Stein, Michael; Piazolo, Daniel; Stoyanov, Stoyan V. - Rheinisch-Westfälisches Institut für … - 2013
-constant tail parameters in stable distributions, which contradicts earlier findings about constant tail parameters. Additionally …This study focuses on global real estate return distributions. For our analysis, we employ the class of stable … distributions that has become prominent in the real estate literature. We add to the literature by undertaking a global …