Arrested development: theory and evidence of supply-side speculation in the housing market

Charles G. Nathanson and Eric Zwick
Revised and resubmitted to Journal of Finance

Speculation reverses the common intuition that elastic housing supply attenuates house price booms.

Speculative dynamics of prices and volume

Anthony A. DeFusco, Charles G. Nathanson, and Eric Zwick

Volume cycles in bubbles due to the entry and exit of short-term investors, who sell frequently.

directed attention and non-parametric learning

Ian Dew-Becker and Charles G. Nathanson

An optimal boundedly rational model captures low-frequency but not high-frequency dynamics of income.