Gender roles and online marketing communications in real estate markets

Bubbles in Real Estate Markets

Real estate markets and bank distress

We investigate the relationship between real estate markets and bank distress among German universal and specialized mortgage banks between 1995 and 2004. Higher house prices increase the value of collateral, which reduces the probability of bank distress (PDs). But higher prices at given rents may also indicate excessive expectations regarding the present value of real estate assets, which can...

Integrated marketing communications in markets with uncertainty and competition

Firms frequently utilize multiple communications instruments as part of their marketing campaign. Interactions between these instruments suggest that firms should apply Integrated Marketing Communications (IMC) to benefit from the synergies. We review different IMC models and then present a stochastic IMC model for which explicit closed-loop solutions of the optimal advertising and market share...

Price Formation and the Appraisal Function in Real Estate Markets

A real estate market model characterized by incomplete information, costly search, and varying expectations is presented. The model describes a self-selection process for market participants and a distribution of transaction prices. These transaction prices, which arise from a Nash equilibrium, can be expressed as a noisy signal, reflecting incomplete information as well as the conditions of sa...

Regime Shifts in Asian Equity and Real Estate Markets

The recent Asian financial crisis has emphasized the volatility of modern financial markets. This crisis, and other recent financial shocks, suggest that returns may switch regimes: that is, randomly change from one distribution to another. This paper analyzes regime shifts in real estate and equity markets in ten Far Eastern countries, focusing on the period 1994 1998. We find little evidence ...