| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7799 |
| DP7799 Asymmetric Information and List Price Reductions in the Housing Market | |
| Bas van der Klaauw; Erik de Wit | |
| 发表日期 | 2010-05-23 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | In housing markets with asymmetric information list prices may signal unobserved properties of the house or the seller. Asymmetric information is the starting point of many models for the housing market. In this paper, we estimate the causal effect of list-price reductions to test for the presence of asymmetric information. We use very rich and extensive administrative data from the Netherlands. Our empirical results show that list-price reductions significantly increase the probability of selling a house, but also the rate of withdrawal from the market increases. |
| 主题 | Financial Economics |
| 关键词 | Duration analysis Selectivity Time-on-the-market Transaction prices |
| URL | https://cepr.org/publications/dp7799 |
| 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/536636 |
| 推荐引用方式 GB/T 7714 | Bas van der Klaauw,Erik de Wit. DP7799 Asymmetric Information and List Price Reductions in the Housing Market. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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