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Competing Risks in a Time on the Market Analysis

de Wit, Erik R. - 2010

Theoretical models on the selling process in the housing market are scarce. Taylor (1999) specifies a model where time-on-the-market gives a quality signal of the house to potential buyers if inspection outcomes of the house are not public. We specify a duration model with competing risks, where...

Persistent link: https://www.econbiz.de/10010326079

Home win: What if Britain solved its housing crisis?

Niemietz, Kristian - 2024

This paper is written in the style of a report from the future (the year 2035), or more precisely, from a possible future, in which Britain has successfully solved its housing crisis. Looking 'back', it tells the story of how this happened, and what the consequences were. It starts with a...

Persistent link: https://www.econbiz.de/10015334121

Flipping in the housing market

Leung, Charles Ka Yui; Tse, Chung-Yi - 2017

akin to the arbitraging middlemen in classical finance theory. In speeding up turnover, the flipping that takes place in a …

Persistent link: https://www.econbiz.de/10012013660

Volatilitätseffekte am US-amerikanischen Häusermarkt

Schindler, Felix - 2009

Während direkte Immobilieninvestments lang Zeit als renditeträchtig bei gleichzeitig begrenztem Risiko galten, führte den Anlegern insbesondere die gegenwärtige Finanzmarktkrise vor Augen, dass auch Immobilienanlagen insbesondere in den USamerikanischen Häusermarkt mit hohen Risiken...

Persistent link: https://www.econbiz.de/10010299182

House prices and rents in the 21st century

Loewenstein, Lara; Willen, Paul - 2023

We study the joint evolution of prices and rents of residential property. After constructing rent and price indices for renter- and owner-occupied properties, we decompose the change in the price of occupant-owned property into (1) changes in rent, (2) changes in the relative prices of investor-...

Persistent link: https://www.econbiz.de/10014442968

Rational bubbles and fractional integration

Kruse, Robinson - 2008

In this article we provide evidence for a rational bubble in S\&P 500 stock prices by applying a test for changing persistence under fractional integration proposed by Sibbertsen and Kruse (2007). We find strong evidence for stationary long memory before the estimated change point in 1955 and a...

Persistent link: https://www.econbiz.de/10010265683

Another Look at Cryptocurrency Bubbles

Gronwald, Marc - 2019

This paper deals with cryptocurrency bubbles. First, it points out that a number of recent papers on cryptocurrency … bubbles are awed due to an insufficient consideration of the fundamental value of cryptocurrencies. As even fiat money is said … to exhibit features of bubbles, the same applies to cryptocurrencies. Thus, any empirical investigation into either the …

Persistent link: https://www.econbiz.de/10012052849

Agrarrohstoffpreise und Lebensmittelpreise in armen Ländern

Holtemöller, Oliver - In: Wirtschaft im Wandel 22 (2016) 1, pp. 5-8

In der Politik und in den Medien wird darüber diskutiert, ob spekulativer Handel mit Agrarrohstoffen den Hunger in der Welt vermehrt. In diesem Aufsatz wird untersucht, in welchem Umfang sich Schwankungen von Agrarrohstoffpreisen auf nationale Verbraucherpreise für Lebensmittel in Indien als...

Persistent link: https://www.econbiz.de/10011502208

Detecting asset price bubbles with time-series methods

Taipalus, Katja - 2012

conventional unit root tests in modified forms can be used to construct early warning indicators for bubbles in financial markets … 1871, they are able to signal most of the consensus bubbles, defined as stock market booms for example by the IMF, and they … bubbles from the data. Finally, these early warning indicators are applied to data for several housing markets. In most of the …

Persistent link: https://www.econbiz.de/10012148911

Realized copula

Fengler, Matthias R.; Okhrin, Ostap - 2012

We introduce the notion of realized copula. Based on assumptions of the marginal distributions of daily stock returns and a copula family, realized copula is defined as the copula structure materialized in realized covariance estimated from within-day high-frequency data. Copula parameters are...

Persistent link: https://www.econbiz.de/10010318779