Construct · 1 fields · 1 citations

time-on-market quality signal: a standalone construct

One name. One construct. A landmark on the map.

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Real estate economics

the inference buyers draw that a house which has stayed unsold longer is of lower quality, which can trap good houses in herd behavior.

In real estate economics, time-on-market quality signal refers to the inference buyers draw that a house which has stayed unsold longer is of lower quality, which can trap good houses in herd behavior. This meaning comes from Taylor (1999) in Review of Economic Studies.[1]

Unit
Recovery means
Measured by

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Nearby constructs

estate2 fields · 2 citationsjingle · one word, two carriers good2 fields · 5 citationsjingle · one word, two constructs herding4 fields · 5 citationsjingle · one word, several herd constructs

References

Taylor, C. R. (1999). Time-on-the-Market as a Sign of Quality. Review of Economic Studies, 66(3), 555-578. https://doi.org/10.1111/1467-937x.00098

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