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Market Equilibrium Analysis

Authors:

Richard L. PARLI (1), Norman G. MILLER (2)
  1. Parli Appraisal, USA
  2. University of San Diego, USA

Abstract:

This article extends the previous work of authors like Mueller, Pyhrr, Smith, Rosen, and others on real estate cycles. The definition of market equilibrium is explored, and a new definition is offered identifying stable rental rates as the key indicator. Research on the application of the new definition is presented and a second definition − equilibrium vacancy − is proffered. Finally, possible applications for the new approach to market equilibrium analysis are presented.

 
 
 
 

Journal information

  • Edited by: IROVAL under ANEVAR guidance
  • ISSN: 1842-3787
  • Frequency: bi-annual
  • Current Volume: 12 (2), 2017
 
 
 
 
 

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CNCSIS category B+

 
 
 
 
 
 

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