This paper investigates the relationship between single-family house prices and contingent terms in contracts. Since contingencies create uncertainty, the market should exact a price premium. The results indicate that the contracting for property rights affects house prices in the predicted ways. Copyright 1987 by Oxford University Press.
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Article provided by Oxford University Press in its journal Economic Inquiry.
Volume (Year): 25 (1987) Issue (Month): 1 (January) Pages: 159-64 Download reference. The following formats are available: HTML
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Handle: RePEc:oup:ecinqu:v:25:y:1987:i:1:p:159-64
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