Economics at your fingertips  

Information Frictions in Real Estate Markets: Recent Evidence and Issues

Daniel Broxterman () and Tingyu Zhou
Additional contact information
Daniel Broxterman: Florida State University

The Journal of Real Estate Finance and Economics, 2023, vol. 66, issue 2, No 2, 203-298

Abstract: Abstract This article reviews research on the economics of information in real estate. It covers equity investment in private and public markets and intermediation by brokers. The review shows how, by examining the nature and extent of information frictions in these important markets, research has improved our understanding of potential market failures and corrections which can improve market functioning.

Keywords: Real estate; REIT; Brokerage; Asymmetric information; Adverse selection; Moral hazard; Agency costs (search for similar items in EconPapers)
JEL-codes: D82 D86 G14 K25 R21 R33 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc

Downloads: (external link) Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
http://www.springer. ... ce/journal/11146/PS2

DOI: 10.1007/s11146-022-09918-9

Access Statistics for this article

The Journal of Real Estate Finance and Economics is currently edited by Steven R. Grenadier, James B. Kau and C.F. Sirmans

More articles in The Journal of Real Estate Finance and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

Page updated 2024-07-07
Handle: RePEc:kap:jrefec:v:66:y:2023:i:2:d:10.1007_s11146-022-09918-9