The Effect of Financial Market Factors on House Prices: An Expected Utility Three-Asset Approach
This study aimed to theoretically identify the impact factors of the financial market on house prices. Developed upon the two-asset model and with the consideration of risky financial assets, our three-asset model reveals a new derivation of house prices. Compared with the two-asset model, the newly...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2022-03-01
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| Series: | Axioms |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2075-1680/11/4/145 |