| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2830 |
| DP2830 A Theory of Immigration Amnesties | |
| Avi Weiss; Gil S Epstein | |
| 发表日期 | 2001-06-01 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | Data from downtown Boston in the 1990s show that loss aversion determines seller behaviour in the housing market. Condominium owners subject to nominal losses: (1) set higher asking prices of 25-35% of the difference between the property?s expected selling price and their original purchase price; (2) attain higher selling prices of 3-18% of that difference; and (3) exhibit a much lower sale hazard than other sellers. The list price results are twice as large for owner-occupants as for investors, but hold for both. These findings are consistent with prospect theory and help explain the positive price-volume correlation in real estate markets. |
| 主题 | Industrial Organization |
| 关键词 | Housing markets Loss aversion Prospect theory |
| URL | https://cepr.org/publications/dp2830 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531877 |
| 推荐引用方式 GB/T 7714 | Avi Weiss,Gil S Epstein. DP2830 A Theory of Immigration Amnesties. 2001. |
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