Bidding Conventions and the Degree of Overpricing in the Market for Houses
Bidding Conventions and the Degree of Overpricing in the Market for Houses
复制标题
投标惯例和房屋市场定价过高的程度
DOI：
10.1177/0042098010363496
复制
发表时间：
2011
期刊：
影响因子：
4.7
通讯作者：
G. Pryce
中科院分区：
文献类型：
--
作者：
G. Pryce
买家如何判断一处房产是否定价过高？他们的判断是基于要价和预期售价之间的简单差异吗？或者他们会考虑到当地的投标惯例——典型的要价-卖价在附近蔓延？本文探讨了投标惯例对过高定价程度的定义和测量的影响，以及这对市场上时间生存模型的影响。本文还考虑了不确定性的影响，并采用分数多项式回归来探讨属性价格的时空变化是否会影响市场对过高定价的看法。
How do buyers decide whether a property is overpriced? Do they base their judgement on the simple difference between the asking price and expected selling price? Or do they take into account local bidding conventions—the typical asking–selling price spread in the neighbourhood? This paper explores the implications of bidding conventions for the definition and measurement of the degree of overpricing and the effect this has on a survival model of time on the market. The paper also considers the impact of uncertainty and employs fractional polynomial regression to explore whether spatio-temporal variations in attribute prices affect market perceptions of overpricing.