Real Estate Valuation Theory

Name: Real Estate Valuation Theory
Author: Manya M. Mooya

A Critical Appraisal

Specificaties

Gebonden, blz. | Engels

Springer Berlin Heidelberg | e druk, 2016

ISBN13: 9783662491638

Rubricering

Juridisch :

Springer Berlin Heidelberg e druk, 2016 9783662491638

132,99

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Samenvatting

This
monograph critically reviews and updates real estate valuation theory, which is
based on neoclassical economics, in light of developments in heterodox economic
theory. Building on a comprehensive historical account of the evolution of
value theory, the book uses new institutional economics theory and critical
realism as lenses through which problems in standard valuation theory and
practice are expatiated, and as the foundation for an alternative theory. The
new theory is employed to explain major problems in real estate valuation that
are beyond the capability of the standard theory, such as price bubbles in real
estate markets, anchoring bias, client influence and
valuation under uncertain market conditions.

Specificaties

ISBN13:9783662491638

Taal:Engels

Bindwijze:gebonden

Uitgever:Springer Berlin Heidelberg

Hoofdrubriek:Economie

Inhoudsopgave

Preface.- 1 Standard Theory of Real Estate Market Value: Concepts and Problems.- 2 Aristotle to Marshall: The Evolution of Economic Value Theory.- 3 Traditional Valuation Methods.- 4 Automated Valuation Models.- 5 Real Estate Markets and Neoclassical Economic Theory - A Heterodox Critique.- 6 An Alternative Theory of Market Value: Ontological Foundation.- 7 An Alternative Theory: Market Value as Convention and Market Value as Emergence.- 8 Applications to Problems of Theory and Practice.- Postscript.