This chapter surveys the state-of-art of heterogeneous agent models (HAMs) in finance
using a jointly theoretical and empirical analysis, combined with numerical analysis from the …

This article presents a systematic literature review on residential property investor types in
selected social science disciplines and critically evaluates the status quo of academic …

This study examines the dynamic characteristics of information spillover effect among
economic policy uncertainty (EPU), stock and housing markets in China's first-, second-and …

Emissions trading is gaining increasing importance around the world as a suitable
instrument to address climate change. In the absence of a global carbon market, however …

The real estate market in China is often subject to government intervention while it is widely
believed that speculation is one of the driving forces for the dramatic increase in house …

This study presents a novel perspective on the impact of market-intelligence channels on
property markets and the subsequent effects on the formation of alliances among public-and …

Asset markets like stock markets are characterized by positive feedback through speculative
demand. But the supply of housing is endogenous, and adds negative feedback to the …

Abstract Motivated by Merton (1973), we propose a novel bivariate intertemporal asset
pricing model, which relates expected equity and bond market returns to their conditional …

We propose a simple agent-based computational model in which speculators' trading
behavior may cause bubbles and crashes, excess volatility, serially uncorrelated returns, fat …

Over the past few decades, numerous attempts have been made to examine ripple effects
using housing prices. What seems to be lacking, however, is a return to investor behaviour …