Real and Private Value Assets

Stijn Van Nieuwerburgh, William Goetzmann and Christophe Spaenjers

No 16083, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Real and private-value assets—defined here as the sum of real estate, infrastructure, collectibles, and noncorporate business equity—compose an investment class worth an estimated $84 trillion in the U.S. alone. Furthermore, private values can affect pricing in many other financial markets, such as that for sustainable investments. This paper introduces the research on real assets and private values that can be found in this special issue. It also reviews recent advances and highlights new research directions on a number of topics in the real assets space that we believe to be particularly important and exciting.

Keywords: Real estate; Art; Infrastructure; Private business wealth (search for similar items in EconPapers)
JEL-codes: G11 G12 G41 R31 R33 Z11 (search for similar items in EconPapers)
Date: 2021-04
References: Add references at CitEc
Citations:

Downloads: (external link)
https://cepr.org/publications/DP16083 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Journal Article: Real and Private-Value Assets (2021)
Working Paper: Real and Private-Value Assets (2021)
Working Paper: Real and Private-Value Assets (2021)
Working Paper: Real and Private-Value Assets (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:16083

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP16083

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().