Housing Bubble

PDF File

The document you have selected is provided in Adobe Acrobat PDF format. There are two ways to view this document:

You must download the Adobe Acrobat Reader. When complete, you can open any PDF file on this site.

Or

Use Adobe's PDF conversion tool to view a PDF file in HTML

Market Distortions when Agents are Better Informed: A Theoretical and Empirical Exploration of the Value of Information in Real Estate Transactions

52 pages, 1.08 MB

Steven D. Levitt

National Bureau Of Economic Research, Summer Institute 2002

Empirical estimate of the extent to which real estate agents informational advantage is used to convince the homeowners they represent to sell their houses too cheaply and too quickly. A sample of over 50,000 home sales was used