We introduce a theoretical tool for handling pure-jump processes taking values in complex spaces. We generalize the notion of rate kernels for the non-Markov case, being able to describe any pure-jump process in Borel space with absolutely continuous conditional distribution of jump times. We...

The aim of this paper is to investigate whether different market regimes affect bidding behavior in housing auctions. Taking advantage of special circumstances in the Norwegian housing market in 2015 and 2016, we conduct a survey involving 1803 respondents in three of Norway’s largest cities,...