This study examines the role of real estate brokers in the market for residential housing. It is shown that brokers obtain higher prices for the homes they sell and implicitly shift part of the brokerage-commission burden to the buyer. Evidence also is found to suggest that buyers who search the...

This study combines historical and quantitative methods to determine the market response to a major nineteenth century American urban architectural form-the speculatively built row house. The paper estimates a hedonic price index which decomposes the ...

Most studies evaluating the effect on housing prices of regulatory programs for controlling urban growth use econometric methods (hedonic price models) without considering the research-design aspects of the task. This article examines the strengths and ...

The major purpose of this article is to estimate the potential earnings of black men supposing that they were to work full time, full year-that is, at their earnings capacity-at two widely separated points in time. The effect of changes in earnings ...