ERES:conference

This article explores a technique for constructing REIT-based "pure-play" portfolios which replicate the performance of "target" real estate sectors without direct exposure to "non-target" sectors. The construction of pure-play portfolios uses a combination of long and short positions, and does...

This paper uses numerical solutions of a dynamic optimization model to examine the principal-agent relationship between the seller and broker in residential real estate markets. Potential conflict of interest is quantified in two dimensions, the level of selling effort the broker puts forth, and...