A Contingent Claims Analysis of Real Estate Listing Agreements

被引：0
|
作者：
Richard J. Buttimer
机构：
[1] University of Texas at Arlington,Department of Finance and Real Estate
来源：
The Journal of Real Estate Finance and Economics | 1998年 / 16卷
关键词：
Boundary Condition; Differential Equation; Partial Differential Equation; Real Estate; Relative Impact;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This article examines real estate brokerage contracts as contingent claims. It derives terminal and boundary conditions for this contract. A Nelson and Ramaswamy (1990) style lattice is then developed to solve the partial differential equation for the value of the listing agreement. After identifying various parameters that determine the contract's value, those parameters are varied to examine their relative impact on the contract.
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页码：257 / 267
页数：10
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