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