Estimating Bargaining Power in Real Estate Pricing Models: Conceptual and Empirical Issues

The relative bargaining power of the buyer and seller is a key feature of real estate pricing models. Classic real estate studies have sought to address bargaining effects in hedonic regression models. Prior research proposes a procedure to estimate bargaining effects in hedonic regression models th...

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Bibliographic Details
Main Authors: Steven B. Caudill, Franklin G. Mixon
Format: Article
Language:English
Published: MDPI AG 2020-05-01
Series:Journal of Risk and Financial Management
Subjects:
Online Access:https://www.mdpi.com/1911-8074/13/5/105