Equilibrium in Housing and Brokerage Markets under Uncertainty

The purpose of this paper is to develop a model of the real estate brokerage and housing markets with imperfect information. The paper considers general equilibrium in these markets with and without a multiple listing service. Input prices are found to affect the equilibrium housing price, brokerage...

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Bibliographic Details
Main Authors: WU, Chunchi, Colwell, Peter
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 1986
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/823
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Institution: Singapore Management University
Language: English