Browsing Norges Banks vitenarkiv by Author "Larsen, Erling Røed"
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Testing for Micro Efficiency in the Housing Market
Anundsen, André K.; Larsen, Erling Røed (Working Papers;6/2016, Working paper, 2016)While aggregate house price indices display time persistence, less is known about micro persistence. This article proposes that absence of micro persistence implies that an excessively high or low sell price in one transaction ...