Chan, Su Han; Fang, Fang; Yang, Jing - In: Journal of Real Estate Research 36 (2014) 4, pp. 475-510
We set up a game-theoretic model for a market where the presale method (to sell a property before its completion) can be used together with construction loans and mortgages as a developer's financing tools for project developments. This model captures the interactions and dynamics among four...