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La perspective des coûts de transaction perçus : une explication de l'intermédiation immobilière

  • Larceneux, Fabrice
  • Lefebvre, Thomas
  • Simon, Arnaud
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    The aim of this research is to study the determinants of the use of direct versus intermediated solutions on the French housing market. The theoretical perspective of perceived transaction costs provides a useful framework for understanding the existence of a specific mode of transaction in real estate. From the analysis of 4142 questionnaires on transactions actually carried out, the logit models used show that the real estate intermediation can not be explained by physical or spatial characteristics of the property, or by socio-demographic variables, but more by perceptions of buyers and sellers in the interest of real estate agents and the benefits they can derive. Six perceived benefits prove relevant for understanding the existence of Realtors in the context of new technologies where direct relationships are now facilitated.

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    Paper provided by Paris Dauphine University in its series Economics Papers from University Paris Dauphine with number 123456789/12747.

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    Date of creation: Nov 2014
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    Publication status: Published in Revue d'économie régionale et urbaine, 2014, Vol. 3. pp. 499-520.Length: 21 pages
    Handle: RePEc:dau:papers:123456789/12747
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