{"title":"住宅房地产衍生品定价","authors":"M. Richter","doi":"10.2139/ssrn.2665380","DOIUrl":null,"url":null,"abstract":"This article, which is primarily didactic in nature, provides basic intuition on asset pricing and risk-neutral valuation with a specific focus on residential real estate. I look into the pricing of physical real estate and two variations of derivative. I derive some specific valuation formulas in a highly simplified context of a one-period economy on a discrete probability space. I generalise the formulas to a limited extent for a multi-period economy. The formulas can be applied to richer structures in a straightforward manner and which I hope to do in future iterations of this text.","PeriodicalId":177064,"journal":{"name":"ERN: Other Econometric Modeling: Derivatives (Topic)","volume":"37 4 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2015-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Pricing Residential Real Estate Derivatives\",\"authors\":\"M. Richter\",\"doi\":\"10.2139/ssrn.2665380\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This article, which is primarily didactic in nature, provides basic intuition on asset pricing and risk-neutral valuation with a specific focus on residential real estate. I look into the pricing of physical real estate and two variations of derivative. I derive some specific valuation formulas in a highly simplified context of a one-period economy on a discrete probability space. I generalise the formulas to a limited extent for a multi-period economy. The formulas can be applied to richer structures in a straightforward manner and which I hope to do in future iterations of this text.\",\"PeriodicalId\":177064,\"journal\":{\"name\":\"ERN: Other Econometric Modeling: Derivatives (Topic)\",\"volume\":\"37 4 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2015-07-12\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"ERN: Other Econometric Modeling: Derivatives (Topic)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.2665380\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"ERN: Other Econometric Modeling: Derivatives (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.2665380","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
This article, which is primarily didactic in nature, provides basic intuition on asset pricing and risk-neutral valuation with a specific focus on residential real estate. I look into the pricing of physical real estate and two variations of derivative. I derive some specific valuation formulas in a highly simplified context of a one-period economy on a discrete probability space. I generalise the formulas to a limited extent for a multi-period economy. The formulas can be applied to richer structures in a straightforward manner and which I hope to do in future iterations of this text.
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