This paper examines the economics of residential real estate brokerage. Section 2 discusses the role of the residential real estate agent - what the listing agent does, what the selling agent does, and broadly how the residential real estate brokerage market is organized. Section 3 examines...

This paper analyzes how uncertainty influences the formation and design of regional trade agreements (TAs). Two sources of uncertainty — in demand and costs — are considered. Using a multi-stage game we show that, as long as some decisions are made after uncertainty is resolved,...