Controlling for the Impact of Variable Liquidity in Commercial Real Estate Price Indices

By Jeffrey D. Fisher, Dean Gatzlaff, David M. Geltner, D. Haurin. 2003

289 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/d9aa979cd13016b13af3de8feb1cd040af4ed6ac

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Sheharyar Bokhari
2. David M. Geltner
3. C. Leung

In Finance

1. Sheharyar Bokhari
2. David M. Geltner
3. Jeffrey D. Fisher
4. C. Leung

Citations in the corpus

• Housing Price Dispersion: An Empirical Investigation (2006, background): “33 Among others, see Fisher et al. (2003) for more discussion on this.”
• The Subprime Crisis and House Price Appreciation (2011, unknown): “…California cities and Boston peak around 1990 and dropped by a 12 http://www2.standardandpoors.com/portal/site/sp/en/us/page.topic/indexes_csmahp/0,0,0,0,0,0,0,0,0,1, 1,0,0,0,0,0.html 13 http://www.ofheo.gov/hpi.aspx 14 Fisher et al. (2003) address this issue for an index of commercial properties.”
• Illiquidity and Pricing Biases in the Real Estate Market (2007, unknown): “5 The analysis that follows is consistent with that developed by others (e.g., see Fisher, Gatzlaff, Geltner, and Haurin (2003) ) who recognize the stochastic nature of the transaction process for real estate as it affects transaction prices and time on market.”
• Loss aversion and anchoring in commercial real estate pricing: Empirical evidence and price index implications (2010, methodology): “The model developed here is similar to that employed by G-M, but extends and enhances their model by explicitly incorporating the prospect theory reference point in the value function.6 To test for prospect theory, the structural model specifies that the log asking price, L is a linear function of…”
• A Quarterly Transactions-based Index of Institutional Real Estate Investment Performance and Movements in Supply and Demand (2007, background): “7 As described in the Fisher et al. (2003) appendix, b is a standard output of econometric software”