Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2018.1429289
Market depth in the UK housing market
Huey-Cherng Tsai
; Department of Finance, Southern Taiwan University of Science and Technology, Tainan, Taiwan
I-Chun Tsai
orcid.org/0000-0001-8277-2327
; Department of Finance, National University of Kaohsiung, Kaohsiung, Taiwan
Sažetak
This study uses regional data from the UK housing market to analyse
market depth. Market depth is the trading volume required to move
market prices by one unit. Two methods are applied in this study to
analyse the depth of the housing market. First, the responsiveness
of housing prices to changes in volume is measured. Second,
the relationships between the housing price deviations from the
fundamental level and the trading volume are estimated. The results
of this article show that a thinner housing market indicates more
housing price deviations caused by temporary changes in volume.
Ključne riječi
Market depth; price–volume relationship; quantile regression; mean group panel fully modified estimation
Hrčak ID:
200680
URI
Datum izdavanja:
3.12.2018.
Posjeta: 802 *