Unpublished Paper
Theoretical Constraints on the Price-Rent Ratio and Other Insights from a New Real Estate Model
(2006)
Abstract
I develop a model of the real estate market with rational informed individuals who are either liquid or illiquid. The model shows bounds on the price-rent ratio and dispels some common real estate myths. Suggestions are given for empirical tests of the models implications.
Disciplines
Publication Date
November, 2006
Citation Information
Richard H. Serlin. "Theoretical Constraints on the Price-Rent Ratio and Other Insights from a New Real Estate Model" (2006) Available at: http://works.bepress.com/richard_serlin/5/