LEADER 03209nam 22005295 450 001 9910254868303321 005 20200704054440.0 010 $a3-662-49164-8 024 7 $a10.1007/978-3-662-49164-5 035 $a(CKB)3710000000616366 035 $a(EBL)4454274 035 $a(DE-He213)978-3-662-49164-5 035 $a(MiAaPQ)EBC4454274 035 $a(EXLCZ)993710000000616366 100 $a20160317d2016 u| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aReal Estate Valuation Theory $eA Critical Appraisal /$fby Manya M. Mooya 205 $a1st ed. 2016. 210 1$aBerlin, Heidelberg :$cSpringer Berlin Heidelberg :$cImprint: Springer,$d2016. 215 $a1 online resource (193 p.) 300 $aDescription based upon print version of record. 311 $a3-662-49163-X 320 $aIncludes bibliographical references and index. 327 $aPreface -- 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. 330 $aThis 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. 606 $aEconomic theory 606 $aSchools of economics 606 $aReal estate management 606 $aEconomic Theory/Quantitative Economics/Mathematical Methods$3https://scigraph.springernature.com/ontologies/product-market-codes/W29000 606 $aHeterodox Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W53000 606 $aReal Estate Management$3https://scigraph.springernature.com/ontologies/product-market-codes/527040 615 0$aEconomic theory. 615 0$aSchools of economics. 615 0$aReal estate management. 615 14$aEconomic Theory/Quantitative Economics/Mathematical Methods. 615 24$aHeterodox Economics. 615 24$aReal Estate Management. 676 $a330 700 $aMooya$b Manya M$4aut$4http://id.loc.gov/vocabulary/relators/aut$0989720 906 $aBOOK 912 $a9910254868303321 996 $aReal Estate Valuation Theory$92263590 997 $aUNINA