Market Distortions when Agents are Better Informed

Market Distortions when Agents are Better Informed
Author: Steven D. Levitt
Publisher:
Total Pages: 56
Release: 2005
Genre: Real property
ISBN:

"Agents are often better informed than the clients who hire them and may exploit this informational advantage. Real-estate agents, who know much more about the housing market than the typical homeowner, are one example. Because real estate agents receive only a small share of the incremental profit when a house sells for a higher value, there is an incentive for them to convince their clients to sell their houses too cheaply and too quickly. We test these predictions by comparing home sales in which real estate agents are hired by others to sell a home to instances in which a real estate agent sells his or her own home. In the former case, the agent has distorted incentives; in the latter case, the agent wants to pursue the first-best. Consistent with the theory, we find homes owned by real estate agents sell for about 3.7 percent more than other houses and stay on the market about 9.5 days longer, even after controlling for a wide range of housing characteristics. Situations in which the agent's informational advantage is larger lead to even greater distortions"--National Bureau of Economic Research web site.

Field & Stream

Field & Stream
Author:
Publisher:
Total Pages: 194
Release: 1980-04
Genre:
ISBN:

FIELD & STREAM, America’s largest outdoor sports magazine, celebrates the outdoor experience with great stories, compelling photography, and sound advice while honoring the traditions hunters and fishermen have passed down for generations.

Field & Stream

Field & Stream
Author:
Publisher:
Total Pages: 194
Release: 1980-03
Genre:
ISBN:

FIELD & STREAM, America’s largest outdoor sports magazine, celebrates the outdoor experience with great stories, compelling photography, and sound advice while honoring the traditions hunters and fishermen have passed down for generations.

Arkansas Reports

Arkansas Reports
Author: Arkansas. Supreme Court
Publisher:
Total Pages: 678
Release: 1917
Genre: Law reports, digests, etc
ISBN:

Field & Stream

Field & Stream
Author:
Publisher:
Total Pages: 120
Release: 1979-12
Genre:
ISBN:

FIELD & STREAM, America’s largest outdoor sports magazine, celebrates the outdoor experience with great stories, compelling photography, and sound advice while honoring the traditions hunters and fishermen have passed down for generations.

Blue Book

Blue Book
Author:
Publisher: Legislative Reference Bureau
Total Pages: 1004
Release: 1981
Genre: Wisconsin
ISBN:

Field & Stream

Field & Stream
Author:
Publisher:
Total Pages: 122
Release: 1980-08
Genre:
ISBN:

FIELD & STREAM, America’s largest outdoor sports magazine, celebrates the outdoor experience with great stories, compelling photography, and sound advice while honoring the traditions hunters and fishermen have passed down for generations.

Field & Stream

Field & Stream
Author:
Publisher:
Total Pages: 160
Release: 1980-11
Genre:
ISBN:

FIELD & STREAM, America’s largest outdoor sports magazine, celebrates the outdoor experience with great stories, compelling photography, and sound advice while honoring the traditions hunters and fishermen have passed down for generations.

Remodelling to Prepare for Independence

Remodelling to Prepare for Independence
Author: Ian Morley
Publisher: Taylor & Francis
Total Pages: 291
Release: 2023-12-01
Genre: Architecture
ISBN: 1003812880

Remodelling to Prepare for Independence: The Philippine Commonwealth, Decolonisation, Cities and Public Works, c. 1935–46 illuminates the implications of the USA’s final phase of colonial rule in the Philippine Islands. It explores the Filipino side of decolonisation and the management of the built environment in the years immediately prior to self-rule. This book shakes off the collaboration vs. resistance paradigm that empire histories generally follow and consequently yields an original vantage point to comprehend transition within an Asian society in the years immediately prior to, during, and after World War Two. This will not only deepen insight of the American Empire, but also grants the opportunity to tie Philippine political-cultural change to the global history of urban planning’s advancement. Accordingly, it opens a new window to rethink Filipino ethno-history and societal evolution, alongside the opportunity to compare the Philippines with other nations that undertook planning projects as part of their decolonisation process and early-postcolonial advancement. The book utilises theoretical frames in order to help creatively excavate the era 1935–46 for the purpose of not just revealing what public works occurred, but to also uncover what those projects meant to the Commonwealth Government, the BPW’s staff, and the public who benefitted from public works projects. The book will be relevant to students and researchers of Urban History, Asian and American (Empire) History, and Imperial and Colonial Studies. Architects, planners, and members of the public who are interested in the form and meaning of urban environments designed/constructed in the past will also find the publication to be of great interest.