A Statistical Explanation for Extreme Bids in the House Market.
This paper proposes a simple statistical explanation for the phenomenon of extreme bids. During a boom, the housing market regime switches from a single bidder to a multiple bidder environment. The sale price in a multiple bidder auction is the maximum bid and the distribution of maximum bids contai...
| Publicado en: | Urban Studies (Routledge) Vol. 44; no. 12; pp. 2339 - 2356 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Taylor & Francis Ltd
Nov2007
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |