1st Edition

Information Economics with Real Estate Applications

By Fredrik Armerin, Madeleine Hoeft Copyright 2023
202 Pages 94 B/W Illustrations
by Routledge

202 Pages 94 B/W Illustrations
by Routledge

202 Pages 94 B/W Illustrations
by Routledge

Information Economics with Real Estate Applications provides the reader with an academic toolkit to understand strategic interactions of individuals and companies in a world of scarce resources and asymmetric information. Beyond theoretical frameworks and models, examples in the real estate and construction industry are used to illustrate the practical relevance of the concepts discussed.... Read more

Preface xiii

Acknowledgements xvii

Contributors xix

I Foundations

1 Basic microeconomics

2 Game theory

II Market perspective

3 Oligopolies

4 Strategic interactions

III Organizational perspective

5 Models with randomness

6 Contracts

7 Hidden characteristics and adverse selection

8 Hidden actions and moral hazard

9 Property rights

A Additional material

Bibliography

Index

Biography

Fredrik Armerin has a PhD in Mathematical Statistics from KTH Royal Institute of Technology, and a licentiate degree in Real Estate and Construction Management, also from KTH Royal Institute of Technology. He is a Fellow of The Institute of Mathematics and its Applications.

Madeleine Hoeft is a commercial asset manager in a global real estate investment firm in Frankfurt, Germany. She has an academic background in Real Estate and Construction Management (MSc) from KTH Royal Institute of Technology, National University of Singapore and Stanford University, and has gained professional experience in the field of property and asset management, transaction advisory and construction project management.