{"id":"https://openalex.org/W2891296491","doi":"https://doi.org/10.2139/ssrn.4710928","title":"An Agent-Based Model of the Housing Market Bubble in Metropolitan Washington D.C.","display_name":"An Agent-Based Model of the Housing Market Bubble in Metropolitan Washington D.C.","publication_year":2024,"publication_date":"2024-01-01","ids":{"openalex":"https://openalex.org/W2891296491","doi":"https://doi.org/10.2139/ssrn.4710928","mag":"2891296491"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.4710928","doi":"https://doi.org/10.2139/ssrn.4710928","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.4710928","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.4710928","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5070200645","display_name":"Robert L. Axtell","orcid":"https://orcid.org/0000-0002-7187-2960","observed_orcids":["https://orcid.org/0000-0002-7187-2960"]},"institutions":[{"id":"https://openalex.org/I1308548392","display_name":"Santa Fe Institute","ror":"https://ror.org/01arysc35","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1308548392"]},{"id":"https://openalex.org/I162714631","display_name":"George Mason University","ror":"https://ror.org/02jqj7156","country_code":"US","type":"education","lineage":["https://openalex.org/I162714631"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Robert Axtell","raw_affiliation_strings":["George Mason University - Department of Computational Social Science","George Mason University - Department of Computational Social Science, 4400 University Drive, 375 Research Hall, Fairfax, VA 22030, United States","George Mason University - Department of Economics","George Mason University - Department of Economics, 4400 University Drive, Fairfax, VA 22030, United States","Santa Fe Institute - Economics","Santa Fe Institute - Economics, 1399 Hyde Park Rd, Santa Fe, NM 87501, United States"],"raw_orcid":"https://orcid.org/0000-0002-7187-2960","affiliations":[{"raw_affiliation_string":"George Mason University - Department of Computational Social Science","institution_ids":["https://openalex.org/I162714631"]},{"raw_affiliation_string":"George Mason University - Department of Computational Social Science, 4400 University Drive, 375 Research Hall, Fairfax, VA 22030, United States","institution_ids":["https://openalex.org/I162714631"]},{"raw_affiliation_string":"George Mason University - Department of Economics","institution_ids":["https://openalex.org/I162714631"]},{"raw_affiliation_string":"George Mason University - Department of Economics, 4400 University Drive, Fairfax, VA 22030, United States","institution_ids":["https://openalex.org/I162714631"]},{"raw_affiliation_string":"Santa Fe Institute - Economics","institution_ids":["https://openalex.org/I1308548392"]},{"raw_affiliation_string":"Santa Fe Institute - Economics, 1399 Hyde Park Rd, Santa Fe, NM 87501, United States","institution_ids":["https://openalex.org/I1308548392"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5042916337","display_name":"J. Doyne Farmer","orcid":"https://orcid.org/0000-0001-7871-073X","observed_orcids":["https://orcid.org/0000-0001-7871-073X"]},"institutions":[{"id":"https://openalex.org/I1308548392","display_name":"Santa Fe Institute","ror":"https://ror.org/01arysc35","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1308548392"]},{"id":"https://openalex.org/I40120149","display_name":"University of Oxford","ror":"https://ror.org/052gg0110","country_code":"GB","type":"education","lineage":["https://openalex.org/I40120149"]}],"countries":["GB","US"],"is_corresponding":true,"raw_author_name":"J. Doyne Farmer","raw_affiliation_strings":["Santa Fe Institute","Santa Fe Institute, 1399 Hyde Park Road, Santa Fe, NM 87501, United States","University of Oxford - Institute for New Economic Thinking at the Oxford Martin School","University of Oxford - Institute for New Economic Thinking at the Oxford Martin School, Eagle House, Walton Well Road, Oxford, OX2 6ED, United Kingdom"],"raw_orcid":"https://orcid.org/0000-0001-7871-073X","affiliations":[{"raw_affiliation_string":"Santa Fe Institute","institution_ids":["https://openalex.org/I1308548392"]},{"raw_affiliation_string":"Santa Fe Institute, 1399 Hyde Park Road, Santa Fe, NM 87501, United States","institution_ids":["https://openalex.org/I1308548392"]},{"raw_affiliation_string":"University of Oxford - Institute for New Economic Thinking at the Oxford Martin School","institution_ids":["https://openalex.org/I40120149"]},{"raw_affiliation_string":"University of Oxford - Institute for New Economic Thinking at the Oxford Martin School, Eagle House, Walton Well Road, Oxford, OX2 6ED, United Kingdom","institution_ids":["https://openalex.org/I40120149"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5044549130","display_name":"John D Geanakoplos","orcid":"https://orcid.org/0000-0001-5853-0619","observed_orcids":["https://orcid.org/0000-0001-5853-0619"]},"institutions":[{"id":"https://openalex.org/I1308548392","display_name":"Santa Fe Institute","ror":"https://ror.org/01arysc35","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1308548392"]},{"id":"https://openalex.org/I32971472","display_name":"Yale University","ror":"https://ror.org/03v76x132","country_code":"US","type":"education","lineage":["https://openalex.org/I32971472"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"John D Geanakoplos","raw_affiliation_strings":["Santa Fe Institute","Yale University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Santa Fe Institute","institution_ids":["https://openalex.org/I1308548392"]},{"raw_affiliation_string":"Yale University","institution_ids":["https://openalex.org/I32971472"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5053865318","display_name":"Peter W. Howitt","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I27804330","display_name":"Brown University","ror":"https://ror.org/05gq02987","country_code":"US","type":"education","lineage":["https://openalex.org/I27804330"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Peter Howitt","raw_affiliation_strings":["Brown University","Brown University, Box 1860, Providence, RI 02912, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Brown University","institution_ids":["https://openalex.org/I27804330"]},{"raw_affiliation_string":"Brown University, Box 1860, Providence, RI 02912, United States","institution_ids":["https://openalex.org/I27804330"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5055861595","display_name":"Ernesto Carrella","orcid":"https://orcid.org/0000-0002-1045-6787","observed_orcids":["https://orcid.org/0000-0002-1045-6787"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Ernesto Carrella","raw_affiliation_strings":["Independent"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Independent","institution_ids":[]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5023939428","display_name":"Benjamin Conlee","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Benjamin Conlee","raw_affiliation_strings":["Independent"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Independent","institution_ids":[]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5112728611","display_name":"Jonathan P. Goldstein","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Jon Goldstein","raw_affiliation_strings":["Independent"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Independent","institution_ids":[]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5018277127","display_name":"Matthew Hendrey","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Matthew Hendrey","raw_affiliation_strings":["Independent"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Independent","institution_ids":[]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5098077473","display_name":"Philip Kalikman","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I19772626","display_name":"Yeshiva University","ror":"https://ror.org/045x93337","country_code":"US","type":"education","lineage":["https://openalex.org/I19772626"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Philip Kalikman","raw_affiliation_strings":["Sy Syms School of Business, Yeshiva University","Sy Syms School of Business, Yeshiva University, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Sy Syms School of Business, Yeshiva University","institution_ids":["https://openalex.org/I19772626"]},{"raw_affiliation_string":"Sy Syms School of Business, Yeshiva University, United States","institution_ids":["https://openalex.org/I19772626"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5056838447","display_name":"David Masad","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"David Masad","raw_affiliation_strings":["Independent"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Independent","institution_ids":[]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5057386758","display_name":"Nathan Palmer","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I2802905149","display_name":"Federal Reserve Board of Governors","ror":"https://ror.org/00v448643","country_code":"US","type":"government","lineage":["https://openalex.org/I1317239608","https://openalex.org/I2802905149"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Nathan Palmer","raw_affiliation_strings":["Board of Governors of the Federal Reserve System","Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Board of Governors of the Federal Reserve System","institution_ids":["https://openalex.org/I2802905149"]},{"raw_affiliation_string":"Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551, United States","institution_ids":["https://openalex.org/I2802905149"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5019530570","display_name":"Chun-Yi Yang","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Chun-Yi Yang","raw_affiliation_strings":["Independent"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Independent","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":7,"corresponding_author_ids":["https://openalex.org/A5042916337"],"corresponding_institution_ids":["https://openalex.org/I1308548392","https://openalex.org/I40120149"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":17,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.0010000000474974513,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11817","display_name":"Housing, Finance, and Neoliberalism","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/housing-bubble","display_name":"housing bubble","score":0.9800000190734863},{"id":"https://openalex.org/keywords/agent-based-modeling","display_name":"agent-based modeling","score":0.7400000095367432},{"id":"https://openalex.org/keywords/mortgage-market","display_name":"mortgage market","score":0.5720000267028809},{"id":"https://openalex.org/keywords/housing-prices","display_name":"housing prices","score":0.6060000061988831},{"id":"https://openalex.org/keywords/washington-d-c-metropolitan-area","display_name":"Washington, D.C. metropolitan area","score":0.7580000162124634},{"id":"https://openalex.org/keywords/housing-stock","display_name":"housing stock","score":0.6200000047683716},{"id":"https://openalex.org/keywords/foreclosure","display_name":"foreclosure","score":0.6230000257492065},{"id":"https://openalex.org/keywords/mortgage-refinancing","display_name":"mortgage refinancing","score":0.824999988079071},{"id":"https://openalex.org/keywords/household-leverage","display_name":"household leverage","score":0.7570000290870667},{"id":"https://openalex.org/keywords/interest-rate-policy","display_name":"interest rate policy","score":0.9160000085830688},{"id":"https://openalex.org/keywords/housing-market-simulation","display_name":"housing market simulation","score":0.37299999594688416}],"concepts":[{"id":"https://openalex.org/C158739034","wikidata":"https://www.wikidata.org/wiki/Q1907114","display_name":"Metropolitan area","level":2,"score":0.7683455348014832},{"id":"https://openalex.org/C157915830","wikidata":"https://www.wikidata.org/wiki/Q2928001","display_name":"Bubble","level":2,"score":0.6903216242790222},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3877297341823578},{"id":"https://openalex.org/C148383697","wikidata":"https://www.wikidata.org/wiki/Q1781695","display_name":"Regional science","level":1,"score":0.33031824231147766},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.28991228342056274},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.19162487983703613},{"id":"https://openalex.org/C57879066","wikidata":"https://www.wikidata.org/wiki/Q41217","display_name":"Mechanics","level":1,"score":0.15932223200798035},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.10562917590141296}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2139/ssrn.4710928","doi":"https://doi.org/10.2139/ssrn.4710928","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.4710928","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"}],"best_oa_location":{"id":"doi:10.2139/ssrn.4710928","doi":"https://doi.org/10.2139/ssrn.4710928","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.4710928","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/11","score":0.666700005531311,"display_name":"Sustainable cities and communities"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":15,"referenced_works":["https://openalex.org/W1524155250","https://openalex.org/W1524531188","https://openalex.org/W1600319693","https://openalex.org/W1977578104","https://openalex.org/W2065660491","https://openalex.org/W2119878137","https://openalex.org/W2124532652","https://openalex.org/W2166528517","https://openalex.org/W2398174853","https://openalex.org/W3121806345","https://openalex.org/W3122049385","https://openalex.org/W3122159404","https://openalex.org/W3122239074","https://openalex.org/W3123884917","https://openalex.org/W3124258899"],"related_works":["https://openalex.org/W6940938385","https://openalex.org/W2105215072","https://openalex.org/W2290221313","https://openalex.org/W2607168192","https://openalex.org/W7095300634","https://openalex.org/W1988463647","https://openalex.org/W7000095742","https://openalex.org/W2894290793","https://openalex.org/W3016815039","https://openalex.org/W2780500922"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":1},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":1},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2014,"cited_by_count":1}],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2018-09-27T00:00:00"}
