create a website

A simple model of a speculative housing market. (2012). Westerhoff, Frank ; Dieci, Roberto.
In: Journal of Evolutionary Economics.
RePEc:spr:joevec:v:22:y:2012:i:2:p:303-329.

Full description at Econpapers || Download paper

Cited: 55

Citations received by this document

Cites: 67

References cited by this document

Cocites: 59

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Endogenous cycles in heterogeneous agent models: a state-space approach. (2024). Ricchiuti, Giorgio ; Gusella, Filippo.
    In: Journal of Evolutionary Economics.
    RePEc:spr:joevec:v:34:y:2024:i:4:d:10.1007_s00191-024-00870-w.

    Full description at Econpapers || Download paper

  2. A tale of housing cycles and fiscal policy, not competitiveness. Growth drivers in Southern Europe. (2023). Stockhammer, Engelbert ; Otero, Andre Novas.
    In: New Political Economy.
    RePEc:taf:cnpexx:v:28:y:2023:i:3:p:483-505.

    Full description at Econpapers || Download paper

  3. Taming the housing roller coaster: The impact of macroprudential policy on the house price cycle. (2023). Carro, Adrian.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:156:y:2023:i:c:s0165188923001598.

    Full description at Econpapers || Download paper

  4. Expectations and the housing market: A model of house price dynamics. (2023). Hong, Jengei ; Ryu, Doojin.
    In: Bulletin of Economic Research.
    RePEc:bla:buecrs:v:75:y:2023:i:4:p:1242-1266.

    Full description at Econpapers || Download paper

  5. House price cycles, housing systems, and growth models. (2022). Stockhammer, Engelbert ; Kohler, Karsten ; Tippet, Ben.
    In: IPE Working Papers.
    RePEc:zbw:ipewps:1942022.

    Full description at Econpapers || Download paper

  6. Speculative housing markets and rent control: insights from nonlinear economic dynamics. (2022). Westerhoff, Frank ; Schmitt, Noemi.
    In: Journal of Economic Interaction and Coordination.
    RePEc:spr:jeicoo:v:17:y:2022:i:1:d:10.1007_s11403-020-00312-3.

    Full description at Econpapers || Download paper

  7. A tale of housing cycles and fiscal policy, not competitiveness. Growth drivers in southern Europe. (2022). Stockhammer, Engelbert ; Otero, Andre Novas.
    In: Working Papers.
    RePEc:pke:wpaper:pkwp2224.

    Full description at Econpapers || Download paper

  8. Estimating Nonlinear Business Cycle Mechanisms with Linear Vector Autoregressions: A Monte Carlo Study. (2022). Kohler, Karsten ; Jump, Robert Calvert.
    In: Oxford Bulletin of Economics and Statistics.
    RePEc:bla:obuest:v:84:y:2022:i:5:p:1077-1100.

    Full description at Econpapers || Download paper

  9. Financialisation: continuity and change— introduction to the special issue. (2021). Stockhammer, Engelbert ; Sgambati, Stefano ; Nesvetailova, Anastasia.
    In: Review of Evolutionary Political Economy.
    RePEc:spr:revepe:v:2:y:2021:i:3:d:10.1007_s43253-021-00061-4.

    Full description at Econpapers || Download paper

  10. Traders, forecasters and financial instability: A model of individual learning of anchor-and-adjustment heuristics.. (2021). Makarewicz, Tomasz.
    In: Journal of Economic Behavior & Organization.
    RePEc:eee:jeborg:v:190:y:2021:i:c:p:626-673.

    Full description at Econpapers || Download paper

  11. Heterogeneous expectations, housing bubbles and tax policy. (2021). Westerhoff, Frank ; Schmitt, Noemi ; Martin, Carolin.
    In: Journal of Economic Behavior & Organization.
    RePEc:eee:jeborg:v:183:y:2021:i:c:p:555-573.

    Full description at Econpapers || Download paper

  12. Testing fundamentalist–momentum trader financial cycles: An empirical analysis via the Kalman filter. (2021). Stockhammer, Engelbert ; Gusella, Filippo.
    In: Metroeconomica.
    RePEc:bla:metroe:v:72:y:2021:i:4:p:758-797.

    Full description at Econpapers || Download paper

  13. Heterogeneous expectations, housing bubbles and tax policy. (2020). Westerhoff, Frank ; Schmitt, Noemi ; Martin, Carolin.
    In: BERG Working Paper Series.
    RePEc:zbw:bamber:156.

    Full description at Econpapers || Download paper

  14. Speculative trading in Chinese housing market: a panel regression method. (2020). Chen, Zhenxi ; Wang, Cuntong.
    In: Applied Economics.
    RePEc:taf:applec:v:52:y:2020:i:38:p:4186-4195.

    Full description at Econpapers || Download paper

  15. Testing fundamentalist-momentum trader financial cycles. An empirical analysis via the Kalman filter. (2020). Stockhammer, Engelbert ; Gusella, Filippo.
    In: Working Papers.
    RePEc:pke:wpaper:pkwp2009.

    Full description at Econpapers || Download paper

  16. Growing differently? Financial cycles, austerity, and competitiveness in growth models since the Global Financial Crisis. (2020). Stockhammer, Engelbert ; Kohler, Karsten.
    In: Working Papers.
    RePEc:pke:wpaper:pkwp2008.

    Full description at Econpapers || Download paper

  17. House prices, private debt and the macroeconomics of comparative political economy. (2020). Stockhammer, Engelbert ; Wood, James.
    In: Working Papers.
    RePEc:pke:wpaper:pkwp2005.

    Full description at Econpapers || Download paper

  18. Importance of Proper Monetary Liquidity: Sustainable Development of the Housing and Stock Markets. (2020). Chiang, Ming-Chu ; Tsai, I-Chun.
    In: Sustainability.
    RePEc:gam:jsusta:v:12:y:2020:i:21:p:8989-:d:436897.

    Full description at Econpapers || Download paper

  19. Housing market cycles in large urban areas. (2020). Canepa, Alessandra ; Alqaralleh, Huthaifa.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:92:y:2020:i:c:p:257-267.

    Full description at Econpapers || Download paper

  20. Housing markets, expectation formation and interest rates. (2019). Westerhoff, Frank ; Schmitt, Noemi ; Martin, Carolin.
    In: BERG Working Paper Series.
    RePEc:zbw:bamber:142.

    Full description at Econpapers || Download paper

  21. Traders, forecasters and financial instability: A model of individual learning of anchor-and-adjustment heuristics. (2019). Makarewicz, Tomasz.
    In: BERG Working Paper Series.
    RePEc:zbw:bamber:141.

    Full description at Econpapers || Download paper

  22. Dissecting the myth of the house price in Chinese metropolises: allowing for behavioral heterogeneity among investors. (2019). Zhang, Hao ; Bian, Wenlong.
    In: Journal of Economic Interaction and Coordination.
    RePEc:spr:jeicoo:v:14:y:2019:i:4:d:10.1007_s11403-019-00267-0.

    Full description at Econpapers || Download paper

  23. Building blocks for the macroeconomics and political economy of housing. (2019). Stockhammer, Engelbert ; Wolf, Christina.
    In: Working Papers.
    RePEc:pke:wpaper:pkwp1908.

    Full description at Econpapers || Download paper

  24. Exploring House Price Dynamics: An Agent-Based Simulation with Behavioral Heterogeneity. (2019). Ozbakan, Tolga A ; Kale, Serdar ; Dikmen, Irem.
    In: Computational Economics.
    RePEc:kap:compec:v:54:y:2019:i:2:d:10.1007_s10614-018-9850-5.

    Full description at Econpapers || Download paper

  25. Regulating Speculative Housing Markets via Public Housing Construction Programs: Insights from a Heterogeneous Agent Model. (2019). Frank, Westerhoff ; Carolin, Martin.
    In: Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik).
    RePEc:jns:jbstat:v:239:y:2019:i:4:p:627-660:n:6.

    Full description at Econpapers || Download paper

  26. Modelling Minskyan financial cycles with fundamentalist and extrapolative price strategies: An empirical analysis via the Kalman filter approach.. (2019). Gusella, Filippo.
    In: Working Papers - Economics.
    RePEc:frz:wpaper:wp2019_24.rdf.

    Full description at Econpapers || Download paper

  27. Heterogeneous agent models in financial markets: A nonlinear dynamics approach. (2019). Li, Youwei ; He, Xuezhong (Tony) ; Zheng, Min.
    In: International Review of Financial Analysis.
    RePEc:eee:finana:v:62:y:2019:i:c:p:135-149.

    Full description at Econpapers || Download paper

  28. When speculators meet suppliers: Positive versus negative feedback in experimental housing markets. (2019). Hommes, Cars ; Bao, Te.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:107:y:2019:i:c:9.

    Full description at Econpapers || Download paper

  29. Identifying booms and busts in house prices under heterogeneous expectations. (2019). Hommes, Cars ; Demertzis, Maria ; Bolt, Wilko ; van der Leij, Marco ; Diks, Cees.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:103:y:2019:i:c:p:234-259.

    Full description at Econpapers || Download paper

  30. Interactions between stock, bond and housing markets. (2018). Westerhoff, Frank ; Dieci, Roberto ; Schmitt, Noemi.
    In: BERG Working Paper Series.
    RePEc:zbw:bamber:133.

    Full description at Econpapers || Download paper

  31. Heterogeneous Agent Models in Finance. (2018). He, Xuezhong (Tony) ; Dieci, Roberto.
    In: Research Paper Series.
    RePEc:uts:rpaper:389.

    Full description at Econpapers || Download paper

  32. Interactions between stock, bond and housing markets. (2018). Westerhoff, Frank ; Dieci, Roberto ; Schmitt, Noemi.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:91:y:2018:i:c:p:43-70.

    Full description at Econpapers || Download paper

  33. On controlling chaos in a discrete€ time Walrasian tâtonnement process. (2018). Sordi, Serena ; Naimzada, Ahmad.
    In: Metroeconomica.
    RePEc:bla:metroe:v:69:y:2018:i:1:p:178-194.

    Full description at Econpapers || Download paper

  34. Multi-agent Economics and the Emergence of Critical Markets. (2018). Harr, Michael S.
    In: Papers.
    RePEc:arx:papers:1809.01332.

    Full description at Econpapers || Download paper

  35. Behavioral heterogeneity in the Australian housing market. (2017). Zheng, Huanhuan ; Chia, Wai-Mun ; Li, Mengling.
    In: Applied Economics.
    RePEc:taf:applec:v:49:y:2017:i:9:p:872-885.

    Full description at Econpapers || Download paper

  36. Speculative behavior in a housing market: Boom and bust. (2017). Wang, Shouyang ; Zheng, Min.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:61:y:2017:i:c:p:50-64.

    Full description at Econpapers || Download paper

  37. Regimes dependent speculative trading: Evidence from the United States housing market. (2016). Chen, Zhenxi.
    In: FinMaP-Working Papers.
    RePEc:zbw:fmpwps:66.

    Full description at Econpapers || Download paper

  38. Heterogeneous expectation, beliefs evolution and house price volatility. (2016). Zhang, Hao ; Huang, Yuyuan ; Yao, Haixiang.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:53:y:2016:i:c:p:409-418.

    Full description at Econpapers || Download paper

  39. Heterogeneous expectations, boom-bust housing cycles, and supply conditions: A nonlinear economic dynamics approach. (2016). Westerhoff, Frank ; Dieci, Roberto.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:71:y:2016:i:c:p:21-44.

    Full description at Econpapers || Download paper

  40. Can a stochastic cusp catastrophe model explain housing market crashes?. (2016). Wang, Juanxi ; Diks, Cees.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:69:y:2016:i:c:p:68-88.

    Full description at Econpapers || Download paper

  41. Examining pricing mechanics in the poultry value chain - empirical evidence from Pakistan. (2016). Miranda, Mario ; Katchova, Ani ; Chaudhry, Muhammad Imran.
    In: 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts.
    RePEc:ags:aaea16:235953.

    Full description at Econpapers || Download paper

  42. Nonlinear Expectation Formation in the U.S. Stock Market. (2015). Reitz, Stefan ; Pierdzioch, Christian ; Rulke, Jan-Christoph.
    In: VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy.
    RePEc:zbw:vfsc15:113210.

    Full description at Econpapers || Download paper

  43. Nonlinear expectation formation in the U.S. stock market: Empirical evidence from the Livingston survey. (2015). Reitz, Stefan ; Pierdzioch, Christian ; Ruelke, Jan-Christoph .
    In: Kiel Working Papers.
    RePEc:zbw:ifwkwp:1947r.

    Full description at Econpapers || Download paper

  44. Heterogeneous expectations, boom-bust housing cycles, and supply conditions: A nonlinear dynamics approach. (2015). Westerhoff, Frank ; Dieci, Roberto.
    In: BERG Working Paper Series.
    RePEc:zbw:bamber:99.

    Full description at Econpapers || Download paper

  45. Endogenous Price Bubbles in a Multi-Agent System of the Housing Market. (2015). Zwinkels, Remco ; Kouwenberg, Roy.
    In: PLOS ONE.
    RePEc:plo:pone00:0129070.

    Full description at Econpapers || Download paper

  46. Availability, Affordability and Volatility: The Case of the Hong Kong Housing Market. (2015). Leung, Charles.
    In: International Real Estate Review.
    RePEc:ire:issued:v:18:n:03:2015:p:383-428.

    Full description at Econpapers || Download paper

  47. Can a stochastic cusp catastrophe model explain housing market crashes?. (2015). Wang, J.
    In: CeNDEF Working Papers.
    RePEc:ams:ndfwpp:15-12.

    Full description at Econpapers || Download paper

  48. Identifying Booms and Busts in House Prices under Heterogeneous Expectations. (2014). van der Leij, Marco ; Hommes, Cars ; Demertzis, Maria ; Bolt, Wilko ; Diks, Cees.
    In: Tinbergen Institute Discussion Papers.
    RePEc:tin:wpaper:20140157.

    Full description at Econpapers || Download paper

  49. Availability, Affordability and Volatility: the case of Hong Kong Housing Market. (2014). TANG, Edward Chi Ho ; Leung, Charles ; Tang, Edward Chi Ho, ; Leung, Charles Ka Yui, .
    In: MPRA Paper.
    RePEc:pra:mprapa:58770.

    Full description at Econpapers || Download paper

  50. Forecasting the US housing market. (2014). Zwinkels, Remco ; Kouwenberg, Roy.
    In: International Journal of Forecasting.
    RePEc:eee:intfor:v:30:y:2014:i:3:p:415-425.

    Full description at Econpapers || Download paper

  51. Identifying booms and busts in house prices under heterogeneous expectations. (2014). van der Leij, Marco ; Bolt, Wilko ; Demertzis, Maria ; Diks, Cees.
    In: Working Papers.
    RePEc:dnb:dnbwpp:450.

    Full description at Econpapers || Download paper

  52. Identifying Booms and Busts in House Prices under Heterogeneous Expectations. (2014). van der Leij, Marco ; Demertzis, Maria ; Bolt, Wilko.
    In: CeNDEF Working Papers.
    RePEc:ams:ndfwpp:14-13.

    Full description at Econpapers || Download paper

  53. Behavioural Real Estate. (2013). Zwinkels, Remco ; Remco C. J. Zwinkels, ; Salzman, Diego A..
    In: Tinbergen Institute Discussion Papers.
    RePEc:tin:wpaper:20130088.

    Full description at Econpapers || Download paper

  54. House prices, bank instability, and economic growth: Evidence from the threshold model. (2013). Wang, Chun ; Pan, Huiran.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:37:y:2013:i:5:p:1720-1732.

    Full description at Econpapers || Download paper

  55. Behavioural Real Estate. (2013). Salzman, Diego.
    In: ERES.
    RePEc:arz:wpaper:eres2013_334.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Abraham J, Hendershott P (1996) Bubbles in metropolitan housing markets. J Hous Res 7:191–207.
    Paper not yet in RePEc: Add citation now
  2. Bauer C, DeGrauwe P, Reitz S (2009) Exchange rate dynamics in a target zone - A heterogeneous expectations approach. J Econ Dyn Control 33:329–344.

  3. Boswijk P, Hommes C, Manzan S (2007) Behavioral heterogeneity in stock prices. J Econ Dyn Control 31:1938–1970.

  4. Brock W, Hommes C (1997) A rational route to randomness. Econometrica 65:1059–1095.

  5. Brock W, Hommes C (1998) Heterogeneous beliefs and routes to chaos in a simple asset pricing model. J Econ Dyn Control 22:1235–1274.

  6. Burnside C, Eichenbaum M, Rebelo S (2011) Understanding booms and busts in housing markets, NBER Working Paper 16734.

  7. Capozza D, Hendershott P, Mack C (2004) An anatomy of price dynamics in illiquid markets: analysis and evidence from local housing markets. Real Estate Econ 32:1–32.

  8. Capozza D, Seguin P (1996) Expectations, efficiency, and euphoria in the housing market. Reg Sci Urban Econ 26:369–386.

  9. Case K (2010) Housing, land and the economic Crisis. Land Lines 22:8–13.
    Paper not yet in RePEc: Add citation now
  10. Case K, Shiller R (1989) The efficiency of the market for single-family homes. Am Econ Rev 79:125–137.

  11. Case K, Shiller R (1990) Forecasting prices and excess returns in the housing market. J Am Real Estate Urban Econ Assoc 18:253–273.

  12. Chan SH, Fang F, Yang J (2008) Presales, financing constraints, and developers’ production decisions. J Real Estate Res 30:345–375.

  13. Chiarella C (1992) The dynamics of speculative behavior. Ann Oper Res 37:101–123.

  14. Chiarella C, Dieci R, Gardini L (2002) Speculative behaviour and complex asset price dynamics: a global analysis. J Econ Behav Organ 49:173–197.

  15. Cho M (1996) House price dynamics: a survey of theoretical and empirical issues. J Hous Res 7:145–172.
    Paper not yet in RePEc: Add citation now
  16. Clayton J (1996) Rational expectations, market fundamentals and housing price volatility. Real Estate Econ 24:441–470.

  17. Clayton J (1998) Further evidence on real estate market efficiency. J Real Estate Res 15:41–57.

  18. Day R, Huang W (1990) Bulls, bears and market sheep. J Econ Behav Organ 14:299–329.

  19. De Grauwe P, Dewachter H, Embrechts M (1993) Exchange rate theory – chaotic models of foreign exchange markets. Blackwell, Oxford.
    Paper not yet in RePEc: Add citation now
  20. De Grauwe P, Grimaldi M (2006) Exchange rate puzzles: a tale of switching attractors. Eur Econ Rev 50:1–33.

  21. Eichholtz P (1997) A long run house price index: the Herengracht index, 1628–1973. Real Estate Econ 25:175–192.
    Paper not yet in RePEc: Add citation now
  22. Eitrheim Ø, Erlandsen S (2004) House price indices for Norway 1819–2003. In: Eitrheim Ø, Klovland JT, Qvigstad JF (eds) Historical monetary statistics for Norway 1819–2003. Norges bank occasional paper no. 35, 349–375. Norges Bank, Oslo.
    Paper not yet in RePEc: Add citation now
  23. Follain JR, Dunsky RM (1997) The demand for mortgage debt and the income tax. J Hous Res 8:155–199.
    Paper not yet in RePEc: Add citation now
  24. Franke R, Westerhoff F (2011) Estimation of a structural stochastic volatility model of asset pricing. Comput Econ 38:53–83.
    Paper not yet in RePEc: Add citation now
  25. Gandolfo G (2009) Economic dynamics, 4th edn. Springer, Berlin.
    Paper not yet in RePEc: Add citation now
  26. Gao A, Lin Z, Na CF (2009) Housing market dynamics: evidence of mean reversion and downward rigidity. J Hous Econ 18:256–266.

  27. Glaeser E, Gyourko J (2007) Housing dynamics. HIER discussion paper 2137.
    Paper not yet in RePEc: Add citation now
  28. Glaeser E, Gyourko J, Saiz A (2008) Housing supply and housing bubbles. J Urban Econ 64:198–217.

  29. He X-Z, Westerhoff F (2005) Commodity markets, price limiters and speculative price dynamics. J Econ Dyn Control 29:1577–1596.

  30. Heemeijer P, Hommes C, Sonnemans J, Tuinstra J (2009) Price stability and volatility in markets with positive and negative expectations feedback: an experimental investigation. J Econ Dyn Control 33:1052–1072.

  31. Hommes C (2006) Heterogeneous agent models in economics and finance. In: Tesfatsion L, Judd K (eds) Handbook of computational economics: agent-based computational economics, vol 2. North-Holland, Amsterdam, pp 1107–1186.

  32. Hommes C, Sonnemans J, Tuinstra J, van de Velden H (2005) Coordination of expectations in asset pricing experiments. Rev Financ Stud 18:955–980.

  33. Huang W, Zheng H, Chia W-M (2010) Financial crises and interacting heterogeneous agents. J Econ Dyn Control 34:1105–1122.

  34. Kahneman D, Slovic P, Tversky A (1986) Judgment under uncertainty: heuristics and biases. Cambridge.
    Paper not yet in RePEc: Add citation now
  35. Kirman A (1991) Epidemics of opinion and speculative bubbles in financial markets. In: Taylor M (ed) Money and financial markets. Blackwell, Oxford, pp 354–368.
    Paper not yet in RePEc: Add citation now
  36. Kirman A (1993) Ants, rationality, and recruitment. Q J Econ 108:137–156.

  37. Kouwenberg R, Zwinkels R (2010) Chasing trends in the US housing market. Working Paper, Erasmus University Rotterdam.
    Paper not yet in RePEc: Add citation now
  38. LeBaron B (2006) Agent-based computational finance. In: Tesfatsion L, Judd K (eds) Handbook of computational economics: agent-based computational economics, vol 2. North-Holland, Amsterdam, pp 1187–1233.

  39. Leung A, Xu J, Tsui W (2009) A heterogeneous boundedly rational expectation model for housing market. Appl Math Mech (Engl Ed) 30:1305–1316.
    Paper not yet in RePEc: Add citation now
  40. Leung B, Hui E, Seabrooke B (2007) Pricing of presale properties with asymmetric information problems. J Real Estate Portf Manag 13:139–152.
    Paper not yet in RePEc: Add citation now
  41. Lux T (1995) Herd behavior, bubbles and crashes. Econ J 105:881–896.

  42. Lux T (1997) Time variation of second moments from a noise trader/infection model. J Econ Dyn Control 22:1–38.

  43. Lux T (1998) The socio-economic dynamics of speculative markets: interacting agents, chaos, and the fat tails of return distributions. J Econ Behav Organ 33:143–165.

  44. Maier G, Herath S (2009) Real estate market efficiency—a survey of literature. SRE-discussion paper 2009–07, WU Wien.

  45. Malpezzi S, Wachter S (2005) The role of speculation in real estate cycles. J Real Estate Lit 13:143–164.
    Paper not yet in RePEc: Add citation now
  46. Mankiw G, Weil D (1989) The baby boom, the baby bust, and the housing market. Reg Sci Urban Econ 19:235–258.

  47. Medio A, Lines M (2001) Nonlinear dynamics: a primer. Cambridge University Press, Cambridge.

  48. Menkhoff L, Rebitzky RR, Schröder M (2009) Heterogeneity in exchange rate expectations: evidence on the chartist-fundamentalist approach. J Econ Behav Organ 70:241–252.

  49. Menkhoff L, Taylor M (2007) The obstinate passion of foreign exchange professionals: technical analysis. J Econ Lit 45:936–972.

  50. Ortalo-Magné F, Rady S (1999) Boom in, bust out: young households and the housing price cycle. Eur Econ Rev 43:755–766.

  51. Poterba J (1984) Tax subsidies to owner-occupied housing: an asset market approach. Q J Econ 99:729–752.

  52. Poterba J (1991) House price dynamics: the role of tax policy and demography. Brookings Pap Econ Act 2:143–203.

  53. Reitz S, Westerhoff F (2007) Commodity price cycles and heterogeneous speculators: a STAR-GARCH model. Empir Econ 33:231–244.
    Paper not yet in RePEc: Add citation now
  54. Rosser JB Jr (1997) Speculations on nonlinear speculative bubbles. Nonlinear Dynam Psych Life Sci 1:275–300.
    Paper not yet in RePEc: Add citation now
  55. Rosser JB Jr (2000) From catastrophe to chaos: a general theory of economic discontinuities. Kluwer Academic Publishers, Boston.
    Paper not yet in RePEc: Add citation now
  56. Schindler F (2011) Predictability and persistence of the price movements of the S&P/Case-Shiller house price indices. J Real Estate Financ Econ. doi: 10.1007/s11146-011-9316-1 .
    Paper not yet in RePEc: Add citation now
  57. Shiller R (2005) Irrational exuberance, 2nd edn. Princeton University Press, Princeton.
    Paper not yet in RePEc: Add citation now
  58. Shiller R (2007) Understanding recent trends in house prices and home ownership. Cowles foundation discussion paper no. 1630. Yale University, New Haven.

  59. Shiller R (2008a) Historical turning points in real estate. East Econ J 34:1–13.
    Paper not yet in RePEc: Add citation now
  60. Shiller R (2008b) The subprime solution. Princeton University Press, Princeton.
    Paper not yet in RePEc: Add citation now
  61. Smith V (1991) Papers in experimental economics. Cambridge University Press, Cambridge.
    Paper not yet in RePEc: Add citation now
  62. Sommervoll D, Borgersen T, Wennemo T (2010) Endogenous housing market cycles. J Bank Financ 34:557–567.

  63. Tramontana F, Westerhoff F, Gardini L (2010) On the complicated price dynamics of a simple one-dimensional discontinuous financial market model with heterogeneous interacting traders. J Econ Behav Organ 74:187–205.

  64. Westerhoff F, Dieci R (2006) The effectiveness of Keynes-Tobin transaction taxes when heterogeneous agents can trade in different markets: a behavioral finance approach. J Econ Dyn Control 30:293–322.

  65. Westerhoff F, Franke R (2011) Converse trading strategies, intrinsic noise and the stylized facts of financial markets. Quant Financ. doi: 10.1080/14697688.2010.504224 .
    Paper not yet in RePEc: Add citation now
  66. Westerhoff F, Wieland C (2010) A behavioral cobweb model with heterogeneous speculators. Econ Model 27:1136–1143.
    Paper not yet in RePEc: Add citation now
  67. Wheaton W (1999) Real estate “cycles”: some fundamentals”. Real Estate Econ 27:209–230.

Cocites

Documents in RePEc which have cited the same bibliography

  1. Price Dynamics and Market Volatility: Behavioral Heterogeneity under Switching Trading Strategies on Artificial Financial Market. (2015). Boujelbene, Younes ; Rekik, Yosra Mefteh .
    In: International Journal of Financial Research.
    RePEc:jfr:ijfr11:v:6:y:2015:i:2:p:33-43.

    Full description at Econpapers || Download paper

  2. Learning from experience in the stock market. (2015). Nuño Barrau, Galo ; Nakov, Anton ; Nuo, Galo.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:52:y:2015:i:c:p:224-239.

    Full description at Econpapers || Download paper

  3. Estimation of ergodic agent-based models by simulated minimum distance. (2015). Richiardi, Matteo ; Grazzini, Jakob.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:51:y:2015:i:c:p:148-165.

    Full description at Econpapers || Download paper

  4. Behaviorally Rational Expectations and Almost Self-Fulfilling Equilibria. (2014). Hommes, Cars.
    In: Review of Behavioral Economics.
    RePEc:now:jnlrbe:105.00000004.

    Full description at Econpapers || Download paper

  5. Identifying booms and busts in house prices under heterogeneous expectations. (2014). van der Leij, Marco ; Bolt, Wilko ; Demertzis, Maria ; Diks, Cees.
    In: Working Papers.
    RePEc:dnb:dnbwpp:450.

    Full description at Econpapers || Download paper

  6. Market Ecologies: The Interaction and Profitability of Technical Trading Strategies. (2013). Ladley, Daniel ; Jackson, Antony.
    In: Discussion Papers in Economics.
    RePEc:lec:leecon:13/02.

    Full description at Econpapers || Download paper

  7. Equity risk premium and time horizon: What do the U.S. secular data say?. (2013). Prat, Georges.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:34:y:2013:i:c:p:76-88.

    Full description at Econpapers || Download paper

  8. Strategy switching in the Japanese stock market. (2013). Yamamoto, Ryuichi ; Hirata, Hideaki.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:37:y:2013:i:10:p:2010-2022.

    Full description at Econpapers || Download paper

  9. Exchange Rate Expectations of Chartists and Fundamentalists. (2013). Menkhoff, Lukas ; Dick, Christian.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_4181.

    Full description at Econpapers || Download paper

  10. Nonlinear Expectations in Speculative Markets. (2012). Reitz, Stefan ; Rulke, Jan ; Stadtmann, Georg.
    In: VfS Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century.
    RePEc:zbw:vfsc12:62045.

    Full description at Econpapers || Download paper

  11. Nonlinear expectations in speculative markets: Evidence from the ECB survey of professional forecasters. (2012). Reitz, Stefan ; Rulke, Jan-Christoph ; Stadtmann, Georg.
    In: Discussion Papers.
    RePEc:zbw:euvwdp:311.

    Full description at Econpapers || Download paper

  12. A simple model of a speculative housing market. (2012). Westerhoff, Frank ; Dieci, Roberto.
    In: Journal of Evolutionary Economics.
    RePEc:spr:joevec:v:22:y:2012:i:2:p:303-329.

    Full description at Econpapers || Download paper

  13. Nonlinear expectations in speculative markets - Evidence from the ECB survey of professional forecasters. (2012). Reitz, Stefan ; Rulke, Jan-Christoph ; Stadtmann, Georg.
    In: Discussion Papers on Economics.
    RePEc:hhs:sdueko:2012_001.

    Full description at Econpapers || Download paper

  14. Nonlinear expectations in speculative markets – Evidence from the ECB survey of professional forecasters. (2012). Reitz, Stefan ; Rulke, Jan-Christoph ; Stadtmann, Georg.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:36:y:2012:i:9:p:1349-1363.

    Full description at Econpapers || Download paper

  15. Indirect estimation of agent-based models.An application to a simple diffusion model.. (2012). Richiardi, Matteo ; Grazzini, Jakob ; Sella, Lisa.
    In: LABORatorio R. Revelli Working Papers Series.
    RePEc:cca:wplabo:118.

    Full description at Econpapers || Download paper

  16. Behavioral Heterogeneity in U.S. Inflation Dynamics. (2012). Massaro, Domenico ; Hommes, Cars ; Cornea-Madeira, Adriana.
    In: CeNDEF Working Papers.
    RePEc:ams:ndfwpp:12-03.

    Full description at Econpapers || Download paper

  17. The Short-Run Pricing Behavior of Closed-End Funds: Bond vs. Equity Funds. (2012). Kim, Hyeongwoo ; Beard, Thomas ; Anderson, Seth ; Stern, Liliana .
    In: Auburn Economics Working Paper Series.
    RePEc:abn:wpaper:auwp2012-03.

    Full description at Econpapers || Download paper

  18. Interactions between the real economy and the stock market. (2011). Westerhoff, Frank.
    In: BERG Working Paper Series.
    RePEc:zbw:bamber:84.

    Full description at Econpapers || Download paper

  19. Estimating Micromotives from Macrobehavior. (2011). Grazzini, Jakob ; Jakob, Grazzini .
    In: Department of Economics and Statistics Cognetti de Martiis. Working Papers.
    RePEc:uto:dipeco:201111.

    Full description at Econpapers || Download paper

  20. Dynamic Forecasting Rules and the Complexity of Exchange Rate Dynamics. (2011). Rovira Kaltwasser, Pablo ; Lyrio, Marco ; Houssa, Romain ; Dewachter, Hans ; Lyrio, Marco & Kaltwasser, Pablo Rovira, .
    In: Insper Working Papers.
    RePEc:ibm:ibmecp:wpe_260.

    Full description at Econpapers || Download paper

  21. New models of trader beliefs and their application for explaining financial bubbles. (2011). Chen, Zhiping ; Duan, Qihong.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:28:y:2011:i:5:p:2215-2227.

    Full description at Econpapers || Download paper

  22. Nonlinear exchange rate dynamics under stochastic official intervention. (2011). LEE, HSIU-YUN .
    In: Economic Modelling.
    RePEc:eee:ecmode:v:28:y:2011:i:4:p:1510-1518.

    Full description at Econpapers || Download paper

  23. An analysis of the effect of noise in a heterogeneous agent financial market model. (2011). Zheng, Min.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:35:y:2011:i:1:p:148-162.

    Full description at Econpapers || Download paper

  24. The heterogeneous expectations hypothesis: Some evidence from the lab. (2011). Hommes, Cars.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:35:y:2011:i:1:p:1-24.

    Full description at Econpapers || Download paper

  25. Do on/off time series models reproduce emerging stock market comovements?. (2011). JAWADI, Fredj ; AROURI, Mohamed ; Mohamed el hédi Arouri, .
    In: Economics Bulletin.
    RePEc:ebl:ecbull:eb-10-00269.

    Full description at Econpapers || Download paper

  26. Consistent Estimation of Agent Based Models. (2011). Grazzini, Jakob.
    In: LABORatorio R. Revelli Working Papers Series.
    RePEc:cca:wplabo:110.

    Full description at Econpapers || Download paper

  27. Complex Methods in Economics: An Example of Behavioral Heterogeneity in House Prices. (2011). van der Leij, Marco ; Diks, Cees ; Demertzis, Maria ; Bolt, Wilko ; Diks, C. G. H., .
    In: CeNDEF Working Papers.
    RePEc:ams:ndfwpp:11-12.

    Full description at Econpapers || Download paper

  28. Evolutionary Selection of Individual Expectations and Aggregate Outcomes in Asset Pricing Experiments. (2011). Hommes, Cars ; Anufriev, Mikhail.
    In: CeNDEF Working Papers.
    RePEc:ams:ndfwpp:11-06.

    Full description at Econpapers || Download paper

  29. Heterogeneity of agents and exchange rate dynamics: Evidence from the EMS. (2010). Zwinkels, Remco ; Verschoor, Willem ; Zwinkels, Remco C. J., ; Verschoor, Willem F. C., ; de Jong, Eelke.
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:29:y:2010:i:8:p:1652-1669.

    Full description at Econpapers || Download paper

  30. On the complicated price dynamics of a simple one-dimensional discontinuous financial market model with heterogeneous interacting traders. (2010). Westerhoff, Frank ; Tramontana, Fabio ; Gardini, Laura.
    In: Journal of Economic Behavior & Organization.
    RePEc:eee:jeborg:v:74:y:2010:i:3:p:187-205.

    Full description at Econpapers || Download paper

  31. Endogenous housing market cycles. (2010). Borgersen, Trond-Arne ; Wennemo, Tom ; Sommervoll, Dag Einar.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:34:y:2010:i:3:p:557-567.

    Full description at Econpapers || Download paper

  32. Optimal premium policy of an insurance firm: Full and partial information. (2010). Wu, Zhen ; Huang, Jianhui ; Wang, Guangchen.
    In: Insurance: Mathematics and Economics.
    RePEc:eee:insuma:v:47:y:2010:i:2:p:208-215.

    Full description at Econpapers || Download paper

  33. Oil price dynamics: A behavioral finance approach with heterogeneous agents. (2010). Zwinkels, Remco ; ter Ellen, Saskia ; Zwinkels, Remco C. J., .
    In: Energy Economics.
    RePEc:eee:eneeco:v:32:y:2010:i:6:p:1427-1434.

    Full description at Econpapers || Download paper

  34. On the specification of noise in two agent-based asset pricing models. (2010). Franke, Reiner.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:34:y:2010:i:6:p:1140-1152.

    Full description at Econpapers || Download paper

  35. Financial crises and interacting heterogeneous agents. (2010). Zheng, Huanhuan ; Huang, Weihong ; Chia, Wai-Mun.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:34:y:2010:i:6:p:1105-1122.

    Full description at Econpapers || Download paper

  36. Heterogeneous speculators, endogenous fluctuations and interacting markets: A model of stock prices and exchange rates. (2010). Westerhoff, Frank ; Dieci, Roberto.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:34:y:2010:i:4:p:743-764.

    Full description at Econpapers || Download paper

  37. Inflation expectations and macroeconomic dynamics: The case of rational versus extrapolative expectations. (2010). Westerhoff, Frank ; Lines, Marji.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:34:y:2010:i:2:p:246-257.

    Full description at Econpapers || Download paper

  38. Behavioral heterogeneity in the option market. (2010). Zwinkels, Remco ; Lehnert, Thorsten ; Frijns, Bart ; Zwinkels, Remco C. J., .
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:34:y:2010:i:11:p:2273-2287.

    Full description at Econpapers || Download paper

  39. Effects of inflation expectations on macroeconomic dynamics: Extrapolative versus regressive expectations. (2009). Westerhoff, Frank ; Lines, Marji.
    In: BERG Working Paper Series.
    RePEc:zbw:bamber:68.

    Full description at Econpapers || Download paper

  40. The relationship between risk attitudes and heuristics in search tasks: A laboratory experiment. (2009). Winter, Joachim ; Schunk, Daniel.
    In: Journal of Economic Behavior & Organization.
    RePEc:eee:jeborg:v:71:y:2009:i:2:p:347-360.

    Full description at Econpapers || Download paper

  41. Heterogeneity in exchange rate expectations: Evidence on the chartist-fundamentalist approach. (2009). Schröder, Michael ; Menkhoff, Lukas ; Rebitzky, Rafael R. ; Schroder, Michael.
    In: Journal of Economic Behavior & Organization.
    RePEc:eee:jeborg:v:70:y:2009:i:1-2:p:241-252.

    Full description at Econpapers || Download paper

  42. Behavioral heterogeneity in dynamic search situations: Theory and experimental evidence. (2009). Schunk, Daniel.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:33:y:2009:i:9:p:1719-1738.

    Full description at Econpapers || Download paper

  43. Uncertainty aversion in a heterogeneous agent model of foreign exchange rate formation. (2009). Salmon, Mark ; Kozhan, Roman.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:33:y:2009:i:5:p:1106-1122.

    Full description at Econpapers || Download paper

  44. Exchange rates and fundamentals under adaptive learning. (2009). Kim, Young Se .
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:33:y:2009:i:4:p:843-863.

    Full description at Econpapers || Download paper

  45. Behavioural heterogeneity and shift-contagion: Evidence from the Asian crisis. (2009). Zwinkels, Remco ; Verschoor, Willem ; Zwinkels, Remco C. J., ; Verschoor, Willem F. C., ; de Jong, Eelke.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:33:y:2009:i:11:p:1929-1944.

    Full description at Econpapers || Download paper

  46. More hedging instruments may destabilize markets. (2009). Wagener, Florian ; Hommes, Cars ; Brock, William ; Wagener, F. O. O., .
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:33:y:2009:i:11:p:1912-1928.

    Full description at Econpapers || Download paper

  47. Can a stochastic cusp catastrophe model explain stock market crashes?. (2009). Vošvrda, Miloslav ; Baruník, Jozef.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:33:y:2009:i:10:p:1824-1836.

    Full description at Econpapers || Download paper

  48. Behavioral Heterogeneity in the Option Market. (2009). Zwinkels, Remco ; Lehnert, Thorsten ; Frijns, Bart.
    In: LSF Research Working Paper Series.
    RePEc:crf:wpaper:09-07.

    Full description at Econpapers || Download paper

  49. Dispersion of Beliefs in the Foreign Exchange Market. (2009). Zwinkels, Remco ; Wolff, Christian ; Verschoor, Willem ; Willem F. C. Verschoor, ; Jongen, Ron ; Remco C. J. Zwinkels, .
    In: LSF Research Working Paper Series.
    RePEc:crf:wpaper:09-01.

    Full description at Econpapers || Download paper

  50. More Hedging Instruments may destablize Markets. (2008). Wagener, Florian ; Hommes, Cars ; Brock, William.
    In: Tinbergen Institute Discussion Papers.
    RePEc:tin:wpaper:20060080.

    Full description at Econpapers || Download paper

  51. Who Does a Currency Transaction Tax Harm More: Short-Term Speculators or Long-Term Investors?. (2008). Demary, Markus.
    In: Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik).
    RePEc:jns:jbstat:v:228:y:2008:i:2-3:p:228-250.

    Full description at Econpapers || Download paper

  52. Staggered updating in an artificial financial market. (2008). Georges, Christophre.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:32:y:2008:i:9:p:2809-2825.

    Full description at Econpapers || Download paper

  53. Informational differences and learning in an asset market with boundedly rational agents. (2008). Dindo, Pietro ; Diks, Cees.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:32:y:2008:i:5:p:1432-1465.

    Full description at Econpapers || Download paper

  54. Estimating the intensity of choice in a dynamic mutual fund allocation decision. (2008). Mizrach, Bruce ; Goldbaum, David.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:32:y:2008:i:12:p:3866-3876.

    Full description at Econpapers || Download paper

  55. Heterogeneity in Exchange Rate Expectations: Evidence on the Chartist-Fundamentalist Approach. (2008). Schröder, Michael ; Menkhoff, Lukas ; Rebitzky, Rafael R. ; Schroder, Michael.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_2502.

    Full description at Econpapers || Download paper

  56. A note on interactions-driven business cycles. (2007). Westerhoff, Frank ; Hohnisch, Martin.
    In: Journal of Economic Interaction and Coordination.
    RePEc:spr:jeicoo:v:2:y:2007:i:1:p:85-91.

    Full description at Econpapers || Download paper

  57. Rational and near-rational bubbles without drift. (2007). Lansing, Kevin.
    In: Working Paper Series.
    RePEc:fip:fedfwp:2007-10.

    Full description at Econpapers || Download paper

  58. Informational differences and learning in an asset market with boundedly rational agents. (2006). Dindo, Pietro ; Diks, Cees.
    In: CeNDEF Working Papers.
    RePEc:ams:ndfwpp:06-11.

    Full description at Econpapers || Download paper

  59. Too much cocited documents. This list is not complete

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-09-21 17:36:27 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.