Browse Menu >>

Browse Subjects >>

Biomedical & Life Sciences

Business & Economics

Chemistry & Materials Science

Computer Science & Communications

Earth & Environmental Sciences

Engineering

Medicine & Healthcare

Physics & Mathematics

Social Sciences & Humanities

Why Us? >>

  • - Open Access
  • - Peer-reviewed
  • - Rapid publication
  • - Lifetime hosting
  • - Free indexing service
  • - Free promotion service
  • - More citations
  • - Search engine friendly

Free SCIRP Newsletters>>

Add your e-mail address to receive free newsletters from SCIRP.

 

Contact Us >>

WhatsApp  +86 18163351462(WhatsApp)
   
Paper Publishing WeChat
Book Publishing WeChat
(or Email:book@scirp.org)

Article citations

More>>

J. Sandford and P. Shea, “Optimal Setting of Point Spreads,” Economica, Vol. 80, No. 317, 2013, pp. 149-170. doi:10.1111/j.1468-0335.2012.00939.x

has been cited by the following article:

  • TITLE: Real Estate Pricing under Two-Sided Asymmetric Information

    AUTHORS: Jeremy Sandford, Paul Shea

    KEYWORDS: Asymmetric Information; Game Theory; Information

    JOURNAL NAME: Theoretical Economics Letters, Vol.3 No.4, July 17, 2013

    ABSTRACT: What happens when a buyer and a seller each have private information about the value of an item for trade, as is particularly common in real estate? We solve for the equilibrium price under both public information, where the seller shares his information with the buyer, and private information, where the seller is constrained to be unable to credibly share. Our main results are 1) even under public information, the equilibrium price differs from the expected value of the item, 2) under private information, prices follow a step function, with small changes in information generically having no effect on price, and 3) equilibrium price is more sensitive to informational changes under private information than public information. This under-studied game of 2-sided asymmetric information reasonably describes real estate transactions.