Study on Amortization Time and Rationality in Real Estate Investment

被引：0
|
作者：
Li, Yancang [1 ]
Zhou, Shujing [1 ]
Suo, Juanjuan [1 ]
机构：
[1] Hebei Univ Engn, Coll Civil Engn, Handan 056038, Peoples R China
来源：
E-BUSINESS TECHNOLOGY AND STRATEGY | 2010年 / 113卷
关键词：
Real Estate; Amortization Time; GBM; Optimal Stopping Time Theory; Option Pricing Theory; OPTIONS;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Amortization time and rationality has been discussed a lot in real estate investment research. As the price of real estate is driven by Geometric Brown Motion (GBM), whether the mortgagors should amortize in advance has become a key issue in amortization time research. This paper presents a new method to solve the problem by using the optimal stopping time theory and option pricing theory models. We discuss the option value in amortizing decision based on this model. A simulation method is used to test this method.
引用
收藏
页码：75 / 85
页数：11
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