Wyman, David; Worzala, Elaine; Seldin, Maury - In: International Journal of Housing Markets and Analysis 6 (2013) 4, pp. 383-404
Purpose – The purpose of this exploratory paper is to examine the lack of reliability of traditional neo-classical models and to argue that it is due to the hidden complexity and non-linearity that may operate at times in residential housing markets. As a result, market efficiency may be a...