This study empirically examines what factors increase the probability of a quick sale, an event where a property sells quicker than what is considered a normal marketing duration. This investigation is the first to explore the determinants of the probability of a quick sale utilizing a Probit...

This article offers a practical way for economic educators to integrate marketing into economics principles courses by connecting economic principles and data to advertisements used during the "Great Recession." While most business students are required to take economic principles courses, few...

By evaluating a new data set on colleges and universities across six states, this paper characterizes the state of the economics major and identifies institutional characteristics that may influence key features of an economics major. Although majors are similar in terms of credit hour...

In this article we show how teaching the fundamentals of supply, demand and the market equilibrium can be enhanced by including lessons from transition countries, in which markets did not exist less than two decades ago and the market institutions are still being built. We draw upon the...

We present a classroom public goods experiment based on a provision point mechanism, where subjects must make an all or nothing decision about providing the public good. We find that, as a teaching tool, this design is superior to traditional prisoners' dilemma games in which there exists a...

This study is the first to examine dual agency sales over the listing contract between seller and listing agent. We test hypotheses about the timing of dual agency and its effects on sales price and time on market. Probit results indicate that dual agency sales are more likely to occur near the...

Miceli (1989) in a search for the optimal time to allow a broker to market property provides a theoretical model which posits that the principal (seller) may use the length of the listing contract to motivate the agent (listing broker) to better align incentives. Expanding slightly on Miceli,...

This research examines the productivity of real estate agents who acquire and maintain their real estate salesperson’s license for two years or less (ROOKIE) relative to more experienced agents who have been licensed agents for 10 years or more (VETERAN). Many individuals pursue a real estate...

This study examines the market impact of targeted property tax relief, which is critical for understanding who exactly benefits from a widely used local policy. Specifically, we investigate this in the context of two state-wide ballot measures in Virginia that provided property tax relief...

Home warranties are often criticized for their lack of worth to a potential home buyer. We argue that both home buyers and home sellers may benefit from warranties, though the benefits are very small. If home buyers are risk averse, home warranties provide a valuable form of insurance. Sellers...