The Effects of Time Constraints on Broker Behavior in China's Resale Housing Market: Theory and Evidence

被引：0

作者：

Zhang, Yang ^{[1
]}

Zhang, Hong ^{[2
]}

Seiler, Michael J. ^{[3
]}

机构：

[1] Beijing Forestry Univ, Dept Property Management, Beijing, Peoples R China

[2] Tsinghua Univ, Inst Real Estate Studies, Dept Construct Management, Beijing 10084, Peoples R China

[3] Coll William & Mary, K Dane Brooksher Endowed Chair Real Estate, POB 8795, Williamsburg, VA 23187 USA

来源：

INTERNATIONAL REAL ESTATE REVIEW | 2016年 / 19卷 / 03期

基金：

中国国家自然科学基金;

关键词：

China; Search Duration; Time Constraints; Residential Real Estate;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study examines the effects of time pressure on residential real estate broker behavior. Consistent with our intuition, we find that when under a binding time constraint, brokers do transact the property more quickly, but do not work as hard and ultimately recommend less optimal homes. Interestingly, brokers earn the same commission when operating in either a low or high time pressure environment. When the characteristics of the broker are considered, we find that experienced brokers are significantly more effective at matching buyers and sellers under time constrained conditions.

引用

页码：353 / 370

页数：18

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