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Steven Cookand Duncan Watson Author
Subjects of specialization
Affiliation
Asymmetry,House prices,Triples test
School of Economics, University of East Anglia, UK
Biography
Duncan, a Senior Fellow of the Higher Education Academy, is primarily a labour economist. Whilst retaining his commitment to this area of expertise, much of his recent research has been considerably less conventional in form. Over the past few years he has been preoccupied with transgressing a few ?economic borderlines?, and he has experimented with the application of labour theory to increasingly diverse topics
Publications
Research Article Open Access
Asymmetric Price Adjustment in the London Housing Market: A Disaggregated Analysis
Author(s): Steven Cook and Duncan Watson
The literature on the econometric analysis of UK housing prices is extended via a disaggregated analysis of asymmetric price adjustment in the London market. Using a robust non-parametric approach, extensive asymmetric behaviour is detected. Examination of ‘all properties’ indices reveals a higher level of asymmetric price adjustment in the higher priced Inner London regions relative to Outer London. However, interesting variations in asymmetric behaviour are detected in more detailed analyses involving consideration of alternative classifications of housing. The implications of the dependence of the results on view more»
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