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Buyers' and sellers' agents in the housing market

dc.contributor.authorBagnoli, Marken_US
dc.contributor.authorKhanna, Naveenen_US
dc.date.accessioned2006-09-11T19:23:41Z
dc.date.available2006-09-11T19:23:41Z
dc.date.issued1991-06en_US
dc.identifier.citationBagnoli, Mark; Khanna, Naveen; (1991). "Buyers' and sellers' agents in the housing market." The Journal of Real Estate Finance and Economics 4(2): 147-156. <http://hdl.handle.net/2027.42/47789>en_US
dc.identifier.issn0895-5638en_US
dc.identifier.issn1573-045Xen_US
dc.identifier.urihttps://hdl.handle.net/2027.42/47789
dc.description.abstractWe explain why buyers in the housing market use an agent employed by the seller. Such agents reduce buyers' search costs so that more buyers search a particular house. This increases the probability of the sale of the house and possibly also its selling price. However, since the selling price increases, if at all, by less than the fee paid by the seller to the agent, both buyers and sellers are better off. We identify two characteristics that give rise to sellers' agents and show that markets that do not have such agents are missing at least one of these characteristics.en_US
dc.format.extent645107 bytes
dc.format.extent3115 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.language.isoen_US
dc.publisherKluwer Academic Publishers; Springer Science+Business Mediaen_US
dc.subject.otherEconomics / Management Scienceen_US
dc.subject.otherRegional Scienceen_US
dc.subject.otherFinance /Bankingen_US
dc.subject.otherReal Estate Brokerageen_US
dc.subject.otherHousing Searchen_US
dc.subject.otherSellers' Agentsen_US
dc.titleBuyers' and sellers' agents in the housing marketen_US
dc.typeArticleen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelBusinessen_US
dc.description.peerreviewedPeer Revieweden_US
dc.contributor.affiliationumSchool of Business, University of Michigan, Michigan, USAen_US
dc.contributor.affiliationotherFinance Department, Indiana University School of Business, Indiana, USAen_US
dc.contributor.affiliationumcampusAnn Arboren_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/47789/1/11146_2004_Article_BF00173121.pdfen_US
dc.identifier.doihttp://dx.doi.org/10.1007/BF00173121en_US
dc.identifier.sourceThe Journal of Real Estate Finance and Economicsen_US
dc.owningcollnameInterdisciplinary and Peer-Reviewed


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