| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w2748 |
| 来源ID | Working Paper 2748 |
| The Behavior of Home Buyers in Boom and Post-Boom Markets | |
| Karl E. Case; Robert J. Shiller | |
| 发表日期 | 1988-10-01 |
| 出版年 | 1988 |
| 语种 | 英语 |
| 摘要 | A questionnaire survey looked at home buyers in May 1988 in two "boom" cities currently experiencing rapid price increases (Anaheim and San Francisco), a "post-boom" city whose home prices are stable or falling a couple years after rapid price increase (Boston) and a "control" city where home prices had been very stable (Milwaukee). Home buyers in the boom cities had much higher expectations for future price increases, and were more influenced by investment motives. The interpretations that people place on the boom are not usually related to any concrete news event; there are instead oft-repeated cliches about home prices. This suggests that sudden real estate booms have, at least in part, a social, rather than rational or economic, basis. There is evidence for excess demand in boom markets and excess supply in the post-boom market; there appear to be various reasons for this: notions of fairness, intrinsic worth, popular theories about prices, coordination problems, and simple mistakes. |
| 主题 | Public Economics |
| URL | https://www.nber.org/papers/w2748 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/560011 |
| 推荐引用方式 GB/T 7714 | Karl E. Case,Robert J. Shiller. The Behavior of Home Buyers in Boom and Post-Boom Markets. 1988. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w2748.pdf（383KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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