Dynamic Pricing for Real Estate
Mathematical Finance
2024-08-23 v1 Theoretical Economics
Computational Finance
Trading and Market Microstructure
Abstract
We study a mathematical model for the optimization of the price of real estate (RE). This model can be characterised by a limited amount of goods, fixed sales horizon and presence of intermediate sales and revenue goals. We develop it as an enhancement and upgrade of the model presented by Besbes and Maglaras now also taking into account variable demand, time value of money, and growth of the objective value of Real Estate with the development stage.
Keywords
Cite
@article{arxiv.2408.12553,
title = {Dynamic Pricing for Real Estate},
author = {Lev Razumovskiy and Mariya Gerasimova and Nikolay Karenin},
journal= {arXiv preprint arXiv:2408.12553},
year = {2024}
}