Abstract
These economic incentives are derived from a search model of broker behavior in which a broker searches for buyers and listings (i.e. sellers who will sell through him) and then attempts to match buyers with his listings. This model is complemented by an analysis of the basic real estate institutions. Both the search model and the institutional analysis are extended to the case of multiple listing services. Finally, shows how these incentives and institutions support racial discrimination by brokers and derives some lessons for the design of anti-discrimination legislation. -Author
| Original language | English (US) |
|---|---|
| Journal | Discussion Paper, Urban Planning Policy Analysis & Administration, Dept. City & Regional Planning, Harvard University |
| Issue number | D78(4) |
| State | Published - 1978 |
| Externally published | Yes |
ASJC Scopus subject areas
- General Environmental Science
- General Earth and Planetary Sciences