Effect of broker price information mastering on resale housing bargaining efficiency: A study based on experimental economics

ZHANG Hong; LI Linjun; LI Vera

doi:10.16511/j.cnki.qhdxxb.2017.25.015

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Journal of Tsinghua University(Science and Technology) ›› 2017, Vol. 57 ›› Issue (4) : 421-425,431. DOI: 10.16511/j.cnki.qhdxxb.2017.25.015

ECONOMIC AND PUBLIC MANAGEMENT

Effect of broker price information mastering on resale housing bargaining efficiency: A study based on experimental economics

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Abstract

Experimental economics was used to study the effect of broker price information mastering on resale housing bargaining efficiency. The formulae for broker price information mastering and resale housing bargaining efficiency were developed with experiments then run to study the relationship between the broker price information mastering and resale housing bargaining efficiency. The results show that the broker price information mastering has no significant impact on the buyer bargaining efficiency and that improving the broker price information mastering increases the seller's bargaining efficiency by 2.27%, the broker's bargaining efficiency by 0.69% and the overall bargaining efficiency by 0.73%.

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price information mastering / resale housing / bargaining efficiency / experimental economics

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ZHANG Hong, LI Linjun, LI Vera. Effect of broker price information mastering on resale housing bargaining efficiency: A study based on experimental economics[J]. Journal of Tsinghua University(Science and Technology). 2017, 57(4): 421-425,431 https://doi.org/10.16511/j.cnki.qhdxxb.2017.25.015

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