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A Comparison of Prices Brought by English Auctions and Private Negotiations

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Author Info
Kenneth M. Lusht
Abstract

A comparison of house prices brought by English auctions and private negotiations produced evidence that the pricing mechanism matters. In an active market for middle- to high-priced houses, auctions extracted higher prices than private negotiations. Copyright American Real Estate and Urban Economics Association.

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/1540-6229.00702
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Publisher Info
Article provided by American Real Estate and Urban Economics Association in its journal Real Estate Economics.

Volume (Year): 24 (1996)
Issue (Month): 4 ()
Pages: 517-530
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:bla:reesec:v:24:y:1996:i:4:p:517-530

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  1. Abdul – Rasheed Amidu & Alirat Olayinka Agboola, 2009. "Empirical Evidence Of The Influences On First-Price Bid Auction Premiums," International Real Estate Review, Asian Real Estate Society, vol. 12(2), pages 157-170. [Downloadable!]
  2. Sarah Parlane, 2003. "Auction Versus Private Treaty," Working Papers 200306, School Of Economics, University College Dublin. [Downloadable!]
  3. Kirchsteiger, G. & Niederle, M. & Potters, J., 1998. "The endogenous evolution of market institutions an experimental investigation," Discussion Paper 67, Tilburg University, Center for Economic Research. [Downloadable!]
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This page was last updated on 2009-12-19.

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