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題 名 | 預售屋價格評估模型之探討--選擇權及風險貼水理論之應用=An Investigation on the Valuation Model of the Pre-Sales House-Based on Option and Risk Premium Theories |
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作 者 | 陳俊合; 謝潮儀; | 書刊名 | 臺灣土地金融季刊 |
卷 期 | 36:2=140 1999.06[民88.06] |
頁 次 | 頁77-96 |
分類號 | 554.89 |
關鍵詞 | 預售屋; 選擇權; 風險貼水; 價格評估; Pre-sales house; Option; Risk premium; Price valuation; |
語 文 | 中文(Chinese) |
中文摘要 | 國內自史綱(1992)於無套利市場均衡情況下推求預售屋之訂價模式後,陸續有若 干文獻研究。本文之目的即針對相關文獻中尚未探討或仍待深入之論點(如分期付款方式 之複利模型推導、履約保證之給付對象差異、預售屋之屬性特徵如何影響、選擇權考量因 頭期款及工程期款等應繳款項之不同對預售屋隱含(implicit)之買權價值會產生何種影響 ?在模型中該如何納入考量與評價?�齔它]素對預估屋價格評估之差異考量)加以探討, 並對以往模式之推導提出修正與延伸。 |
英文摘要 | Since Shih (1992) deduced the pricing model of the pre-sales house under no-arbitrage market equilibrium condition, several literatures studied relative topics about the pre-sales house afterward. But some issues are deserved deeply investigated such like the deducation of installment model with compounding interest rate, the difference of guarantee objects, the influence of housing attributes, and the influence of implicit call option of per-sales house resulted from the initial payment and installment paid according to construction schedule, The purpose of this paper is not only to discuss such issues from investment viewpoint, but also to rectify and extend relative pricing models. |
本系統中英文摘要資訊取自各篇刊載內容。