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A model of the term structure of lease rates in a frictionless economy is developed and its predictions are compared with data on residential leases in Japan. The model shows that the initial lease rate for a cancellable lease must be set higher than that for a non-cancellable lease because the...
Persistent link: https://www.econbiz.de/10011258927
The Freedom House democracy index is often used in regression analysis to estimate the relationship between democratic freedoms and growth. The index is comprised of two broad categories for political rights and civil liberties. However, the relationship between the underlying types of rights...
Persistent link: https://www.econbiz.de/10008529311
This paper explores the extent to which goods follow systematic pricing patterns over their life cycle. The theoretical … significant life cycle pricing effects. This implies that hedonic pricing functions that exclude age are misspecified. Furthermore …
Persistent link: https://www.econbiz.de/10005037733
We approach the question of the costs of everyday residential noise pollution by examining a series of ‘happiness regressions.’ Following standard approaches, we use a range of socio-economic data to explain respondents’ declared level of life satisfaction, and then add perceived noise...
Persistent link: https://www.econbiz.de/10005619599
The town of Wolfville, Nova Scotia is a small historic community, economically dominated by Acadia University. It is located on the north slope of a ridge, affording views of the Minas Basin, at the eastern end of the Bay of Fundy. The upper boundary of the town is a major provincial highway. A...
Persistent link: https://www.econbiz.de/10005790275
This two-part working paper series represents a distillation of practical approaches with regard to the successful management of so-called “legacy assets” which include both impaired as well as non-performing loans, particularly in those in the real estate and property sectors. This two-part...
Persistent link: https://www.econbiz.de/10011265335
expenditures. To identify optimal advertising and pricing decisions, we discuss three possible games (two non cooperative games …
Persistent link: https://www.econbiz.de/10011220301
building block of no-arbitrage pricing theory. Nowadays, in the modern financial world after the credit crunch, some Libors are …
Persistent link: https://www.econbiz.de/10011259157
Options are historically being priced using Black Scholes option pricing model and one of the prominent features of it …
Persistent link: https://www.econbiz.de/10011259299
Abstract The financial market is a subset of assets market. Its efficiency is very important for economic development, functioning as a screening institution for investments. The property sector is another group, comprising urban land. Urbanization is unavoidable, but very important for...
Persistent link: https://www.econbiz.de/10011259595