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Empirical Evidence in the Structure of Physical Theories

✍ Scribed by Obradovć, Stojan

Book ID
118048656
Publisher
Springer
Year
2012
Tongue
English
Weight
523 KB
Volume
18
Category
Article
ISSN
1233-1821

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This paper presents a model which intends to explain the capital structure of real estate assets. The model is cast in classical portfolio choice framework, but special attention is paid to the liquidity constraint. The test of this model on two assets with different capital structures (new housing