Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/82952
Authors: 
Hallberg, Daniel
Johansson, Per
Year of Publication: 
2002
Series/Report no.: 
Working Paper, Department of Economics, Uppsala University 2002:12
Abstract: 
We give general conditions for the data generating process to facilitate the testing of structural dependence of turnover on the average (or median) price in the homogenous housing market. Furthermore, the implications of aggregation over sub-markets is studied. A plausible explanation of the disparate empirical findings in this literature may be aggregation over heterogenous sub-markets. This conclusion is supported by empirical findings using longitudinal quarterly data for 289 Swedish municipalities during 1981:1-2000:2.
Subjects: 
Aggregation bias
House price
Volume of trade
Search
JEL: 
C43
C51
D10
Document Type: 
Working Paper

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