Buyers' and sellers' agents in the housi
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Mark Bagnoli; Naveen Khanna
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Article
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1991
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Springer US
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English
β 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