{"title":"考虑宏观经济因素和随机基风险的预售合同定价","authors":"Chih‐Yuan Yang, Ming-chi Chen, Chia-Chien Chang","doi":"10.1080/08965803.2020.1846324","DOIUrl":null,"url":null,"abstract":"This study analyzes the stochastic basis risk (presale price minus spot housing price) of presale housing from the viewpoint of forward pricing. We employ the modified Brownian bridge process to de...","PeriodicalId":51567,"journal":{"name":"Journal of Real Estate Research","volume":null,"pages":null},"PeriodicalIF":1.2000,"publicationDate":"2020-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/08965803.2020.1846324","citationCount":"0","resultStr":"{\"title\":\"Pricing of Presale Contracts with Macroeconomic Factors and Stochastic Basis Risk\",\"authors\":\"Chih‐Yuan Yang, Ming-chi Chen, Chia-Chien Chang\",\"doi\":\"10.1080/08965803.2020.1846324\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This study analyzes the stochastic basis risk (presale price minus spot housing price) of presale housing from the viewpoint of forward pricing. We employ the modified Brownian bridge process to de...\",\"PeriodicalId\":51567,\"journal\":{\"name\":\"Journal of Real Estate Research\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":1.2000,\"publicationDate\":\"2020-11-16\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://sci-hub-pdf.com/10.1080/08965803.2020.1846324\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Real Estate Research\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.1080/08965803.2020.1846324\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Real Estate Research","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1080/08965803.2020.1846324","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
Pricing of Presale Contracts with Macroeconomic Factors and Stochastic Basis Risk
This study analyzes the stochastic basis risk (presale price minus spot housing price) of presale housing from the viewpoint of forward pricing. We employ the modified Brownian bridge process to de...
期刊介绍:
The American Real Estate Society (ARES), founded in 1985, is an association of real estate thought leaders. Members are drawn from academia and the profession at large, both in the United States and internationally. The Society is dedicated to producing and disseminating knowledge related to real estate decision making and the functioning of real estate markets. The objectives of the American Real Estate Society are to encourage research and promote education in real estate, improve communication and exchange of information in real estate and allied matters among college/university faculty and practicing professionals, and facilitate the association of academic, practicing professional, and research persons in the area of real estate.