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    Home price dynamics: A behavioural economy?

    Access Status
    Fulltext not available
    Authors
    Smith, Susan
    Date
    2011
    Type
    Journal Article
    
    Metadata
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    Citation
    Smith, S. 2011. Home price dynamics: A behavioural economy? Housing, Theory and Society. 28 (3): pp. 236-261.
    Source Title
    Housing, Theory and Society
    DOI
    10.1080/14036096.2011.599179
    ISSN
    1403-6096
    School
    Bankwest-Curtin Economics Centre
    URI
    http://hdl.handle.net/20.500.11937/53583
    Collection
    • Curtin Research Publications
    Abstract

    Housing is a hot topic for economists, sparking numerous lively debates. Many of these address the vexed question of price: its micro-economic foundations and its macro-economic effects. Notwithstanding significant achievements, however, economics has struggled to account for home price dynamics using tried and tested tools. At the same time, other disciplines, ostensibly well placed to contribute, have tended to stand back. As the analytical task becomes more urgent, this paper considers the scope for rapprochement. Can cross-disciplinary alliances help establish whether housing markets are driven by hidden hands, animal spirits or some other financial intelligence?. © 2011 Copyright Taylor and Francis Group, LLC.

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