Yale School of Management

International Center for Finance

Providing academic and professional support for research in financial economics.

Real and Private-Value Assets Conference

January 31, 2020, 8:00 a.m. – 5:00 p.m. EST

Call for Papers:
Real and Private-Value Assets Conference

January 31, 2020 | New Haven, CT

Conference Organizers:

William Goetzmann (Yale University)
Christophe Spaenjers (HEC Paris)

RFS Editor:

Stijn Van Nieuwerburgh

Deadline for dual submissions & conference: (CLOSED)

October 15, 2019

Conference program announcement:

November 25, 2019

Program committee:

Anthony DeFusco, Northwestern University
Alessandro Gavazza, London School of Ecnomics
Andra Ghent, University of North Carolina at chapel hill
Arthur Korteweg, University of Southern California
Charles Nathanson, Northwestern University
Christopher Palmer, Massachusetts Institute of Technology
Tomasz Piskorski, Columbia University
Tarun Ramadorai, Imperial College London
Enrichetta Ravina, Northwestern University
Jacob Sagi, University of North Carolina at chapel hill
Laura Starks, University of Texas at Austin
Johannes Stroebel, New York University
Nancy Wallace, University of California, Berkeley
Maisy Wong, University of Pennsylvania

About the Conference:

The conference aims to bring together research on real and private-value assets, such as residential real estate, commercial real estate, art and other collectibles, and any other assets with a private-value component. We plan to accept 6-7 papers with disscussants. There will be a dinner the night before the conference for the presenters and discussants.

Papers submitted to the conference can be submitted to the RFS via the dual-submission track subject to the normal rules (see: http://sfs.org/dualsubmissionpolicy/). It is possible that papers accepted to the RFS will be published as a special full or half issue of the RFS.

Research topics of interest include:

  • Quality-adjusted price measurement: advances in hedonic and repeat-sales methodologies; machine learning techniques and new valuation methods; selection and survivorship bias in observed transaction prices
  • Measurement of risk and expected return on real and/or private value assets, including their inflation-hedging potential
  • Role of real assets in long-term asset management; covariance with stocks and bonds; risk management of real assets in institutional portfolios
  • Liquidity and liquidity risk management of real asset markets; role of heterogeneity in tastes in trading
  • Performance attributes of different investment vehicles for real assets
  • Broader dimensions of household choices and preferences; behavioral, psychological, or social aspects
  • The role of aesthetics and amenities in asset values
  • Private and social benefits of entrepreneurship
  • Measurement of ESG characteristics of financial and real assets (incl. green building), and asset pricing implications of ESG investment mandates
  • Social externalities of real estate development
  • Benefits and costs of primary and secondary residence ownership
  • Role of the sharing economy on the market for space (AirBnB, WeWork)
Edward P. Evans Hall, Yale School of Management
165 Whitney Ave
New Haven, CT 06511
United States
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Questions?  Contact: icf@yale.edu

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