The bursting of housing bubble as jamming phase transition

Katsuhiro Nishinari, Mitsuru Iwamura, Yukiko Umeno Saito, Tsutomu Watanabe

研究成果: Article査読

3 被引用数 (Scopus)

抄録

In this paper, we have proposed a bubble burst model by focusing on transaction volume incorporating a traffic model that represents spontaneous traffic jam. We find that the phenomenon of bubble burst shares many similar properties with traffic jam formation on highway by comparing data taken from the U.S. housing market. Our result suggests that transaction volume could be a driving force of bursting phenomenon.

本文言語English
論文番号012006
ジャーナルJournal of Physics: Conference Series
221
DOI
出版ステータスPublished - 2010
外部発表はい

ASJC Scopus subject areas

  • Physics and Astronomy(all)

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