Pour ceux qui comme notre famille s'interrogent sur le marché immbilier de Paris en 2005.
Many of those discussing the possibility of a housing market bubble seem to be taking Justice Potter Stewart's position on pornography-- they haven't defined a bubble, but they think they know it when they see it. Maybe it's useful to take a look at a formal characterization of the concept of a speculative bubble, and see how well it seems to fit the facts of the current situation. Econbrowser: What is a bubble and is this one now?Posté par Jean-Philippe Papillon ŕ juillet 23, 2005 04:58 PM