The Stench of Failure: How Perception Affects House Prices
收藏数据链接：
官方服务：
资源简介：
In Australian real estate markets, about a third of properties are sold at auction. We show that properties that fail auctions sell later for a 2.6% discount. This effect increases for properties failing multiple auctions and when no bids are made. Consistent with a causal channel, the effect holds
提供机构：
美国国家经济研究局创建时间：
2022-12-01
