The Department of Land Economy
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Dr Kanak Patel
Name Dr Kanak PATEL
Telephone +44 (0)1223 337125 or 332153
Email kp10005 (for e-mail address, add @cam.ac.uk to the address shown.)
Current post University Lecturer
Fellow in Economics, Magdalene College
Research Interests Property finance and risk management using futures and options. Currently working on the application of option pricing approach to the valuation of commercial and residential property.
Publications

Books
Patel K (2001) Real Options: Evaluating corporate investment opportunities in a dynamic world, with S Howell et al., Prentice Hall.

Patel K and D A Paxson (2001)Two Simple Approaches To Pricing Credit Risk And Credit Derivatives.


Refereed Journal Articles
Patel K and P Shuie, (2001), An Application of Option to Wait to Lease Property: Estimating Implied Volatility and Risk-neutral Distributions Based on Commercial Property Lease Rental Transactions, paper submitted to Journal of Real Estate Economics.

Patel K and P Eichholtz, (2001), Maastricht-Cambridge Symposium 2000: Introduction, The Special Issue, Journal of Real Estate Finance & Economics.

Patel K and T F Sing (2001) Effects of portfolio diversification on property investment companies’ stock prices: 1983-1994”, Journal of Property Investment & Finance.

Patel K and T F Sing (2001) Empirical analysis of irreversibility in property investment in the UK, Quarterly Review of Finance and Economics, also presented at ERES/AREUEA Conference, Maastricht, 1998.

K Patel and T F Sing, (2002) "Empirical evaluation of the value of option to invest", Journal of Property Investment & Finance.

Patel, K.; (2002) An Empirical Analysis of Determination of House Prices in the Taipei. Taiwan Economics Review 4.

Patel, K.; Eichholtz, P.; (2002) Editorial Introduction, New Directions in Real Estate Finance and Investment: Maastricht-Cambridge Symposium 2000, Special Issue, Journal of Real Estate Finance and Economics (1-2) pp 5-9

Patel, K.; Bond, S.; (2003) The conditional Distribution of Real Estate Returns: Relating Time Variation in Higher Moments to Downside Risk Measurement. .Journal of Real Estate Finance and Economics 26 pp319-337

Patel K and P Eichholtz, (2003) Cambridge-Maastricht Symposium 2001: Introduction, The Special Issue, (forthcoming) Journal of Real Estate Finance & Economics.

Patel, K.; Eichholtz, P.; (2003) New Directions in Real Estate Finance and Investment: Maastricht-Cambridge Symposium 2001, Special Issue, Journal of Real Estate Finance and Economics (2-3) pp121-125

Patel, K.; Erol, Isil.; (Winter 2004) Housing Policy and Mortgage Finance in Turkey During the late 1990s Inflationary Period, International Real Estate Review, Vol 7, No 1, pp 98-120.

Patel, K.; Ming-Chen; Kawaguchi, Y.; (2004) An Analysis of Trends and Cyclical Behaviour of House Prices in Asian Markets, Journal of Property Investment and Finance, Vol 22, Issue 1,.

Patel, K.; Erol, Isil.; (2005) Default Risk of Wage-Indexed Payment Mortgage (WIPM) Contract in Turkey, Housing Economics, Vol. 14, No. 3, 271-293.

Patel, K.; Paxson, Dean A; Tien Foo Sing (2005) Practical Uses of Real Property Options RICS Foundation, Royal Institution of Chartered Surveyors.

Patel, K.; Vmais, P.; (forthcoming in 2006)An Empirical Estimation of Default Risk of the UK Real Estate Companies” Special Issue, Special Issue, Journal of Real Estate Finance and Economics, Vol 32, No 1,.

Patel, K.; Pereira, Ricardo (under review) Expected Default Probabilities in Structural Models: Empirical Evidence, Special Issue, Journal of Real Estate Finance and Economic.


Research Reports
Patel K and O Khan, (2002), European Public Real Estate Association: The Best Practice Disclosure Document 2000.

Patel K and Paxson, D A, (2002) “Valuation of some real property options” Research Foundation of the Royal Institution of Chartered Surveyors, Research Publication.

Practical Uses of Real Property Options (with Dean A Paxson and Tien Foo Sing) RICS Foundation, Royal Institution of Chartered Surveyors, (2005).
Last updated 11 November, 2008 - SD