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The author is a Visiting Assistant Research Systems Analyst at the Center for Planning and Development Research at the University of California, Berkeley, and Assistant Professor, Dept. of Management Sciences, California State College, Hayward.
Based upon research done while the author was a Graduate Research Fellow in the Real Estate Research Program, UCLA. The author is indebted to Karl Borch and William N. Kinnard, Jr. for their helpful comments on earlier versions. I am, of course, responsible for any errors which remain.
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Hoffman, R.B. Models for risky investment. Ann Reg Sci 1, 166–179 (1967). https://doi.org/10.1007/BF01290018
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DOI: https://doi.org/10.1007/BF01290018