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Pricing of Presale Contracts with Macroeconomic Factors and Stochastic Basis Risk
Journal of Real Estate Research ( IF 0.8 ) Pub Date : 2020-10-01 , DOI: 10.1080/08965803.2020.1846324
Chih-Yuan Yang,Ming-Chi Chen,Chia-Chien Chang

This study analyzes the stochastic basis risk (presale price minus spot housing price) of presale housing from the viewpoint of forward pricing. We employ the modified Brownian bridge process to de...

中文翻译:

具有宏观经济因素和随机基差风险的预售合同定价

本研究从远期定价的角度分析预售房的随机基差风险(预售价格减去现货房价)。我们采用改进的布朗桥过程来设计...
更新日期:2020-10-01
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