How shocks in one market influence the return and volatility of other markets has been an important question for portfolio managers. In the finance literature, many studies found evidence of volatility spillovers across international markets as well as between spot and futures markets. Although...

Purpose – To re‐examine the role of property management from an institutional economics perspective. Design/methodology/approach – The role of property management is explored by asking why property management has emerged from the first principle. Then, an analytical framework for property...

The paper examines how building height is determined in the absence of building height regulatory restrictions. A model is developed for determining optimal height using simple neo-classical economic analysis; this is then tested using empirical data from Hong Kong. The results show that the...