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的直接影 響,因為在如今的工作中往往會產(chǎn)生很多與研究文獻相矛盾的結果。較高的售價往往與 行政轉讓和經(jīng)紀人安排的再融資有關。根據(jù)來自北卡羅來納州的三個城市的住房交易數(shù)據(jù),喬德認為,經(jīng)紀人不影響他們出售的房屋的銷售價格,即使他們似乎影響了購房者的住房消費水平。 近期特恩布爾和 錫爾曼斯 (1993)在調(diào)查不同的信息量和搜尋成本與房價的關系。 盡管 巴雷拉和祖帕諾 ( 1995)的首次研究沒有比較銷售價格,而是對經(jīng)紀人輔助交易和非經(jīng)紀人銷售交易進行調(diào)查研究。調(diào)查結果顯示, 在整個 房屋購買和銷售過程 中 ,是郵寄到超 過 30000戶 人家的 。 10 選擇性偏見的存在可能暗示了一些可能性。 赫克曼兩階段模型 是 是否使用代理及其后續(xù)效應對價格的 影響 。它已被證明,通過房地產(chǎn)經(jīng)紀人可以減少買方搜尋期間的工作。 埃德爾, 愛德華 A 出處: 倫納德 V這一決定被建模 成 一個八變量的函數(shù)。這一結果將意味著有兩個不同的住宅房地產(chǎn)市場:經(jīng)紀輔助 為其中之一 ,如果選擇存在偏差,住房價格 的經(jīng)紀 屬性 就 越高,價格差異可能是由于購房者傾 向使用經(jīng)紀人 來購買他們的房子 。 表 1 匯總統(tǒng)計顯示,從調(diào)查樣本中, 對 有關交易是否代理不協(xié)助或代理輔助進行 分類。同時研究還表明,房地產(chǎn)經(jīng)紀人確實可以減少幾乎所有類型消費者的買方過程的時間,無論是第一次買房的,買房經(jīng)驗豐富的,本地的購房者或者是外地的。經(jīng)過比較后他們發(fā)現(xiàn),房價在不同的信息量和不同搜尋成本的買家中是相近的。同時也證實了 有經(jīng)紀人協(xié)助的買家市場要比非經(jīng)紀協(xié)助的買家市場大。亞瓦斯和科維爾( 1994)認為至少在一定程度上賣方想通過經(jīng)紀人來控制價格。 詹森和喬布森 (1980)在關于經(jīng)紀人選擇的第一個實證研究中發(fā)現(xiàn),房地產(chǎn)經(jīng)紀人也會對價格產(chǎn)生影響。 文獻綜述 大多數(shù)文獻都集中的在研究 房價的決定因素,包括對住房需求,住房價格,以及價格和時間之間的關系的研究。相反的,這類買家無論以何種方式購買房子都會比其他買家花更多的錢。 本文參考了美國房地產(chǎn)經(jīng)紀人協(xié)會研究部對全國購房者和銷售者所進行的調(diào)查的數(shù)據(jù)。 8 第二步是購買。 在這個過程中,本 文 對整個住宅市場的效率以及經(jīng)紀中介市場的有效性提供了重要的見解。較高的價格預示著買家相對于那些直接出售的房子更愿意較多支付那 些業(yè)主代理上市的房子。 這些服務都表明,經(jīng)紀人向買家提供了額外的有價值的服務(除了向賣方提供服務),有時候,那些買家愿意支付那些額外的費用。通過經(jīng)紀人購買房子的一個好處就是可以減少搜尋房子的時間,從而降低了買房過程中的成本。s assistance. The layout of this study is as follows. The relevant literature is reviewed in section section 3, the data, variable selection, and model are described. section 4 presents the empirical results, and the last section contains the conclusions of the study. Literature review A broad range of research has focused on the determinants of housing prices. These include traditional estimates of housing demand, hedonic modeling of housing prices, the determinants of the tradeoff between price and time on the market, and models of the search process. Other literature has examined the role of real estate brokers and has focused on the impact of brokers on buyer search, or has examined the welfare and/or moralhazard implications of broker intermediation. Few studies have tried to measure the direct effects of real estate brokers on the housing market, and fewer still on home selling prices. The work that has been produced to date has often generated conflicting results. In part, these disparate results may reflect data availability problems, as virtually all of these earlier studies have been based on local data, and samples tended to be small, making generalizations difficult. In one of the first empirical studies of broker choice, Janssen and Jobson (1980) find that real estate agents do have an impact on price. Using data from the Canadian housing market, Janssen and Jobson39。 Jud and Frew, 1986) observe that buyers pay more for homes listed with brokers. It is not possible, however, to determine whether this applies to the entire residential housing market, since research to this point has relied on local data. Higher prices indicate a willingness by buyers to pay more for brokerlisted houses than those sold directly by owners. Alternatively, petition from forsalebyowner properties may prevent sellers from passing on mission costs to buyers in the form of higher , at issue is whether 2 brokerassisted sales result in higher prices. If search duration is affected by broker assistance, what about price? This study attempts to answer these questions by developing an empirically testable model of broker the process, this study should provide