Efficient Real Estate Markets: Paradox or Paradigm?
This paper examines the question of whether an efficient markets paradigm should be adopted for the modelling and testing of real estate markets. It considers the perceived imperfections commonly suggested for these markets and reviews the existing weak form and semistrong form tests of real estate...
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| Veröffentlicht in: | AREUEA Journal 1987-06, Vol.15 (2), p.1-12 |
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| container_title | AREUEA Journal |
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| creator | Gau, George W. |
| description | This paper examines the question of whether an efficient markets paradigm should be adopted for the modelling and testing of real estate markets. It considers the perceived imperfections commonly suggested for these markets and reviews the existing weak form and semistrong form tests of real estate efficiency. Finally, it examines some of the likely implications for real estate research and practice resulting from the acceptance of such a paradigm. |
| doi_str_mv | 10.1111/1540-6229.00415 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 1080-8620 |
| ispartof | AREUEA Journal, 1987-06, Vol.15 (2), p.1-12 |
| issn | 1080-8620 0270-0484 1540-6229 |
| language | eng |
| recordid | cdi_proquest_journals_211150393 |
| source | Periodicals Index Online; EBSCOhost Business Source Complete; Access via Wiley Online Library |
| subjects | Economic models Economic theory Efficient markets Real estate |
| title | Efficient Real Estate Markets: Paradox or Paradigm? |
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