Real Estate Brokers and the Market for Residential Housing
研究了房地产经纪人在住房市场中的作用，构建了买卖双方对经纪人服务需求的模型，发现经纪人影响买家住房消费水平但不影响房价。
This study explores the role of the real estate broker in the housing market. A model of the demand for broker services by both sellers and buyers is developed and conditional logit estimates are presented. Evidence relating to the effects of the brokerage industry on housing market transactions also is presented. Brokers do not seem to affect the prices of the houses they sell. But they do influence the level of housing consumption by buyers.