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Market Equilibrium Analysis


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


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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