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Volumn 19, Issue 2, 2002, Pages 223-242

Equilibrium valuation of illiquid assets

Author keywords

Asset pricing; Housing prices; Illiquidity; Search

Indexed keywords


EID: 0036003057     PISSN: 09382259     EISSN: None     Source Type: Journal    
DOI: 10.1007/PL00004214     Document Type: Article
Times cited : (34)

References (12)
  • 1
    • 84983978498 scopus 로고
    • Forecasting prices and excess returns in the housing market
    • Case, K. E., Shiller, R. J.: Forecasting prices and excess returns in the housing market. AREUEA Journal 18(3), 253-273 (1990)
    • (1990) AREUEA Journal , vol.18 , Issue.3 , pp. 253-273
    • Case, K.E.1    Shiller, R.J.2
  • 2
    • 0000480869 scopus 로고
    • Efficient capital markets: A review of theory and empirical work
    • Fama, E. F.: Efficient capital markets: A review of theory and empirical work. Journal of Finance 25, 283-417 (1970)
    • (1970) Journal of Finance , vol.25 , pp. 283-417
    • Fama, E.F.1
  • 3
    • 0345401653 scopus 로고
    • Bid, ask, and transaction prices in a specialist model with heterogeneously informed traders
    • Glosten, L. R, Milgrom, P. R.: Bid, ask, and transaction prices in a specialist model with heterogeneously informed traders. Journal of Financial Economics 14, 71-100 (1985)
    • (1985) Journal of Financial Economics , vol.14 , pp. 71-100
    • Glosten, L.R.1    Milgrom, P.R.2
  • 7
    • 0000150312 scopus 로고
    • Asset prices in an exchange economy
    • Lucas, R. E.: Asset prices in an exchange economy. Econometrica 46, 1429-1445 (1978)
    • (1978) Econometrica , vol.46 , pp. 1429-1445
    • Lucas, R.E.1
  • 8
    • 43949147692 scopus 로고
    • Testing the present value relation for housing prices: Should I leave my house in San Francisco?
    • Meese, R., Wallace, N.: Testing the present value relation for housing prices: should I leave my house in San Francisco? Journal of Urban Economics 35, 245-266 (1994)
    • (1994) Journal of Urban Economics , vol.35 , pp. 245-266
    • Meese, R.1    Wallace, N.2
  • 9
    • 0029507570 scopus 로고
    • Prices and trading volume in the housing market: A model with downpayment effects
    • Stein, J. C.: Prices and trading volume in the housing market: a model with downpayment effects. Quarterly Journal of Economics 110, 379-406 (1995)
    • (1995) Quarterly Journal of Economics , vol.110 , pp. 379-406
    • Stein, J.C.1
  • 11
    • 84934453132 scopus 로고
    • Vacancy, search, and prices in a housing market matching model
    • Wheaton, W. C.: Vacancy, search, and prices in a housing market matching model. Journal of Political Economy 61, 1270-1292 (1990)
    • (1990) Journal of Political Economy , vol.61 , pp. 1270-1292
    • Wheaton, W.C.1
  • 12
    • 21844496152 scopus 로고
    • Pricing real assets with costly search
    • Williams, J. T.: Pricing real assets with costly search. Review of Financial Studies 8, 55-90 (1995)
    • (1995) Review of Financial Studies , vol.8 , pp. 55-90
    • Williams, J.T.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.