Asymmetric information between producer and consumer of health care gives rise to a principal‐agent relationship between these two parties. If the consumer of care can credibly assume that producers are motivated by factors other than selfish gain obvious benefits in terms of process utility...

This paper uses time series econometric techniques to model regional property rents in order to build a picture of the distinctiveness and commonality of the Scottish property sector. Data used comes from a series stretching from 1970‐1998 and allows Scotland’s market performance (in terms...

Purpose – The industrial property market has traditionally been under‐researched but, in recent years, studies have ranged from examining rental change at the national level to examining supply factors at the local level. These studies are valuable to the real estate community, but there...

Purpose – Shanghai is the most important economic centre in China. It also has the nation's largest modern office market in terms of floorspace and investment values. However, as with office markets in other cities and countries, the Shanghai market displays rental volatility. This paper aims...

This book examines the financing of real estate investment and development within the context of an increasingly integrated international world economy and financial system. The approach shows how real estate financial structures influence general economic development. It also integrates...