References
- Adamczewski, Z. (2006). Elementy modelowania matematycznego w wycenie nieruchomości. Podejście porównawcze (Elements of Mathematical Modeling in Real Estate Valuation. Comparative Approach). Oficyna Wydawnicza Politechniki Warszawskiej. Warszawa.
- Baffoe-Bonnie, J. (1998). The dynamic impact of macroeconomic aggregates on housing prices and stock of houses: A national and regional analysis. The Journal of Real Estate Finance and Economics, 17(2), 179–197. https://doi.org/10.1023/A:1007753421236
- Ball, M. (2006). Markets & Institutions in Real Estate & Construction. Blackwell Publishing. https://doi.org/10.1002/9780470757581
- Ball, M. (2010). Critical commentary. Cities and housing markets: Changes and continuities in the aftermath of the 2007-08 World Financial Crisis. Urban Studies (Edinburgh, Scotland), 47(5), 931–944. https://doi.org/10.1177/0042098010364143
- Belej, M., & Kulesza, S. (2015). The dynamics of time series of real estate prices. Real Estate Management and Valuation, 23(4), 35–43. https://doi.org/10.1515/remav-2015-0034
- Black, A., Fraser, P., & Hoesli, M. (2006). House prices, fundamental and bubbles. Journal of Business Finance & Accounting, 33(9-10), 1535–1555. https://doi.org/10.1111/j.1468-5957.2006.00638.x
- Brzezicka, J. (2013). Behawioralne aspekty ewolucji funkcji agencji ratingowych (Behavioural aspects of the evolution of rating agencies functions), The Central European Journal of Social Sciences and Humanities. Ekonomia, 3(24), 63–74.
- Brzezicka, J. (2016). Znaczenie heurystyki zakotwiczenia i dostosowania w procesie wartościotwórczym na rynku nieruchomości (Significance of anchoring and adjustment heuristic in the process of value creation on the real estate market). Acta Scientiarum Polonorum. Administratio Locorum, 15(1), 31–44. https://doi.org/10.31648/aspal.480
- Brzezicka, J., & Wiśniewski, R. (2012). Behawioralne aspekty rynku nieruchomości (Behavioral aspects of the real estate market). Studia i Materiały Towarzystwa Naukowego Nieruchomości, 20(2), 21–31.
- Brzezicka, J., Łaszek, J., Olszewski, K., & Wiśniewski, R. (2022). The missing asymmetry in the Polish house price cycle: An analysis of the behaviour of house prices in 17 major cities. Journal of Housing and the Built Environment, 37, 1029–1056. https://doi.org/10.1007/s10901-021-09861-w
- Capozza, D. R., Hendershott, P. H., Mack, C., & Mayer, C. J. (2002). Determinants of real house price dynamics. Working Paper 9262, National Bureau of Economic Research, Cambridge. https://doi.org/10.3386/w9262
- Charemza, W., & Deadman, D. F. (1997). New Directions in Econometric Practice (2nd ed.). Edward Elgar Publishing.
- Cheung, K. S., Yiu, C. Y., & Guan, Y. (2022). Homebuyer Purchase Decisions: Are They Anchoring to Appraisal Values or Market Prices? Journal of Risk and Financial Management, 15(4), 159. https://doi.org/10.3390/jrfm15040159
- Dąbrowski I., Mach Ł., Mikołajczyk Ł. & Kuświk A. (2020). Correlation of economic development of countries with the potential of their housing real estate markets: A case study in the European Union. European Research Studies Journal, XXIII, Special Issue, 1, 660–678.
- Dickey, D. A., & Fuller, W. A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74(366), 427–431. https://doi.org/10.2307/2286348
- Doszyń, M. (2020). Econometric support of mass valuation process. Folia Oeconomica Stetinensia, 20(1), 81–94. https://doi.org/10.2478/foli-2020-0005
- Doszyń, M. (2022). Econometric models of real estate prices with prior information. Mixed Estimation. Real Estate Management and Valuation, 30(3), 61–72. https://doi.org/10.2478/remav-2022-0021
- Doszyń, M. (2022a). Might expert knowledge improve econometric real estate mass appraisal? The Journal of Real Estate Finance and Economics, OA, https://doi.org/10.1007/s11146-022-09891-3
- Drachal K. (2014). Model podażowo-popytowy cen nieruchomości (Supply and demand model of real estate prices). Świat Nieruchomości, 87, 41-44.
- Drachal, K. (2015). Cointegration of property prices in Poland. Expert Journal of Economics, 3(1), 1–4.
- Engle, R. F., & Granger, C. W. J. (1987). Cointegration and error correction: Representation, estimation and testing. Econometrica, 55(2), 251–276. https://doi.org/10.2307/1913236
- Englund, P., & Ioannides, Y. M. (1997). House price dynamics: An international empirical perspective. Journal of Housing Economics, 6(2), 119–136. https://doi.org/10.1006/jhec.1997.0210
- Epley, N., & Gilovich, T. (2001). Putting adjustment back in the anchoring and adjustment heuristic: Differential processing of self-generated and experimenter-provided anchors. Psychological Science, 12(5), 391–396. https://doi.org/10.1111/1467-9280.00372 PMID:11554672
- Epley, N., & Gilovich, T. (2006). The anchoring-and-adjustment heuristic: Why the adjustments are insufficient. Psychological Science, 17(4), 311–318. https://doi.org/10.1111/j.1467-9280.2006.01704.x PMID:16623688
- Foryś, I. (2013). Społeczno-gospodarczedeterminanty rozwoju rynku mieszkaniowego w Polsce (Social and economic determinants of the housing market development in Poland). Wydawnictwo Naukowe Uniwersytetu Szczecińskiego.
- Hwang, M., & Quigley, J. M. (2006). Economic fundamentals in local housing markets: Evidence from U.S. metropolitan regions. Journal of Regional Science, 46, 425–453. https://doi.org/10.1111/j.1467-9787.2006.00480.x
- Jasinski, T., & Bochenek, A. (2016). Prognozowanie cen nieruchomości lokalowych za pomocą sztucznych sieci neuronowych (Apartment prices forecasting by the artificial neural networks). Studia i Prace WNEiZ US, 45(1), 317–327.
- Johansen, S. (1991). Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models. Econometrica, 59(6), 1551–1580. https://doi.org/10.2307/2938278
- Jud, G. D., & Winkler, D. T. (2002). The dynamics of metropolitan housing prices. Journal of Real Estate Research, 23(1/2), 29–46.
- Kokot, S. (2018). An attempt to identify social – economic factors in the levels of property prices in chosen cities in Poland. Real Estate Management and Valuation, 26(3), 93–104. https://doi.org/10.2478/remav-2018-0028
- Kokot, S. (2020). Socio-economic factors as a criterion for the classification of housing markets in selected cities in Poland. Real Estate Management and Valuation, 28(3), 77–90. https://doi.org/10.1515/remav-2020-0025
- Kokot, S. (2023). The effect of price anchoring on the housing market based on studies of local markets in Poland. Real Estate Management and Valuation, 31(3), 44–57. https://doi.org/10.2478/remav-2023-0020
- Kucharska-Stasiak, E. (2014). Behawioralne aspekty w wycenie nieruchomości (Behavioral aspects in real estate valuation). Journal of Management and Finance, 12(4), 247–261.
- Lee, C. (2022). Training and interpreting machine learning models: Application in property tax assessment. Real Estate Management and Valuation, 30(1), 13–22. https://doi.org/10.2478/remav-2022-0002
- Leszczyński, R., & Olszewski, K. (2017). An analysis of the primary and secondary housing market in Poland: Evidence from the 17 largest cities. Baltic Journal of Economics, 17(2), 136–151. https://doi.org/10.1080/1406099X.2017.1344482
- Leung, T. C., & Tsang, K. P. (2013). Can anchoring and loss aversion explain the predictability of housing prices? Pacific Economic Review, 18(1), 41–59. https://doi.org/10.1111/1468-0106.12009
- Maddala, G. S., & Kim, I. M. (1998). Unit Roots. Cointegration and Structural Change. Cambridge University Press.
- Maddala, G. S., & Lahiri, K. (2009). Introduction to Econometrics (4th ed.). Wiley.
- Northcraft, G. B., & Neale, M. A. (1987). Experts, amateurs, and real estate: An anchoring-and-adjustment perspective on property pricing decisions. Organizational Behavior and Human Decision Processes, 39(1), 84–97. https://doi.org/10.1016/0749-5978(87)90046-X
- Oikarinen, E., Bourassa, S. C., Hoesli, M., & Engblom, J. (2018). U.S. metropolitan house price dynamics. Journal of Urban Economics, 105, 54–69. https://doi.org/10.1016/j.jue.2018.03.001
- Parzych, P. (2007). Modelowanie wartości nieruchomości zurbanizowanych (The modeling of urban real estates values). Studia i Materiały Towarzystwa Naukowego Nieruchomości, 15(3-4), 167–176.
- Shie, F. S. (2019). The anchoring effect of historical peak to house price. Journal of Real Estate Research, 41(3), 443–472. https://doi.org/10.22300/0896-5803.41.3.443
- Tekin, M., & Sari, I. (2022). Real estate market price prediction model of Istanbul. Real Estate Management and Valuation, 30(4), 1–16. https://doi.org/10.2478/remav-2022-0025
- Tomal, M. (2019). The impact of macro factors on apartment prices in Polish counties: A two-stage quantile spatial regression approach. Real Estate Management and Valuation, 27(4), 1–14. https://doi.org/10.2478/remav-2019-0031
- Tomal, M. (2022). Identification of house price bubbles using robust methodology: Evidence from Polish provincial capitals. Journal of Housing and the Built Environment, 37(3), 1461–1488. https://doi.org/10.1007/s10901-021-09903-3 PMID:34602917
- Tversky, A., & Kahneman, D. (1973). Availability. A heuristic for judging frequency and probability. Cognitive Psychology, 5(2), 207–232. https://doi.org/10.1016/0010-0285(73)90033-9
- Tversky, A., & Kahneman, D. (1974). Judgement under uncertainty: Heuristic and biases. Science, 185, 1124–1131. https://doi.org/10.1126/science.185.4157.1124 PMID:17835457
- Wiśniewski, R. (1998). Zastosowanie sztucznych sieci neuronowych do masowej wyceny (The use of artificial neural networks for mass valuation). Wycena, 1(36), 15–20.
- Wolniak, R., Olkiewicz, M., Szymczewska, M., & Olkiewicz, A. (2020). The functioning of the real estate market: Dynamics of price formation and the sale of apartments. European Research Studies, XXIII (2), 281–307. https://doi.org/10.35808/ersj/1594
- Wolverton, M. (2000). Self-perception of the role of the appraiser: Objective opinions or price validations? The Appraisal Journal, 68(3), 272–282.
- Zbyrowski, R. (2010). Szacowanie wartości nieruchomości na podstawie modeli ekonometrycznych (Estimating the value of real estate based on econometric models). Equilibrium, 1(4), 241–252.
- Żelazowski, K. (2017). Housing market cycles in the context of business cycles. Real Estate Management and Valuation, 25(3), 5–14. https://doi.org/10.1515/remav-2017-0017