Testing for Price Anomalies in Real Estate Auctions
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This paper reports on the results of an auction sale of 83 condominium apartment units in New Jersey. At the auction every unit was hammered down, but, unknown to the 2,348 registered bidders, 40% of the sales fell through. Prices in the subsequent sale of condominium units in face to face
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美国国家经济研究局创建时间：
1992-03-01
