Are Housing Bubbles Contagious? A Case Study of Las Vegas and Los Angeles Home Prices.

Riddel Mary.

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Are Housing Bubbles Contagious? A Case Study of Las Vegas and Los Angeles Home Prices.

机译：房地产泡沫具有传染性吗？拉斯维加斯和洛杉矶房价案例研究。

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This paper asks whether speculative house-price pressure in an economic center can spill into related housing markets. In other words, are bubbles contagious? I develop a theoretical model that allows for speculative price appreciation to spread from one market to another. I estimate an error-correction model using quarterly housing data for Las Vegas and Los Angeles and fundamental market variables from 1978 Quarter 2 through 2008 Quarter 1. Las Vegas prices show significant persistence and adjust slowly to disequilibrium. Contagious price and income growth from the Los Angeles market sustained by naive expectations contributed to the bubble that formed in Las Vegas.

机译：本文问经济中心的投机性房价压力是否会扩散到相关的住房市场。换句话说，泡沫会传染吗？我开发了一种理论模型，允许投机性价格升值从一个市场传播到另一个市场。我使用拉斯维加斯和洛杉矶的季度房屋数据以及1978年第2季度到2008年第1季度的基本市场变量来估计误差校正模型。拉斯维加斯价格显示出显着的持久性，并会慢慢适应不平衡。天真的期望使洛杉矶市场价格和收入的传染性增长助长了拉斯维加斯形成的泡沫。

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《Land Economics》 |2011年第1期|共19页
作者
Riddel Mary.;
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正文语种 eng
中图分类建筑科学;
关键词
Urban; Rural; and Regional Economics: Housing Demand; Housing Supply and Markets; Homes; Housing.;

机译：城市;农村;区域经济：住房需求;住房供求市场;房屋;住房。;

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1. Are Housing Bubbles Contagious? A Case Study of Las Vegas and Los Angeles Home Prices. [J] . Riddel Mary. Land Economics . 2011,第1期

机译：房地产泡沫具有传染性吗？拉斯维加斯和洛杉矶房价案例研究。
2. The 2007 Los Angeles Mommy and Baby Study: A Multilevel, Population-Based Study of Maternal and Infant Health in Los Angeles County [J] . Shin M. Chao, Fathima Wakeel, Dena Herman, Advances in preventive medicine . 2014,第Null期

机译：2007年洛杉矶妈妈和婴儿研究：洛杉矶县基于人群的多层次母婴健康研究
3. The 2007 Los Angeles Mommy and Baby Study: A Multilevel, Population-Based Study of Maternal and Infant Health in Los Angeles County [J] . Shin M.Chao, FathimaWakeel, DenaHerman, Advances in preventive medicine . 2014,第2期

机译：2007年洛杉矶妈妈和婴儿研究：洛杉矶县基于人口的多层次母婴健康研究
4. Effects of RVP reduction on vehicle CO emissions during Las Vegas and Los Angeles winter conditions - Petroleum environmental research forum project number 95-06 [C] . Rutherford James A., Horn Jerome C., Naylor Michael, SAE Conference . 1998

机译：拉斯维加斯和洛杉矶冬季条件下射频减少对车辆共同排放的影响 - 石油环境研究论坛项目编号95-06
5. A comparison of greenhouse gas emissions and local area pollution of highspeed rail and air travel between Los Angeles and Las Vegas. [D] . Mullins, Damien. 2013

机译：洛杉矶和拉斯维加斯之间的温室气体排放量和高速铁路和航空旅行的局部污染的比较。
6. The 2007 Los Angeles Mommy and Baby Study: A Multilevel Population-Based Study of Maternal and Infant Health in Los Angeles County [O] . Shin M. Chao, Fathima Wakeel, Dena Herman, 2014

机译：2007年洛杉矶妈妈和婴儿研究：洛杉矶县基于人口的多层次母婴健康研究
7. A STUDY ON THE HOUSING PLAN BY GREGORY AIN AND ITS SHARE IN THE HOUSING PRESERVATION : A study on Mar Vista Tract in Los Angeles Part 1 [O] . Yasuko KAMEI, Yoko SONE, Miwa KOJIMA 2006

机译：Gregory AIN的住房计划及其在住房保存中的份额研究 - 洛杉矶中Mar Vista Dract的研究1
8. Policing and Prosecuting Sexual Assault in Los Angeles City and County: A Collaborative Study in Partnership with the Los Angeles Police Department, the Los Angeles County Sheriffs Department, and the Los Angeles County District Attorneys Office [R] . Spohn, C., Tellis, K. 2012

机译：在洛杉矶市和县进行警务和起诉性侵犯：与洛杉矶警察局，洛杉矶县警察局和洛杉矶县地方检察官办公室合作开展的合作研究

Are Housing Bubbles Contagious? A Case Study of Las Vegas and Los Angeles Home Prices.

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