Essec\Faculty\Model\Contribution {#2216
  #_index: "academ_contributions"
  #_id: "5595"
  #_source: array:26 [
    "id" => "5595"
    "slug" => "comparison-of-real-estate-indices-for-paris-can-we-detect-the-so-called-bubble"
    "yearMonth" => "2002-06"
    "year" => "2002"
    "title" => "Comparison of Real Estate Indices for Paris: Can we Detect the So-called Bubble?"
    "description" => "BARONI, M., BARTHELEMY, F. et MOKRANE, M. (2002). Comparison of Real Estate Indices for Paris: Can we Detect the So-called Bubble?"
    "authors" => array:3 [
      0 => array:3 [
        "name" => "BARONI Michel"
        "bid" => "B00000023"
        "slug" => "baroni-michel"
      ]
      1 => array:2 [
        "name" => "BARTHELEMY Fabrice"
        "bid" => "B00006901"
      ]
      2 => array:1 [
        "name" => "MOKRANE M."
      ]
    ]
    "ouvrage" => ""
    "keywords" => []
    "updatedAt" => "2021-04-19 17:57:25"
    "publicationUrl" => null
    "publicationInfo" => array:3 [
      "pages" => null
      "volume" => null
      "number" => null
    ]
    "type" => array:2 [
      "fr" => "Communications dans une conférence"
      "en" => "Presentations at an Academic or Professional conference"
    ]
    "support_type" => array:2 [
      "fr" => null
      "en" => null
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "Cette présentation vise à mesurer la performance en capital du marché immobilier parisien d'habitation. Les objectifs principaux consistent à déterminer l'indice ou les indices qui sont le mieux adaptés pour mesurer la croissance de la valeur en capital, le risque qui y est attaché et d'identifier les principaux facteurs de risque inhérents à ce marché spécifique. Nous décrivons trois indices existants, mais il est montré qu'aucun d'entre eux ne permet d'atteindre en totalité ces objectifs. Nous construisons en complément deux indices fondés sur des méthodes de "ventes répétées" : un indice suivant la méthodologie des ventes répétées de Case et Shiller (1987) et un indice factoriel utilisant l'approche de Baroni, Barthélémy et Mokrane (2001). La base de données utilisée est la base CD-BIEN qui contient environ 220 000 transactions faisant l'objet de ventes répétées sur des biens d'habitation en région parisienne sur la période 1983-2001. Nous calculons ces deux indices pour Paris et sa proche banlieue et nous les comparons aux différents indices existants : l'indice de prix au mètre carré de la Chambre des Notaires de Paris/INSEE, l'indice IPD, et l'indice de l'immobilier coté. Notre étude aboutit à des conclusions intéressantes sur le risque de l'immobilier physique et suggère l'utilisation conjointe de l'approche factorielle et de la méthode des ventes répétées."
      "en" => "In this paper we address the issue of measuring price performance for the Paris residential market. Our main focus is on choosing the appropriate index or indices capable of efficiently capturing capital growth, capital risk, and identifying the main risk factors inherent in this specific market. We identify three existing indices but show that they may not be completely appropriate to address our main goals. We therefore construct two complementary repeat sales indices: a Case & Shiller (1987) Weighted Repeat Sales (WRS) index and a Factorial index using the Baroni, Barthélémy & Mokrane (2001) approach. We use the CD-BIEN database that contains more than 220 000 repeat sales transactions for residential properties in the Paris area covering the period 1983-1998 period. We estimate these two indices for the Paris and close surrounding area and compare them to different existing indices: (i) the square metre index provided by the Chambre des Notaires de Paris and INSEE, (ii) the IPD indices, (iii) the listed real estate index. Our conclusions yield interesting implications concerning real estate risk and suggest the construction of jointly using the repeat sales and the factorial approaches."
    ]
    "authors_fields" => array:2 [
      "fr" => "Systèmes d'Information, Data Analytics et Opérations"
      "en" => "Information Systems, Data Analytics and Operations"
    ]
    "indexedAt" => "2024-12-22T04:21:46.000Z"
    "docTitle" => "Comparison of Real Estate Indices for Paris: Can we Detect the So-called Bubble?"
    "docSurtitle" => "Presentations at an Academic or Professional conference"
    "authorNames" => "<a href="/cv/baroni-michel">BARONI Michel</a>, BARTHELEMY Fabrice, MOKRANE M."
    "docDescription" => "<span class="document-property-authors">BARONI Michel, BARTHELEMY Fabrice, MOKRANE M.</span><br><span class="document-property-authors_fields">Information Systems, Data Analytics and Operations</span> | <span class="document-property-year">2002</span>"
    "keywordList" => ""
    "docPreview" => "<b>Comparison of Real Estate Indices for Paris: Can we Detect the So-called Bubble?</b><br><span>2002-06 | Presentations at an Academic or Professional conference </span>"
    "docType" => "research"
    "publicationLink" => "<a href="#" target="_blank">Comparison of Real Estate Indices for Paris: Can we Detect the So-called Bubble?</a>"
  ]
  +lang: "en"
  +"_type": "_doc"
  +"_score": 8.471776
  +"parent": null
}