Buyers' and sellers' agents in the housi
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Mark Bagnoli; Naveen Khanna
📂
Article
📅
1991
🏛
Springer US
🌐
English
⚖ 630 KB
We explain why buyers in the housing market use an agent employed by the seller. Such agents reduce buyers' search costs so that more buyers search a particular house. This increases the probability of the sale of the house and possibly also its selling price. However, since the selling price increa