Construct · 1 fields · 1 citations

strategic complementarity in house pricing: a standalone construct

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Real estate economics

the incentive for sellers to set list prices close to others because demand is concave in relative price, which spreads shocks slowly and amplifies momentum.

In real estate economics, strategic complementarity in house pricing refers to the incentive for sellers to set list prices close to others because demand is concave in relative price, which spreads shocks slowly and amplifies momentum. This meaning comes from Guren (2018) in Journal of Political Economy.[1]

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Nearby constructs

complementarity3 fields · 4 citationsjingle · one word, three constructs demand4 fields · 4 citationsjingle · one word, four constructs estate2 fields · 2 citationsjingle · one word, two carriers

References

Guren, A. M. (2018). House Price Momentum and Strategic Complementarity. Journal of Political Economy, 126(3), 1172-1218. https://doi.org/10.1086/697207

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