Steven Levitt and Chad Syverson compared home sales in which real estate agents are hired by others

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Steven Levitt and Chad Syverson compared home sales in which real estate agents are hired by others to sell a home to instances in which an agent sells his or her own home. They found that homes owned by real estate agents sold for 3.7 percent more than other houses and stayed on the market 9.5 days longer, everything else equal. How could moral hazard explain these results?
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Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

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