Eres : Digital Library : Works

Paper eres2011_14:
On Efficiency of Real Estate Market

id eres2011_14
authors Gan, Quan
year 2011
title On Efficiency of Real Estate Market
source 18th Annual European Real Estate Society Conference in Eindhoven, the Netherlands
summary 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.
keywords efficient market, forecastable returns, informed investors, hedonic pricing
series ERES:conference
content file.ppt (1,125,376 bytes)
discussion No discussions. Post discussion ...
session F2: Housing Market (III)
last changed 2011/06/23 16:27
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