September 1950
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38 Reads
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88 Citations
The Economic Journal
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Citations (1)
... Likewise, according to Weicher (1997, p. 148), "filtering is probably the most confused concept in housing economics, the most frequently mentioned, ill-defined, uninvestigated notion in literature. Yet in the natural mindset, it remains ingrained as the 'recognized phenomenon' (Ratcliff, 1949) that had led to numerous contradiction". However, the most agreed-upon understanding is that filtering is the wellrecognized phenomenon that housing tends to move downward in the value and quality scales as it ages. ...
- Citing Article
September 1950
The Economic Journal