Market Distortions when Agents are Better Informed

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Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Market Distortions when Agents are Better Informed by : Steven D. Levitt

Download or read book Market Distortions when Agents are Better Informed written by Steven D. Levitt and published by . This book was released on 2005 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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.

Market Distortions When Agents are Better Informed

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ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Market Distortions When Agents are Better Informed by : Steven D. Levitt

Download or read book Market Distortions When Agents are Better Informed written by Steven D. Levitt and published by . This book was released on 2010 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Market distortions when agents are better informed : the value of information in real estate

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (12 download)

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Book Synopsis Market distortions when agents are better informed : the value of information in real estate by : Steven D. Levitt

Download or read book Market distortions when agents are better informed : the value of information in real estate written by Steven D. Levitt and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Market Distortions when Agents are Better Informed

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Publisher :
ISBN 13 :
Total Pages : 90 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Market Distortions when Agents are Better Informed by : Steven D. Levitt

Download or read book Market Distortions when Agents are Better Informed written by Steven D. Levitt and published by . This book was released on 2002 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Marketing Distortions when Agents are Better Informed

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Publisher :
ISBN 13 :
Total Pages : 33 pages
Book Rating : 4.:/5 (8 download)

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Book Synopsis Marketing Distortions when Agents are Better Informed by : Steven D. Levitt

Download or read book Marketing Distortions when Agents are Better Informed written by Steven D. Levitt and published by . This book was released on 2002 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Why Not Better and Cheaper?

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Publisher : Oxford University Press
ISBN 13 : 0197603122
Total Pages : 268 pages
Book Rating : 4.1/5 (976 download)

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Book Synopsis Why Not Better and Cheaper? by : James B. Rebitzer

Download or read book Why Not Better and Cheaper? written by James B. Rebitzer and published by Oxford University Press. This book was released on 2023-06-20 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: An engaging account of innovation in healthcare and why the results fall short for patients and society. The evolution of the cell phones we carry in our pockets demonstrates that quality can increase while prices fall. Why doesn't healthcare also get better and cheaper? In Why Not Better and Cheaper?, James B. Rebitzer and Robert S. Rebitzer offer an answer to this question. Bringing together research on incentives, social norms, and market competition, they argue that the healthcare system generates the wrong kinds of innovation. It is too easy to profit from low-value innovations and too hard to profit from innovations that reduce the costs of care. The result is a healthcare system that is profusely innovative yet remarkably ineffective in discovering ways to deliver increased value at lower cost. Why Not Better and Cheaper? sheds new light on the trajectory of innovation in healthcare, and how to point innovation in a better direction.

Markets and Institutions in Real Estate and Construction

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Publisher : John Wiley & Sons
ISBN 13 : 0470757566
Total Pages : 280 pages
Book Rating : 4.4/5 (77 download)

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Book Synopsis Markets and Institutions in Real Estate and Construction by : Michael Ball

Download or read book Markets and Institutions in Real Estate and Construction written by Michael Ball and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book explains why the real estate and construction industries are organised in the ways they are and then relates those characteristics to long-term market behaviour. It covers market dynamics - supply and demand; the interaction of property development and construction – and examines institutions and market structures. Real estate development and construction tend to be separate subjects in the literature. But construction is an inevitable part of any property development process and so has a major influence on the institutional structure of development. Markets & Institutions in Real Estate & Construction argues that these structures are best explained as a series of modern economic theories, based on competition and current production technologies. offers focus and breadth, and deal with controversial debates economic arguments made accessible through a non-technical writing style presents long-run international comparison of property market behaviour reflects internationalisation of property and construction markets

How to Take Advantage of the People Who Are Trying to Take Advantage of You

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Publisher : Joseph Morse
ISBN 13 : 1600200400
Total Pages : 213 pages
Book Rating : 4.6/5 (2 download)

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Book Synopsis How to Take Advantage of the People Who Are Trying to Take Advantage of You by : Jsb Morse

Download or read book How to Take Advantage of the People Who Are Trying to Take Advantage of You written by Jsb Morse and published by Joseph Morse. This book was released on 2006-10 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: Would you be interested in making $20,000 from mere pennies? Have you ever wished you could make money off your credit cards instead of paying the interest on them? Have you ever imagined buying a cross-country flight for the amount it takes to fill up your gas tank? How would you like to make $180 an hour, or get a top-of-the-line cell phone for free? Do you feel underpaid and underappreciated at work? If these questions strike a chord, you've found the right audiobook. Joseph S. B. Morse, author of The Evolution Diet, turns his attention to personal finance in this entertaining and informative book. He reveals how, for centuries, financial institutions like banks, credit cards, retail stores, and even the government have been taking advantage of our natural human tendencies. It's time to reverse that trend and it's time to start taking advantage of the people who are trying to take advantage of you! In this audiobook, you'll find engaging descriptions of these major economic industries and 50 smart ways to capitalize on the system. Morse isn't talking about scamming the system or doing anything questionably legal, he's suggesting clever, time-tested, and legal techniques to help you maximize the financial benefits from companies you already do business with. You're about to embark on a journey to regain control over your finances and direct you to over $100,000 in earnings and savings with the peace of mind that you are not being taken advantage of any more. It's time to start taking advantage of the people who are trying to take advantage of you! https: //code-interactive.com/ad-in

Measuring the Effectiveness of Real Estate Regulation

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Publisher : Springer Nature
ISBN 13 : 3030356221
Total Pages : 219 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis Measuring the Effectiveness of Real Estate Regulation by : Ronit Levine-Schnur

Download or read book Measuring the Effectiveness of Real Estate Regulation written by Ronit Levine-Schnur and published by Springer Nature. This book was released on 2020-03-19 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the fundamental issues regarding the effect of real estate regulation on housing, urban development, and considerations of justice and efficiency. Bringing together the contributions of prominent scholars representing diverse methodologies and academic disciplines, this book offers new perspectives on core topics such as the effectiveness of land use regulation in terms of housing availability, enhanced equality, and sustainable development; and different modes of regulation and their mutual influences. The book’s eleven chapters are divided into five parts which address different aspects of real estate regulation, combining theoretical analysis with a close observation of diverse case studies, from North America and Europe to China, the Middle East, and developing economies. Part I offers cutting-edge analysis on how to measure, model, and understand the impact of zoning and other modes of real estate regulation, from economic and normative theoretical viewpoints. Part II complements Part I by providing historical observations and empirical knowledge on the actual contribution of zoning and historical conservation regulation to cities’ shape. Part III considers the outcomes of business and industrial land development policies. Part IV studies urban land development regulation and allows to compare between two relevant case studies—one from Germany, and the other from Poland. Finally, Part V concerns standardization in the real estate market by analyzing the justification and outcomes of such attempts, particularly in the mortgages market. Providing an interface between theory and practice, the book will appeal to a broad audience, consisting of scholars, policy-makers, practitioners, and students, interested in an interdisciplinary overlook on real estate regulation.

The Microstructures of Housing Markets

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Publisher : Routledge
ISBN 13 : 1317968026
Total Pages : 300 pages
Book Rating : 4.3/5 (179 download)

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Book Synopsis The Microstructures of Housing Markets by : Susan J. Smith

Download or read book The Microstructures of Housing Markets written by Susan J. Smith and published by Routledge. This book was released on 2013-10-31 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: House prices and mortgage debt have moved to centre stage in the management of national economies, regional development and neighbourhood change. Describing, analysing and understanding how housing markets work within and across these scales of economy and society has never been more urgent. But much more is known about the macro-scales than the microstructures; and about the economic rather than social drivers of housing market dynamics. This book redresses the balance. It shows that housing markets are social, cultural and psychological – as well as economic – affairs. This multidisciplinary approach is helpful in understanding the economic staples of supply, demand, price and information. It also casts new light on the emotional and political economy of markets.

Full Value

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Publisher : Greenleaf Book Group
ISBN 13 : 1626346852
Total Pages : 212 pages
Book Rating : 4.6/5 (263 download)

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Book Synopsis Full Value by : Jack Richards

Download or read book Full Value written by Jack Richards and published by Greenleaf Book Group. This book was released on 2020-03-03 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Your Guide to the Best Way to Sell Your Home When it comes time to sell, homeowners today face an overwhelming amount of advice on how to sell quickly and for the highest price possible. For these sellers, trying to understand what actions truly matter when selling a home can feel like an impossible task. And selling a home the wrong way can result in sellers losing out on thousands of dollars of potential finance gain. Fortunately, research has shown how taking a few select actions can make a significant difference in the sale price of the home, a difference worth 5% or even 10% of the value of the home. In Full Value, real estate agent, management consultant, and strategy expert Jack Richards shows homeowners, real estate agents, and investors how to identify and showcase sources of value in residential property. Drawing insights from academic and industry studies, Full Value provides homeowners with practical, fact-based advice on how to sell their homes for maximum value. The value-enhancing strategies in this book will show you how to sell your home at a higher price and for greater profit than would be possible otherwise.

Value First, Then Price

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Publisher : Taylor & Francis
ISBN 13 : 100051515X
Total Pages : 289 pages
Book Rating : 4.0/5 (5 download)

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Book Synopsis Value First, Then Price by : Andreas Hinterhuber

Download or read book Value First, Then Price written by Andreas Hinterhuber and published by Taylor & Francis. This book was released on 2021-12-27 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Value-based pricing – pricing a product or service according to its value to the customer rather than its cost – is the most effective and profitable pricing strategy. Value First, Then Price is an innovative collection that proposes a quantitative methodology to value pricing and road-tests this methodology through a wide variety of real-life industrial and B2B cases. This book offers a state-of-the art and best practice overview of how leading companies quantify and document value to customers. In doing so, it provides students and researchers with a method by which to draw invaluable data-driven conclusions, and gives sales and marketing managers the theories and best practices they need to quantify the value of their products and services to industrial and B2B purchasers. The 2nd edition of this highly-regarded text has been updated in line with current research and practice, offering three new chapters covering new case studies and best practice examples of quantified value propositions, the future of value quantification, and value quantification for intangibles. With contributions from global industry experts this book combines cutting edge research on value quantification and value quantification capabilities with real-life, practical examples. It is essential reading for postgraduate students in Sales and Marketing with an interest in Pricing Strategy, sales and pricing specialists, as well as business strategists, in both research and practice.

From Big Data to Big Profits

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Publisher : Oxford University Press
ISBN 13 : 0190260696
Total Pages : 313 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis From Big Data to Big Profits by : Russell Walker

Download or read book From Big Data to Big Profits written by Russell Walker and published by Oxford University Press. This book was released on 2015-07-01 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technological advancements in computing have changed how data is leveraged by businesses to develop, grow, and innovate. In recent years, leading analytical companies have begun to realize the value in their vast holdings of customer data and have found ways to leverage this untapped potential. Now, more firms are following suit and looking to monetize Big Data for big profits. Such changes will have implications for both businesses and consumers in the coming years. In From Big Data to Big Profits, Russell Walker investigates the use of Big Data to stimulate innovations in operational effectiveness and business growth. Walker examines the nature of Big Data and how businesses can use it to create new monetization opportunities. Using case studies of Apple, Netflix, Google, LinkedIn, Zillow, Amazon, and other leaders in the use of Big Data, Walker explores how digital platforms such as mobile apps and social networks are changing the nature of customer interactions and the way Big Data is created and used by companies. Such changes, as Walker points out, will require careful consideration of legal and unspoken business practices as they affect consumer privacy. Companies looking to develop a Big Data strategy will find great value in the SIGMA framework, which he has developed to assess companies for Big Data readiness and provide direction on the steps necessary to get the most from Big Data. Rigorous and meticulous, From Big Data to Big Profits is a valuable resource for students, researchers, and professionals with an interest in Big Data, digital platforms, and analytics

Make Money as a Buyer's Agent

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Publisher : John Wiley & Sons
ISBN 13 : 0470051256
Total Pages : 242 pages
Book Rating : 4.4/5 (7 download)

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Book Synopsis Make Money as a Buyer's Agent by : Chantal Howell Carey

Download or read book Make Money as a Buyer's Agent written by Chantal Howell Carey and published by John Wiley & Sons. This book was released on 2007-02-02 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, real estate agents help home sellers get the best deal on their home, but no one covers the buyer’s side. This guide shows you how to make the switch from representing sellers to representing buyers, so you can keep making money even as the seller’s market slows down. Learn to earn big commissions, no matter what happens to the market.

Routledge Companion to Real Estate Investment

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Publisher : Routledge
ISBN 13 : 1317687841
Total Pages : 405 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis Routledge Companion to Real Estate Investment by : Bryan D. MacGregor

Download or read book Routledge Companion to Real Estate Investment written by Bryan D. MacGregor and published by Routledge. This book was released on 2018-12-07 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real estate represents an increasingly significant global asset class and its distinctive characteristics must be understood by investors and researchers. The Routledge Companion to Real Estate Investment provides an authoritative overview of the real estate asset class. The Companion focuses on the current academic research and its relevance for practical applications. The book is divided into four parts, each containing specially written chapters by international experts in the relevant field. The contributors cover the institutional context for real estate investment, the main players in real estate investment, real estate appraisal and performance measurement, and real estate portfolios and risk management. This Companion provides a comprehensive reference for students, academics and professionals studying, researching and working in real estate investment, finance and economics.

Research Handbook on the Economics of Insurance Law

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Publisher : Edward Elgar Publishing
ISBN 13 : 1782547142
Total Pages : 549 pages
Book Rating : 4.7/5 (825 download)

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Book Synopsis Research Handbook on the Economics of Insurance Law by : Daniel Schwarcz

Download or read book Research Handbook on the Economics of Insurance Law written by Daniel Schwarcz and published by Edward Elgar Publishing. This book was released on 2015-08-28 with total page 549 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fields of insurance law and insurance economics have long and distinguished scholarly histories, but participants in the two disciplines have not always communicated well across academic silos. This Handbook encourages more policy-relevant insurance e

Dealmaking

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Publisher : W. W. Norton & Company
ISBN 13 : 0393339955
Total Pages : 257 pages
Book Rating : 4.3/5 (933 download)

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Book Synopsis Dealmaking by : Guhan Subramanian

Download or read book Dealmaking written by Guhan Subramanian and published by W. W. Norton & Company. This book was released on 2011-08-22 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Packed with transformative insights, Dealmaking will help a new generation of business leaders get to yes.”—William Ury, coauthor of Getting to Yes Informed by meticulous research, field experience, and classroom-tested strategies, Dealmaking offers essential insights for anyone involved in buying or selling everything from cars to corporations. Leading business scholar Guhan Subramanian provides a lively tour of both negotiation and auction theory, then takes an in-depth look at his own hybrid theory, outlining three specific strategies readers can use in complex dealmaking situations. Along the way, he examines case studies as diverse as buying a house, haggling over the rights to a TV show, and participating in the auction of a multimillion-dollar company. Based on broad research and detailed case studies, Dealmaking brings together negotiation and auction strategies for the first time, providing the jargon-free, empirically sound advice professionals need to close the deal. Originally published in hardcover under the title Negotiauctions.