This study examines how heterogeneous traders on both sides of transactions behave in the housing market under information asymmetry. Two types of buyers, namely, informed and uninformed buyers, correspond to local and non-local buyers in the empirical tests. Non-local housing buyers in Hong...

In developing countries, potential home-buyers lack accurate information about housing projects. Insecure property rights in developing countries have led to a rise in litigation against these projects. Information asymmetry between developers and buyers about the litigation status results in...