Richard, Jean-Francois; Zhang, Wei - In: Oxford Bulletin of Economics and Statistics 58 (1996) 4, pp. 601-13
The authors consider stochastic and dynamic extensions of a model for U.K. house prices proposed by D. F. Hendry (1984). Numerical integrations are carried out by means of an accelerated importance sampling technique developed by J. F. Richard and W. Zhang (1996). The authors find that prices...