Market Distortions when Agents are Better Informed: The Value of Information in Real Estate Transactions
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Agents are often better informed than the clients who hire them and may exploit this informational advantage. Real-estate agents, who know much more about the housing market than the typical homeowner, are one example. Because real estate agents receive only a small share of the incremental profit
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美国国家经济研究局创建时间：
2005-01-01
