Smoothing in appraisal-based returns

The American Economic Review

2012 • 14,436 citations

Estimating betas from nonsynchronous data

1977 • 2,887 citations

Risk measurement when shares are subject to infrequent trading

1979 • 2,767 citations

Stock Prices, Earnings, and Expected Dividends

1988 • 2,383 citations

The Efficiency of the Market for Single-Family Homes

1989 • 1,356 citations

Diversification Categories in Investment Real Estate

1986 • 276 citations

Stock Prices, Earnings and Expected Dividends

1988 • 262 citations

Real Estate Investment Funds: Performance and Portfolio Considerations

1984 • 229 citations

Real estate

1988 • 221 citations

Real Estate Returns and Inflation

1987 • 218 citations

Comovements in Stock Prices and Comovements in Dividends

1989 • 192 citations

Estimating Real Estate's Systematic Risk from Aggregate Level Appraisal‐Based Returns

1989 • 191 citations

Refining the Analysis of Regional Diversification for Income-Producing Real Estate

1987 • 156 citations

Towards Indices of Real Estate Value and Return

1980 • 133 citations

Bias in Appraisal‐Based Returns

1989 • 124 citations

Commercial Real Estate Returns

1984 • 113 citations

A Different Look at Commercial Real Estate Returns

1990 • 109 citations

WEAK FORM TESTS OF THE EFFICIENCY OF REAL ESTATE INVESTMENT MARKETS

1984 • 87 citations

Is the Stock Market Efficient?

1989 • 85 citations

Public Information and Abnormal Returns in Real Estate Investment

1985 • 69 citations

Do prices reflect market fundamentals in real estate markets?

1990 • 61 citations

The Present Value Model of Stock Prices: Regression Tests and Monte Carlo Results

1985 • 46 citations

Income and Appraised Values: A Reexamination of the FRC Returns Data

1989 • 44 citations

The Composition of the Market Portfolio and Real Estate Investment Performance

1990 • 40 citations

Efficiency of the office properties market

1989 • 20 citations

Risk and returns in commercial real estate : an exploration of some fundamental relationships

1989 • 12 citations

A Further Examination of Appraisal Data and the Potential Bias in Real Estate Return Indexes: Comment and Clarification

1991 • 11 citations

Deleted Work

1955 • 0 citations