Yiu, C.; Wong, S.; Chau, K. - In: The Journal of Real Estate Finance and Economics 38 (2009) 3, pp. 241-253
Noise trading has been intensively studied in finance, but rarely in real estate. Theories of price dispersion have also been well established in retailing research, but less so in real estate. This paper is the first attempt to study the effect of noise trading on price dispersion in the real...