-
Can the Mortensen-Pissarides Model Match the Housing Market Facts ?
This paper examines whether the baseline Mortensen-Pissarides matching model can account for the housing market facts, namely, the existence of price dispersion, the... -
Liquidity generated by heterogeneous beliefs and costly estimations
International audience -
Trading Volume and Market Efficiency: An Agent Based Model with Heterogenous ...
This paper studies the effect of investor's bounded rationality on market dynamics. In an order driven market, we consider a few-types model where two risky assets are...
