Asset markets like stock markets are characterized by positive feedback through speculative
demand. But the supply of housing is endogenous, and adds negative feedback to the …

We study strategic default in the laboratory, ie, in a controlled experiment. Subjects are
initially endowed with a house and a mortgage (we use neutral wording in the experiment) …

By now there are hundreds of scientific articles on experimental asset markets. Almost all of
these experiments use a short and definite horizon. This may be one of the starkest …

Credit default swaps (CDS) played an important role in the financial crisis of 2008 leading to
calls for regulation. Here, we seek to understand the impact of a CDS regulation that restricts …

Credit default swaps (CDS) played an important role in the financial crisis of 2008. While
CDS can be used to hedge risks, they can also be used for speculative purposes (as …

There is a strong negative cross-country correlation between the share of consumption that
households spend on housing services and house price bubbles. Countries that spend less …

Impacts of the global rise of housing price from 1980s on the economy has attracted a
surging research interest. As housing represent a major share of household expenditure as …