Detecting Possible Reduction of the Housing Bubble in Korea for Different Residential Types and Regions
The objective of this paper is to detect the arbitrage opportunity and to manage the bubbles in the Korean real estate market based on a binomial American option pricing model with heteroscedasticity. The limitation of previous research where the real options framework was first introduced is its ma...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2020-02-01
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| Series: | Sustainability |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2071-1050/12/3/1220 |