A Time-Series Model of Housing Investment in the U.S.
收藏NBER1986-01-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w1818
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资源简介:
A decentralized market theory of investment based on rising supply price is formulated and explained. Asset prices embody all available information in a competitive market and serve as "sufficient statistics" for future market conditions. Construction is determined myopically by marginal cost
提供机构:
美国国家经济研究局
创建时间:
1986-01-01



