| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 962782 | Journal of Housing Economics | 2011 | 6 Pages |
Abstract
⺠Sale prices do not reflect true market conditions when many properties are delisted. ⺠This paper provides a formal analysis on such well-known issue of the housing market. ⺠We provide a closed-form formula to identify and correct such pricing bias. ⺠The model helps policy makers and others to form unbiased view of the housing market.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ping Cheng, Zhenguo Lin, Yingchun Liu,