Best Paper Awards

     • Winner of the American Real Estate Society (ARES) Foundation   

        best paper award (US$ 1,000)

        "Default, Credit Scoring, and Loan-to-Value: A Theoretical Analysis

        Under Competitive and Oligopolistic Mortgage Markets"

        by Danny Ben Shahar (The Arison School of Business)

     •  Winner of the of the Gerald R. Brown Award (S$ 1000) for best 

         paper on "Real Estate and Finance". This award is sponsored by

         the Department of Real Estate, National University of Singapore;

         in honor of the late Gerald Brown.who was supposed to be the

         current AsRES president.

        "When Do REIT Managers Create Value In Real Estate Property

        Sell-offs?"

        by Robert D. Campbell (Hofstra University),

             Milena Petrova (Hofstra University) and

             C. F. Sirmans (University of Connecticut)

     •  Winner of the Royal Institution of Chartered Surveyors (RICS)

         Foundation Award (£ 1000) for the best paper on “Property

         Markets and Sustainable Development in Asia”.

        "Land Assembly: Measuring Holdup"

        by Tsur Somerville (University of British Columbia)

             Daniel P. Mc Millen (University of Illinois)

             Fu Yuming (National University of Singapore)