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Investment Decisions on Illiquid Assets : A Search Theoretical Approach to Real Estate Liquidity
Bok av Jarosław. Morawski
Jaroslaw Morawski offers a practicable and theoretically well-founded solution to the problems encountered when investing in illiquid assets and develops a model of the liquidation process for this category of investments. The result is a coherent investment decision framework designed specifically for private real estate but applicable also to other illiquid assets.