The office market: a lemon market? A study of the Malmo CBD office market

被引：2
|
作者：
Palm, Peter [1 ]
机构：
[1] Malmo Univ, Dept Real Estate Sci, Urban Studies, Malmo, Sweden
来源：
JOURNAL OF PROPERTY INVESTMENT & FINANCE | 2015年 / 33卷 / 02期
关键词：
Leasing; Lemon market; Office market; Online advertising; Quality in real estate management; Quality signalling;
D O I：
10.1108/JPIF-12-2014-0073
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Purpose - The purpose of this paper is to test whether bad real estate owners drive out good real estate owners from the online marketplace for offices. Design/methodology/approach - This research is based on a statistical analysis of the advertisement of offices in Malmo CBD, collected weekly during a period of one year. Findings - The hypothesis that the market for advertisement of office properties is a lemons market cannot be rejected. The result that owners who have appeared in court more than once in the last two years being more inclined to advertise supports this. Research limitations/implications - The research in this paper is limited to the Malmo CBD office market. Practical implications - It provides an insight in how the online marketplace for offices works as a marketplace and how quality signals influences advertisement. Originality/value - This paper is a direct test of Akerlof's classical lemon model.
引用
收藏
页码：140 / 155
页数：16
相关论文
共 50 条
  • [21] The growth of the green office market in the UK
    Oyedokun, Tunbosun
    Jones, Colin
    Dunse, Neil
    [J]. JOURNAL OF EUROPEAN REAL ESTATE RESEARCH, 2015, 8 (03) : 267 - 284
  • [22] Physician Office Lab Diagnostic Market
    Carlson, Bruce
    [J]. GENETIC ENGINEERING & BIOTECHNOLOGY NEWS, 2010, 30 (21): : 20 - 21
  • [23] Developer brings green ideas to the spec market + The office building market
    Pearson, C
    [J]. ARCHITECTURAL RECORD, 1997, 185 (06) : 73 - 75
  • [24] Distortions in a segment of the commercial office market: the case of medical office buildings
    Goodman, Allen C.
    Smith, Brent C.
    [J]. JOURNAL OF PROPERTY RESEARCH, 2020, 37 (04) : 340 - 359
  • [25] Effective demand and office cycles: The emerging Guangzhou office user market
    Wu, Hao
    Reed, Richard
    Robinson, Jon
    [J]. Proceedings of CRIOCM 2006 International Research Symposium on Advancement of Construction Management and Real Estate, Vols 1 and 2, 2006, : 601 - 611
  • [26] MICROGRAPHICS IN THE OFFICE - A MARKET STUDY - INTERNATIONAL-DATA-CORPORATION
    DAILEY, FE
    [J]. JOURNAL OF MICROGRAPHICS, 1980, 13 (05): : 62 - 62
  • [27] Study: Federal Cartel Office investigated the Market Power of Trade
    不详
    [J]. DEUTSCHE LEBENSMITTEL-RUNDSCHAU, 2014, 110 (11) : 504 - 504
  • [28] Asymmetric Adjustment in the City of London Office Market
    Hendershott, Patric H.
    Lizieri, Colin M.
    MacGregor, Bryan D.
    [J]. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, 2010, 41 (01): : 80 - 101
  • [29] Green Design and the Market for Commercial Office Space
    Wiley, Jonathan A.
    Benefield, Justin D.
    Johnson, Ken H.
    [J]. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, 2010, 41 (02): : 228 - 243
  • [30] RENTAL PRICE ADJUSTMENT AND INVESTMENT IN THE OFFICE MARKET
    HEKMAN, JS
    [J]. AREUEA JOURNAL-JOURNAL OF THE AMERICAN REAL ESTATE & URBAN ECONOMICS ASSOCIATION, 1985, 13 (01): : 32 - 47
12345