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Can Free Entry Be Inefficient? Fixed Commissions and Social Waste in the Real Estate Industry
Hsieh, Chang-Tai - 2010
Real estate agents in the US typically charge a 6 percent commission, regardless of the price of the house sold. As a consequence, the commission fee from selling a house will differ dramatically across cities depending on the average price of housing, although the effort necessary to match...
Persistent link: https://www.econbiz.de/10012762981
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An Equilibrium Analysis of Real Estate
Grenadier, Steven R. - 2009
This paper provides a unified equilibrium approach to valuing a wide variety of commercial real estate lease contracts. Using a game-theoretic variant of real options analysis, the underlying real estate asset market is modeled as a continuous-time Nash equilibrium in which developers make...
Persistent link: https://www.econbiz.de/10012767771
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Taxing and Subsidizing Housing Investment : The Rise and Fall of Housing's Favored Status
Hendershott, Patric H. - 2015
This paper surveys and interprets a wide body of literature on the taxation and subsidization of investment in owner-occupied and rental housing. Where available, the study considers experiences outside of the United States. Issues addressed include what nonneutral taxation is, how...
Persistent link: https://www.econbiz.de/10012750783
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Empirics on the Origins of Preferences : The Case of College Major and Religiosity
Kimball, Miles S. - 2010
in religiosity of students majoring in the social sciences and humanities, but a rise in religiosity for those in …
Persistent link: https://www.econbiz.de/10013152092
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The Making of an Investment Banker : Macroeconomic Shocks, Career Choice, and Lifetime Income
Oyer, Paul - 2009
New graduates of elite MBA programs flock to Wall Street during bull markets and start their careers elsewhere when the stock market is weak. Given the transferability of MBA skills, it seems likely that any effect of stock returns on MBA placement would be short-lived. In this paper, I use a...
Persistent link: https://www.econbiz.de/10012767420
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Math or Science? Using Longitudinal Expectations Data to Examine the Process of Choosing a College Major
Stinebrickner, Todd R. - 2011
best viewed as the end result of a learning process. We find that students enter college as open to a major in math or … science as to any other major group, but that a large number of students move away from math and science after realizing that … because students realize that their ability in math/science is lower than expected rather than because students realize that …
Persistent link: https://www.econbiz.de/10013128602
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A Roy Model of Social Interactions
Cicala, Steve - 2011
We develop a Roy model of social interactions in which individuals sort into peer groups based on comparative advantage. Two key results emerge: First, when comparative advantage is the guiding principle of peer group organization, the effect of moving a student into an environment with...
Persistent link: https://www.econbiz.de/10013128607
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The Effects of Student Coaching in College : An Evaluation of a Randomized Experiment in Student Mentoring
Bettinger, Eric - 2011
College completion and college success often lag behind college attendance. One theory as to why students do not …. Over the course of two separate school years, InsideTrack, a student coaching service, provided coaching to students from … public, private, and proprietary universities. Most of the participating students were non-traditional college students …
Persistent link: https://www.econbiz.de/10013128658
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When Opportunity Knocks, Who Answers? New Evidence on College Achievement Awards
Angrist, Joshua D. - 2010
We evaluate the effects of academic achievement awards for first and second-year college students on a Canadian … 70 for second-year students, but there was no significant effect on overall GPA. Results are somewhat stronger for a …
Persistent link: https://www.econbiz.de/10013134842
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The Effects of College Counseling on High-Achieving, Low-Income Students
Avery, Christopher - 2010
high-achieving students from relatively poor families. We followed 107 high school seniors through the college admissions … process in 2006-2007; we selected 52 of these students at random, offering them ten hours of individualized college advising … have influenced the choice of where the students applied to college. We estimate that students offered counseling were 7 …
Persistent link: https://www.econbiz.de/10013138311