Bubbles Are Departures from Equilibrium Housing Markets: Evidence from Singapore and Taiwan
The housing prices in many Asian cities have grown rapidly since mid-2000s, leading to many reports of bubbles. However, such reports remain controversial as there is no widely accepted definition for a housing bubble. Previous studies have focused on indices, or assumed that home prices are lognoma...
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Veröffentlicht in: | PloS one 2016-11, Vol.11 (11), p.e0166004-e0166004 |
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