03209nam 22005295 450 991025486830332120200704054440.03-662-49164-810.1007/978-3-662-49164-5(CKB)3710000000616366(EBL)4454274(DE-He213)978-3-662-49164-5(MiAaPQ)EBC4454274(EXLCZ)99371000000061636620160317d2016 u| 0engur|n|---|||||txtrdacontentcrdamediacrrdacarrierReal Estate Valuation Theory A Critical Appraisal /by Manya M. Mooya1st ed. 2016.Berlin, Heidelberg :Springer Berlin Heidelberg :Imprint: Springer,2016.1 online resource (193 p.)Description based upon print version of record.3-662-49163-X Includes bibliographical references and index.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.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.Economic theorySchools of economicsReal estate managementEconomic Theory/Quantitative Economics/Mathematical Methodshttps://scigraph.springernature.com/ontologies/product-market-codes/W29000Heterodox Economicshttps://scigraph.springernature.com/ontologies/product-market-codes/W53000Real Estate Managementhttps://scigraph.springernature.com/ontologies/product-market-codes/527040Economic theory.Schools of economics.Real estate management.Economic Theory/Quantitative Economics/Mathematical Methods.Heterodox Economics.Real Estate Management.330Mooya Manya Mauthttp://id.loc.gov/vocabulary/relators/aut989720BOOK9910254868303321Real Estate Valuation Theory2263590UNINA