A Comparison of Prices Brought by English Auctions and Private Negotiations

Kenneth M. Lusht

Real Estate Economics, 1996, vol. 24, issue 4, 517-530

Abstract: A comparison of house prices brought by English auctions and private negotiations produced evidence that the pricing mechanism matters. In an active market for middle‐ to high‐priced houses, auctions extracted higher prices than private negotiations.

Date: 1996
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