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NAR Settlement, House Prices, and Consumer Welfare

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NBER2024-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w32855
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Motivated by the recent National Association of Realtors (NAR) settlement, we examine how reduced real estate agent commissions affect home prices, housing turnover, and consumer welfare. Using a calibrated dynamic structural search model, we show that by reducing future transaction costs, lower
创建时间:
2024-08-01
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