住房市场贴现率:来自议价和竞价战的证据

IF 1.5 3区经济学 Q2 ECONOMICS

International Economic Review Pub Date : 2023-11-28 DOI:10.1111/iere.12679

Hans R.A. Koster, Jan Rouwendal

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引用次数: 0

摘要

在出售房屋时，通过选择标价，卖家在低价快速售出或等待更高的出价之间做出权衡。这个定价决定是由贴现率决定的。利用荷兰的房屋销售数据，我们得出了双边议价和竞价战下的总贴现率。估计折扣率为25- 35%，这比长期住房市场的折扣率要高得多，这可能是卖方不熟悉销售流程的结果。对于已经搬家且受教育程度较低的卖家来说，税率更高。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

HOUSING MARKET DISCOUNT RATES: EVIDENCE FROM BARGAINING AND BIDDING WARS

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HOUSING MARKET DISCOUNT RATES: EVIDENCE FROM BARGAINING AND BIDDING WARS

When selling a home, through the choice of the list price, sellers make a trade-off between achieving a quick sale at a low price or waiting for higher bids. This list-price setting decision is governed by a discount rate. Using data on housing sales in the Netherlands, we derive gross discount rates under bilateral bargaining and bidding wars. The estimated discount rates are 25%–35%, which are considerably higher than long-run housing market discount rates and may result from the seller's unfamiliarity with the selling process. The rates are higher for sellers that already moved and have a low education.

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来源期刊

International Economic Review ECONOMICS-

CiteScore

2.60

自引率

0.00%

发文量

期刊介绍： The International Economic Review was established in 1960 to provide a forum for modern quantitative economics. From its inception, the journal has tried to stimulate economic research around the world by publishing cutting edge papers in many areas of economics, including econometrics, economic theory, macro, and applied economics.