On the Design and Pareto-Optimality of Participating Mortgages
(1996)
Journal Article
Ebrahim, M. (1996). On the Design and Pareto-Optimality of Participating Mortgages. Real Estate Economics, 24(3), 407-419. https://doi.org/10.1111/1540-6229.00697
This paper develops a micro-economic model and proceeds with numerical simulation to demonstrate that participating mortgages can improve social welfare when the real estate ownership is shared among the different taxable entities. The optimal distri... Read More about On the Design and Pareto-Optimality of Participating Mortgages.