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BARGAINING OVER RESIDENTIAL REAL ESTATE: EVIDENCE FROM ENGLAND
Category: Economic Theory
Bargaining Wednesday 28th August 2002, 09:30 - 11:00, Room: 1.5
Session Chair(s):
Andreas Westermark, Uppsala University, SWEDEN
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Abstract:
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This paper presents and investigates 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
ever made on a property since it appears on the market, as well as
all the visits by potential buyers for a subset of the sample. We
analyze individual seller and potential buyers behavior within
property transaction histories. This leads us to establish a
number of stylized facts pertaining specifically to the timing and
terms of agreement in housing transactions, and more generally, to
the sequence of events that occur from initial listing to sale
agreement.
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Find this file in the \Papers\1253\ folder of this CD-ROM.
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