Asymmetric Information and the Predictability of Real Estate Returns
โ Scribed by Michael Cooper; David H. Downs; Gary A. Patterson
- Book ID
- 110255244
- Publisher
- Springer US
- Year
- 2000
- Tongue
- English
- Weight
- 139 KB
- Volume
- 20
- Category
- Article
- ISSN
- 0895-5638
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
A principal-agent model is employed to characterize the equilibrium mortgage contract. The value of a house depends on the actions of its owner but affects the wealth of both the owner and the lender who writes the mortgage contract with which the house is purchased. Because of this, the buyer is ex
This research examines the causal relationship between several financial variables and a portfolio of real estate returns using monthly data from January 1965 to December 1986. The empirical analysis is based on multivariate Granger-causality tests in conjunction with Akaike's final prediction error