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These pages briefly mention the assumption of indifference between residing in different locations which is embodied in spatial equilibrium. Sometimes, for a person, a pure indifference may result, namely gains and costs (monetary or not) are entirely compensated among locations; but sometimes...
Persistent link: https://www.econbiz.de/10011108486
Trends in residential house values can be expressed by changes in House Price Indexes (HPIs). Since the recent housing crash, distressed sales have increased in numbers and have led to concerns about how they affect HPIs. This paper has three parts. First, FHFA’s standard HPIs are compared to...
Persistent link: https://www.econbiz.de/10011110782
A game-theoretical model of the investment value formation of the instruments of corporate control (shares or stakes in equity) is formulated and analyzed. It is shown that this value depends significantly on the allocation of equity among the owners, and the on the possibilities of the...
Persistent link: https://www.econbiz.de/10011273252
A number of highly cited papers by Flyvbjerg and associates have shown that ex ante infrastructure appraisals tend to be overly optimistic. Ex post evaluations indicate a bias where investment costs are higher and benefits lower on average than predicted ex ante. These authors argue that the...
Persistent link: https://www.econbiz.de/10011258650
Evaluating the environmental performance of a building is rapidly gaining importance as a metric in real estate investments. Since interpretation of the technical measurements is difficult and requires high expertise, investors tend to rely on markers as provided by environmental certification...
Persistent link: https://www.econbiz.de/10005078657
The main objective of the financial appraisal of an innovation project is to measure the rentability of those projects …. The financial appraisal of an innovation project is similary to investment projects at short level. But on the other side …
Persistent link: https://www.econbiz.de/10005025720
quarters following the appraisal. Even in a portfolio context, allowing for offsetting positive and negative differences … “appraisal error” is largely systematic; we can explain more than half of the variation in the signed percentage difference in … sales price and appraised value. Hence, appraisal errors are not due solely to property-specific heterogeneity. …
Persistent link: https://www.econbiz.de/10009226816
quarters following the appraisal. Even in a portfolio context, allowing for offsetting positive and negative differences … “appraisal error” is largely systematic; we can explain more than half of the variation in the signed percentage difference in … sales price and appraised value. Hence, appraisal errors are not due solely to property-specific heterogeneity. …
Persistent link: https://www.econbiz.de/10011258429
organisation movements which have been resisting all that harms agriculture and the ‘rural’, the entry of such organisations which … actors has a stake in maintenance of its presence in the ‘rural’ because agriculture here has not been displaced by either … state’ image in the countryside, it is only the act of delivery of justice for the ‘rural’ that would be crucial in …
Persistent link: https://www.econbiz.de/10011259109
people especially those living in developing countries such as India. Especially the people living in rural areas have been … constantly encountering the locational disadvantage: being located in rural areas the access to basic amenities is denied or … inadequate. In this respect the President of India advocated that provision of urban amenities in rural areas is an essential …
Persistent link: https://www.econbiz.de/10011259216