Loss Aversion and Seller Behavior: Evidence from the Housing Market: Comment Working Paper
In an often quoted article, Genesove and Mayer (2001) observe that house sellers are reluctant to sell at a loss, and attribute this finding to loss aversion. I show that loss aversion cannot explain this phenomenon.
|Date of creation:||Jan 2013|
|Publication status:||Published in Documents de travail du Centre d'Economie de la Sorbonne 2013.05 - ISSN : 1955-611X. 2013|
|Note:||View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00786294|
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