Can a stochastic cusp catastrophe model explain housing market crashes?
Year of publication: |
August 2016
|
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Authors: | Diks, Cees G. H. ; Wang, Juanxi |
Published in: |
Journal of economic dynamics & control. - Amsterdam [u.a.] : Elsevier, ISSN 0165-1889, ZDB-ID 717409-3. - Vol. 69.2016, p. 68-88
|
Subject: | Stochastic catastrophe | Housing market | Instability | Multiple equilibria | Wohnungsmarkt | Theorie | Theory | Nichtlineare Dynamik | Nonlinear dynamics | Finanzkrise | Financial crisis | Immobilienmarkt | Real estate market | Stochastischer Prozess | Stochastic process | Immobilienpreis | Real estate price |
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