Bargaining over Residential Real Estate: Evidence from England (Third Version)

Antonio Merlo and François Ortalo-Magné ()
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François Ortalo-Magné: School of Business, University of Wisconsin-Madison
Authors registered in the RePEc Author Service: Francois Ortalo-Magne

PIER Working Paper Archive from Penn Institute for Economic Research, Department of Economics, University of Pennsylvania

Abstract: This paper presents a new data set of individual residential property transactions in England. The main novelty of the data is the record of all listing price changes and all offers made between initial listing and sale agreement. We establish a number of stylized facts pertaining to the sequence of events that occur within individual property transaction histories. We assess the limitations of existing theories in explaining the data and discuss alternative theoretical frameworks

JEL-codes: D4 L0 R0 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2002-02-01, Revised 2004-03-11
New Economics Papers: this item is included in nep-geo and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:pen:papers:04-020

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