Haurin, Donald R.; Haurin, Jessica L.; Nadauld, Taylor; … - In: Real Estate Economics 38 (2010) 4, pp. 659-685
Many goods are marketed after first stating a list price, with the expectation that the eventual sales price will differ. In this article, we first present a simple model of search behavior that includes the seller setting a list price. Holding constant the mean of the buyers’ distribution of...