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Towards a Real Estate Land use Modeling Paradigm
Author(s) -
Dokko Yoon,
Edelstein Robert H.
Publication year - 1992
Publication title -
real estate economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.064
H-Index - 61
eISSN - 1540-6229
pISSN - 1080-8620
DOI - 10.1111/1540-6229.00580
Subject(s) - real estate , transaction cost , database transaction , real estate development , cost approach , economics , conceptual framework , business , land use , industrial organization , microeconomics , marketing , environmental economics , computer science , finance , sociology , engineering , database , civil engineering , social science
This article develops a conceptual research‐oriented framework for understanding how land uses are allocated in the marketplace. The analyses highlight the crucial roles that market information and transaction costs play in determining the outcomes of transactions between real estate users and suppliers and the dynamics of real estate land uses and prices.