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This paper analyzes how the competition among real estate brokers impacts housing prices in a typical sellers’ market … promising higher transaction prices and compete for buyers by exerting more effort, and thus its effect on housing prices. We … further examine how large the effect is with a merged dataset of housing listings and transaction records in Beijing in 2016 …
Persistent link: https://www.econbiz.de/10013242329
This paper establishes a general model to explore the mechanism through which bank competition affects real estate market and consumer welfare. The model combines three sections, including a representative consumer, an oligopoly real estate industry, and a banking industry. It predicts that...
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-community model with mobile and heterogeneous households, and with flexible housing supplies. We characterize the first … communities and free ride by consuming relatively little housing thereby avoiding taxes …
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-community model with mobile and heterogeneous households, and with flexible housing supplies. We characterize the first … communities and free ride by consuming relatively little housing thereby avoiding taxes …
Persistent link: https://www.econbiz.de/10012461406
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