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Working Papers (1997), ESSEC Business School

L'analyse économique du fonctionnement des marchés immobiliers

The aim of the paper is to give an overview of the basic economic analysis of the real estate markets. The first part deals with the main real property characteristics. In the second part, we present the main analysis and determinants of property prices, on the different markets (property, asset and construction markets). The last part deals with the relationships between the different markets, and presents the equilibrium models of Fisher (1992), and DiPasquale and Wheaton (1992, 1996).

NAPPI-CHOULET, I. (1997). L'analyse économique du fonctionnement des marchés immobiliers. ESSEC Business School.