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Journal article
Bargaining over residential real estate: evidence from England
Journal of urban economics, v 56(2), pp 192-216
01 Sep 2004
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Abstract
This paper presents a new data set of individual residential property transactions in England. The main novelty of the data is the record of all listing price changes and all offers made between initial listing and sale agreement. We establish a number of stylized facts pertaining to the sequence of events that occur within individual property transaction histories. We assess the limitations of existing theories in explaining the data and discuss alternative theoretical frameworks for the study of the strategic interactions between buyers and sellers.
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Details
- Title
- Bargaining over residential real estate: evidence from England
- Creators
- Antonio Merlo - University of PennsylvaniaFrançois Ortalo-Magné - School of Business, Department of Real Estate and Urban Land Economics, 975 University Avenue, Madison, WI 53706, USA
- Publication Details
- Journal of urban economics, v 56(2), pp 192-216
- Publisher
- Elsevier
- Number of pages
- 25
- Resource Type
- Journal article
- Language
- English
- Web of Science ID
- WOS:000223757600002
- Scopus ID
- 2-s2.0-4344614007
- Other Identifier
- 991022026961804721
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InCites Highlights
Data related to this publication, from InCites Benchmarking & Analytics tool:
- Web of Science research areas
- Economics
- Urban Studies