Baroni, Michel; Barthélémy, Fabrice; Mokrane, Mahdi - ESSEC Business School - 2009
property transactions. These indices may be used as benchmarks for real estate portfolio managers. But the investors in general … volatility of these indices must be robust regarding to the periodicity of the index and the volume of transactions. This paper … seems to be more robust to the number of transactions. Firstly, we present the two methodologies and then the dataset …