Previous research (Rutherford et al. <CitationRef CitationID="CR8">2005</CitationRef>; Levitt and Syverson <CitationRef CitationID="CR6">2005</CitationRef>) identify and quantify agency problems in the brokerage of single-family houses. Real estate agents are found to receive a premium when selling their own houses in comparison to similar client-owned houses. Given the homogeneity...</citationref></citationref>

When a house is placed on the market, the seller must choose a ílistî or íaskingî price. While there is near universal agreement that a house seller faces a trade off in choosing this price, there is less agreement about how to measure this trade off. This paper offers a model based on the...

Purpose: Merging two real estate investment trusts (REITs) consolidates two real estate portfolios. The purpose of this paper is to provide further evidence on the market’s valuation of property type and geographic diversification of REITs by looking at the diversification impact of mergers...

The merger of two real estate investment trusts (REITs) consolidates two real estate portfolios. We classify equity REIT mergers according to whether they maintain portfolio focus, increase focus or are diversifying with respect to the predominant property type and the geography of the...