We present a classroom public goods experiment based on a provision point mechanism, where subjects must make an all or nothing decision about providing the public good. We find that, as a teaching tool, this design is superior to traditional prisoners' dilemma games in which there exists a...

This paper examines how seller pricing decisions influence listing contract length and how these decisions affect price and liquidity in housing markets. Because list price affects broker effort required to sell the property, brokers respond to seller overpricing by increasing their desired...

This paper examines how seller pricing decision influence listing contract length and how these decision affect price and liquidity in housing markets. Because list price affects broker effort required to sell the property, brokers respond to seller overpricing by increasing the negotiated...

We examine the role transaction costs play, particularly the costs related to search and bargaining, in impeding or delaying real estate market transactions. In a theoretical model, we show that agents' incentives are influenced by transaction costs in a way that will increase a home's marketing...