Real Estate Valuation Theory, A Critical Appraisal, by Manya M. Mooya
Type
Label
Real Estate Valuation Theory, A Critical Appraisal, by Manya M. Mooya
Language
eng
resource.imageBitDepth
0
Literary Form
non fiction
Main title
Real Estate Valuation Theory
Medium
electronic resource
Nature of contents
dictionaries
Oclc number
945198333
Responsibility statement
by Manya M. Mooya
Series statement
Springer eBooks.
Sub title
A Critical Appraisal
Summary
This monograph critically reviews and updates real estate valuation theory, which is based on neoclassical economics, in light of developments in heterodox economic theory. Building on a comprehensive historical account of the evolution of value theory, the book uses new institutional economics theory and critical realism as lenses through which problems in standard valuation theory and practice are expatiated, and as the foundation for an alternative theory. The new theory is employed to explain major problems in real estate valuation that are beyond the capability of the standard theory, such as price bubbles in real estate markets, anchoring bias, client influence and valuation under uncertain market conditions
Table Of Contents
Preface -- 1 Standard Theory of Real Estate Market Value: Concepts and Problems -- 2 Aristotle to Marshall: The Evolution of Economic Value Theory -- 3 Traditional Valuation Methods -- 4 Automated Valuation Models -- 5 Real Estate Markets and Neoclassical Economic Theory - A Heterodox Critique -- 6 An Alternative Theory of Market Value: Ontological Foundation -- 7 An Alternative Theory: Market Value as Convention and Market Value as Emergence -- 8 Applications to Problems of Theory and Practice -- Postscript
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