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Blog Posts on Commercial Real Estate in 2024

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Game Theory and Real Estate Practice in “Baseball” Arbitration

Final Offer or Baseball Arbitration, commonly employed in real estate contracts, has been widely studied but primarily in the area of labor disputes. This paper applies the game theoretical models developed in the literature, particularly the work of Brams and Merrill, to the area of real estate, and reviews the results of an experiment in rent determination conducted with real

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