- ホーム
- > 洋書
- > 英文書
- > Business / Economics
Full Description
This
monograph critically reviews and updates real estate valuation theory, which is
based on neoclassical economics, in light of developments in heterodox economic
theory. Building on a comprehensive historical account of the evolution of
value theory, the book uses new institutional economics theory and critical
realism as lenses through which problems in standard valuation theory and
practice are expatiated, and as the foundation for an alternative theory. The
new theory is employed to explain major problems in real estate valuation that
are beyond the capability of the standard theory, such as price bubbles in real
estate markets, anchoring bias, client influence and
valuation under uncertain market conditions.
Contents
Preface.- 1 Standard Theory of Real Estate Market Value: Concepts and Problems.- 2 Aristotle to Marshall: The Evolution of Economic Value Theory.- 3 Traditional Valuation Methods.- 4 Automated Valuation Models.- 5 Real Estate Markets and Neoclassical Economic Theory - A Heterodox Critique.- 6 An Alternative Theory of Market Value: Ontological Foundation.- 7 An Alternative Theory: Market Value as Convention and Market Value as Emergence.- 8 Applications to Problems of Theory and Practice.- Postscript.
