Gatzlaff, Dean; Liu, Peng - In: The Journal of Real Estate Finance and Economics 47 (2013) 4, pp. 760-786
We examine the use (and non-use) of list price information in the process of marketing commercial real estate. While housing market research suggests that list prices can serve as a strong anchor and/or signal, list price information is included in less than one-third of the commercial property...