Liang, Youguo; Myer, F.C. Neil; Webb, James R. - In: Real Estate Economics 24 (1996) 2, pp. 247-256
How much in real estate? To answer this question, uncertainty needs to be introduced into the efficient frontier, so that a confidence interval can be estimated for the real estate weight in a mixed-asset portfolio. Instead of focusing on a single optimal portfolio, this study examines the...