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Bubbles On Real Estate Market
Essay specific features
Written by:
Melinda D
Date added:
March 17, 2016
Level:
University
Grade:
A
No of pages / words:
6 / 1495
Was viewed:
7863 times
Rating of current essay:
Essay content:
The first is that asset prices are driven by market fundamentals, which they call the fundamental price, Ptf. The second is that there are times when asset prices deviate away from market fundamentals, which they call the non-fundamental price, Ptnf.
Pt = Ptf + Ptnf
There are two models, which observe non-fundamental part in housing prices in literature, which are fad’s model and the stochastic bubble’s model...
displayed 300 characters
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The second is that there are times when asset prices deviate away from market fundamentals, which they call the non-fundamental price, Ptnf.
Pt = Ptf + Ptnf
There are two models, which observe non-fundamental part in housing prices in literature, which are fad’s model and the stochastic bubble’s model...
displayed 300 characters
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