MaRDI QIDQ1730151

Noemi Schmitt, Frank H. Westerhoff

Publication date: 11 March 2019

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2018.12.013

zbMATH Keywords

housing marketsextrapolative expectationsbubbles and crashes

Mathematics Subject Classification ID

Economic growth models (91B62) Auctions, bargaining, bidding and selling, and other market models (91B26)

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Cites Work

• A Rational Route to Randomness

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