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Title:Pricing Large-Ticket Capital Assets: The Case of Residential Income-Producing Real Property
Author(s):Webb, James R.
Department / Program:Finance
Degree Granting Institution:University of Illinois at Urbana-Champaign
Subject(s):Economics, Finance
Abstract:The selling price of large-ticket capital assets has been hypothesized to increase as time on the market increases in previous theoretical literature. However, the results of empirical studies using single-family houses have been inconclusive. This study extends the previous empirical work by using income-producing multifamily properties. Using a multiplicative functional form and multiple regression analysis, this study produced significant results. However, the results indicate that selling price decreases as time on the market increases. Since an offer is observable only if it is accepted by the seller and results in a sale, some previous researchers may have misinterpreted their results.
Issue Date:1982
Description:164 p.
Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 1982.
Other Identifier(s):(UMI)AAI8218583
Date Available in IDEALS:2014-12-16
Date Deposited:1982

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