DiPasquale, Denise; Wheaton, William C. - In: Real Estate Economics 20 (1992) 2, pp. 181-198
In this study, we present a simple analytic framework that divides the real estate market into two markets: the market for real estate space and the market for real estate assets. After describing the size and character of flows and stocks in the U.S. real estate market, we use our framework to...