TY - JOUR
T1 - The bursting of housing bubble as jamming phase transition
AU - Nishinari, Katsuhiro
AU - Iwamura, Mitsuru
AU - Saito, Yukiko Umeno
AU - Watanabe, Tsutomu
PY - 2010
Y1 - 2010
N2 - 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.
AB - 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.
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U2 - 10.1088/1742-6596/221/1/012006
DO - 10.1088/1742-6596/221/1/012006
M3 - Article
AN - SCOPUS:78651094097
SN - 1742-6588
VL - 221
JO - Journal of Physics: Conference Series
JF - Journal of Physics: Conference Series
M1 - 012006
ER -