This paper investigates the cycle of housing movement preferences in Istanbul by focusing on three basic characteristics of residential areas: (a) The housing prices (b) The life quality (c) The Socio-economic structure of the residents. The aim is to estimate filtering process in Istanbul...

ERES:conference

This article investigates the issue regarding how a regulator rectifies inefficiencies associated with the negative externality from development in a framework where the regulator imposes a constraint on tax revenues. This article assumes that developers in a competitive real estate industry...

ERES:conference

ERES:conference

[abstract missing - contribution appeared in the programme]

Information technology has been increasingly applied in real estate transactions so as to improve trading effectiveness and efficiency. Although the usage has reached phenomenal levels in the past decade, the inherent risks associated with applying the Internet is still not very much understood....

ERES:conference

The main objective of this paper is to lay out a methodology for optimal sizing, or subordination, and pricing of the credit-sensitive Residential Mortgage Backed Securities (RMBS). To that end, we combine a Monte Carlo simulation framework with a model of cash flow waterfalls across multiple...

Urban economic literature usually focuses on Central Business District model, which explains rental gradient around city center and is based on assumption that agents are dispersed in space, but all work in one point. The basic idea of the present model is that jobs exist in all point of...