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Asymmetric Information and List Price Reductions in the Housing Market

de Wit, Erik R. - 2015

In housing markets with asymmetric information list prices may signal unobserved properties of the house or the seller. Asymmetric information is the starting point of many models for the housing market. In this paper, we estimate the causal effect of list-price reductions to test for the...

Persistent link: https://www.econbiz.de/10013038907

Asymmetric information and list price reductions in the housing market

Wit, Erik R. de; Klaauw, Bas van der - 2010

Persistent link: https://www.econbiz.de/10011380153

"We'll always have Paris" : out-of-country buyers in the housing market

Cvijanovic, Dragana; Spaenjers, Christophe - 2018

Previous research has shown that non-local household investors make sub-optimal asset selection and market timing decisions. However, in real estate markets, heterogeneity in returns can exist even with identical ex ante investment (timing) choices, given that transaction prices are the outcome...

Persistent link: https://www.econbiz.de/10012219354

Information Disclosure in Housing Auctions

Arefeva, Alina; Meng, Delong - 2021

selling mechanism, including an auction, and release additional information about the house to buyers. Release of information … adjusts the buyers' values and bids. We find that the optimal mechanism is a combination of the optimal auction and full … information disclosure. But if the seller uses a second-price auction instead, concealing additional information about the house …

Persistent link: https://www.econbiz.de/10013247089

Information Asymmetry with Heterogeneous Buyers and Sellers in the Housing Market

Li, Ling - 2019

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...

Persistent link: https://www.econbiz.de/10012889408

Let the Buyer or Seller Beware : Measuring Lemons in the Housing Market Under Different Doctrines of Law Governing Transactions and Information

Chau, K.W. - 2014

Under information asymmetry, lemons tend to be overpriced. Yet, how much overpricing premium the lemons can command is contingent on the underlying legal institutions. A set of transaction data from Hong Kong's housing market reveals that durable lemons are overpriced by 6.7% and 9.9% under the...

Persistent link: https://www.econbiz.de/10013056252

Can there be a market for cheap-talk information? : an experimental investigation

Cabrales, Antonio; Feri, Francesco; Gottardi, Piero; … - 2018

This paper reports on experiments testing the viability of markets for cheap talk information. We find that the poor quality of the information transmitted leads to a collapse of information markets. The reasons for this are surprising given the previous experimental results on cheap-talk games....

Persistent link: https://www.econbiz.de/10011822038

Investigating inefficiencies in the German rental housing market : the impact of disclosing total costs on energy efficiency appreciation

Sieger, Lisa - 2023

Energy efficiency and renewable energy are key pillars of the energy transition that is high on the political agenda of governments in face of the climate crisis. Germany, however, is underperforming in its emissions reduction goals. There is still room for improvement, especially in the...

Persistent link: https://www.econbiz.de/10014416043

Asymmetric Information and List Price Reductions in the Housing Market

de Wit, Erik R.; van der Klaauw, Bas - 2010

Persistent link: https://www.econbiz.de/10010325814

Liquidity and Information Asymmetry in the Real Estate Market

Wong, Siu Kei - 2012

This paper draws on six waves of Japanese household longitudinal data (Keio Household Panel Survey, KHPS) and estimates a conditional fixed effects logit model to investigate the effects of housing equity constraints and income shocks on own-to-own residential moves in Japan. By looking at...

Persistent link: https://www.econbiz.de/10013104533