Estimating financial information asymmetry in real estate transactions in China: An application of two-tier frontier model

• Main Authors: PU, Ganlin, ZHANG, Ying, CHOU, Li-Chen
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2022
• 主題: A two-tier frontier model; China; Housing price; Information asymmetry; Asian Studies; Numerical Analysis and Scientific Computing; Real Estate
• 在線閱讀: https://ink.library.smu.edu.sg/sis_research/6951; https://ink.library.smu.edu.sg/context/sis_research/article/7954/viewcontent/EstimatingFIS_RealEstate_China_av.pdf

This study applies the two-tier stochastic frontier model to estimate the distribution of housing transaction information in Hangzhou, Wenzhou, Ningbo, and Jinhua (four cities in Zhejiang Province, China) during the year 2018, to analyze the difference in the price information acquired by the buyers...