La perspective des coûts de transaction perçus: une explication de l'intermédiation immobilière

Fabrice Larceneux (), Thomas Lefebvre and Arnaud Simon
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Fabrice Larceneux: DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique
Thomas Lefebvre: DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique
Arnaud Simon: DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique

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Abstract: The aim of this research is to study the determinants of the use of direct versus intermediated solutions on the French housing market. The theoretical perspective of perceived transaction costs provides a useful framework for understanding the existence of a specific mode of transaction in real estate. From the analysis of 4142 questionnaires on transactions actually carried out, the logit models used show that the real estate intermediation can not be explained by physical or spatial characteristics of the property, or by socio-demographic variables, but more by perceptions of buyers and sellers in the interest of real estate agents and the benefits they can derive. Six perceived benefits prove relevant for understanding the existence of Realtors in the context of new technologies where direct relationships are now facilitated.

Keywords: Intermediation; Real estate housing; Transaction cost; Coûts de transaction; Marché immobilier résidentiel (search for similar items in EconPapers)
Date: 2014-11
Note: View the original document on HAL open archive server: https://hal.science/hal-01635045v1
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Published in Revue d'économie régionale et urbaine, 2014, 3, ⟨10.3917/reru.143.0499⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01635045

DOI: 10.3917/reru.143.0499

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