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Paper: eres2011_14
| Paper title: | On Efficiency of Real Estate Market |
| Authors: | Gan, Quan |
| 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. |
| Type: | |
| Year of publication: | 2011 |
| Keywords: | efficient market, forecastable returns, informed investors, hedonic pricing |
| Series: | ERES:conference |
| Download paper: | /pdfs/eres2011_14.content.ppt |
| Citation: | Gan, Quan (2011). On Efficiency of Real Estate Market. 18th Annual European Real Estate Society Conference in Eindhoven, the Netherlands, http://itc.scix.net/paper/eres2011_14 |
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