Valuation for a Preemptive Right on the Private House for Lease in Korea Using the Binomial Option Pricing Model

Sung Tak Kim (Sangji University)

Journal of Derivatives and Quantitative Studies: 선물연구

ISSN: 1229-988X

Article publication date: 31 May 2008

Abstract

Major results are summarized as follows: i. While a purchase of right for the case of Pankyo were profitable, the case of Heoungduk wasn't which was consistent with the historical competition results; ii. while the profitability for the Pankyo was stable across the variation of the parameters, Heoungduk was not. Finally, some policy implications and limitations of this paper were suggested.

Keywords

Citation

Kim, S.T. (2008), "Valuation for a Preemptive Right on the Private House for Lease in Korea Using the Binomial Option Pricing Model", Journal of Derivatives and Quantitative Studies: 선물연구, Vol. 16 No. 1, pp. 69-86. https://doi.org/10.1108/JDQS-01-2008-B0004

Publisher

:

Emerald Publishing Limited

Copyright © 2008 Emerald Publishing Limited

License

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