𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Unsmoothing Real Estate Returns: A Regime-Switching Approach

✍ Scribed by Colin Lizieri; Stephen Satchell; Warapong Wongwachara

Book ID
114758562
Publisher
John Wiley and Sons
Year
2012
Tongue
English
Weight
935 KB
Volume
40
Category
Article
ISSN
1080-8620

No coin nor oath required. For personal study only.

πŸ“œ SIMILAR VOLUMES

A theory of predictable excess returns i
A theory of predictable excess returns in real estate
✍ Matthew Spiegel; William Strange πŸ“‚ Article πŸ“… 1992 πŸ› Springer US 🌐 English βš– 951 KB

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