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The Transactional Asset Pricing Approach(TAPA): Incorporation of Leverage and Derivation of Extended Ellwood Formula with Fixed Leverage Benefits Cover

The Transactional Asset Pricing Approach(TAPA): Incorporation of Leverage and Derivation of Extended Ellwood Formula with Fixed Leverage Benefits

Real Estate Management and Valuation
Volume 29 (2021): Issue 1 (March 2021)
By: Vladimir B. Michaletz and  Andrey I. Artemenkov  
Open Access
|Mar 2021
DOI: https://doi.org/10.2478/remav-2021-0006 | Journal eISSN: 2300-5289
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Language: English
Page range: 54 - 71
Published on: Mar 13, 2021
Published by: Real Estate Management and Valuation
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year
Keywords:
Ellwood formula,
Transactional Asset pricing Approach (TAPA),
leverage benefits,
property valuation,
the principle of transactional equity-in exchange
Related subjects:
Business and economics,
Political economics,
Political economics, other

© 2021 Vladimir B. Michaletz, Andrey I. Artemenkov, published by Real Estate Management and Valuation
This work is licensed under the Creative Commons Attribution 4.0 License.

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