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Should mortgage brokers face tougher licensing regulations? In light of the mortgage meltdown, many think the answer is …
Persistent link: https://www.econbiz.de/10005352669
Mechanisms according to which private intermediaries or governments charge transaction fees or indirect taxes are prevalent in practice. We consider a setup with multiple buyers and sellers and two-sided independent private information about valuations. We show that any weighted average of...
Persistent link: https://www.econbiz.de/10011490374
Mechanisms according to which private intermediaries or governments charge transaction fees or indirect taxes are prevalent in practice. We consider a setup with multiple buyers and sellers and two-sided independent private information about valuations. We show that any weighted average of...
Persistent link: https://www.econbiz.de/10010343810
This paper estimates the cost of using simple percentage fees rather than the broker optimal Bayesian mechanism, using data for real estate transactions in Boston in the mid-1990s. This counterfactual analysis shows that interme- diaries using the best percentage fee mechanisms with fees ranging...
Persistent link: https://www.econbiz.de/10010343811
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Persistent link: https://www.econbiz.de/10011730473
Politicians rely on political brokers to buy votes throughout much of the developing world. We investigate how social … networks facilitate these vote-buying exchanges. Our conceptual framework suggests brokers should be particularly well … should recruit brokers who are central among non-copartisans. We combine village network data from brokers and citizens with …
Persistent link: https://www.econbiz.de/10015070061
Persistent link: https://www.econbiz.de/10015063809
Persistent link: https://www.econbiz.de/10014637567
Mechanisms according to which private intermediaries or governments charge transaction fees or indirect taxes are prevalent in practice. We consider a setup with multiple buyers and sellers and two-sided independent private information about valuations. We show that any weighted average of...
Persistent link: https://www.econbiz.de/10010334050