Recently added articles from Real Estate Economics:
Commercial office space: testing the implications of real options models with competitive interactions.(Author abstract)
Mar 22, 2007; ... We test the implications of real option pricing models with competitive interactions for commercial real estate development. The competitive nature of a local commercial real estate market relies on a Herfindahl ratio derived from individual developers' shares of total office construction ...
Commercial real estate valuation, development and occupancy under leasing uncertainty.
Mar 22, 2007; ... A model of commercial property valuation is developed where individual property owners are price takers and tenants randomly arrive and depart. Spot lease and tenant reservation prices are stochastic and correlated and can divert from but eventually revert back to market equilibrium ....
Comovement after joining an index: spillovers of nonfundamental effects.(Author abstract)
Mar 22, 2007; ... This study considers the case of two overlapping categories in the context of recent category models. Specifically, we examine whether investor sentiment and market frictions specific to one category can affect the returns on assets belonging to the other category. With recent additions of ...
Airports and economic development.
Mar 22, 2007; ... This article tests whether the activity at a metropolitan area's airport helps predict population and employment growth. In regression equations explaining employment and population growth, the article uses various measures of airport activity, including boardings, originations, hub status ...
Hospitals: the market for health care facilities.(Author abstract)
Mar 22, 2007; ... Health care facilities include hospitals and nursing homes. Demand for beds and occupancy depends on income, prices and insurer restrictions. The supply of beds is limited by regulatory certificates of need. The implied equilibrium vacancy leads to a trade-off with rate increases. Rate ...