This paper examines the impact of distressed sales on single family house prices during a housing market collapse. The innovation here is a methodology to create a proxy for distressed sales when such sales are not identified in the data but are commonplace in the market. We apply our...

The literature’s guidance on appraising easement values is limited, such as the sometimes unworkable advice to locate appropriate comparables. A simple economic analysis involving applications of bargaining theory (splitting a cooperative surplus) and game theory (anticipating other...

The differences in the ownership structures of downtown retail districts and shopping centers may give rise to varying space allocations and rental contracts found in these markets. This article specifically examines the value-enhancing aspects of percentage leases and explores the mechanisms of...

Rules of thumb have been developed to assist appraisers in dealing with the uncertainties that abound when easement values must be estimated. An economic analysis of one popular rule-of-thumb technique, based on a fixed percentage of the value of a hypothetical fee simple interest in the...