On Efficiency of Real Estate Market
||On Efficiency of Real Estate Market
||18th Annual European Real Estate Society Conference in Eindhoven, the Netherlands
||The paper develops a theoretical framework to examine the efficiency of real market. First, I compare the efficiency concept of real estate market to that of capital market. Second, I show positive short-term house price correlation in a rational expectation model. Third, I discuss empirical implications of my work.
||efficient market, forecastable returns, informed investors, hedonic pricing
||file.ppt (1,125,376 bytes)
Post discussion ...
||F2: Housing Market (III)
These pages are best viewed with any standards compliant browser (e.g. Mozilla).