When mortgage borrowers default and have no desire or ability to keep their property, then loss mitigation involves a sale of the property via one of the following options: (1) the lender allows pre-foreclosure "short sale" by the borrower, (2) the lender institutes the foreclosure process under...

Using Clark County, Nevada land auction data from the Bureau of Land Management, we find evidence that the price paid per acre to be maximized at approximately 14 acres. We also find that convexity exists on the value-size curve up to approximately 8 acres. We attribute this phenomenon partially...

When a seller hires an agent to sell his/her property, a successful outcome depends on the list price, marketing time, unobserved relative bargaining power of the buyers and sellers, and the effort levels of the seller and the seller's agent. A divergence with respect to the list/transaction...