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Tag Archives: housing market
An Increasing Marginal Utility May Produce Economic Bubbles
In my earlier post I showed the demand curve for a product A in case the marginal utility of this product increases. I am reproducing it here . It is a “normal” demand curve except that it is truncated at point m … Continue reading
Charles P. Kindleberger on Economic Bubbles and US Asset Bubble of the 2000s
Economic historian Charles P. Kindleberger writes in his “Manias, Panics, and Crashes”(C.P.Kindleberger, 1978 edition, page 17): “As firms and households see others making profits from speculative purchases and resales, they tend to follow. When the number of firms and households … Continue reading
Posted in economic theory, Economics
Tagged bubble, capital gains, Charles Kindleberger, housing bubble, housing market, speculation, tipping point
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The Phenomenon of Price Threshold in US Housing Bubble of the 2000s
So there was a drastic change in the speculation volume ratio to all sales of homes (a threshold) in the course of US housing bubble of the 2000s (see post “Critical Mass of Speculation Triggers Asset bubbles”). I have hypothesized that crossing … Continue reading