Browsing Norges Banks publikasjonsserier / Norges Bank publication series by Subject "JEL: D44"
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Testing for Micro Efficiency in the Housing Market
(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 ...