No-Bubble Condition: Model-free Tests in Housing Markets
收藏NBER2014-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20154
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资源简介：
We test for the existence of housing bubbles associated with a failure of the transversality condition that requires the present value of payments occurring infinitely far in the future to be zero. The most prominent such bubble is the classic rational bubble. We study housing markets in the U.K.
提供机构：
美国国家经济研究局
创建时间：
2014-05-01
