区域与城市经济学前沿讲座系列（Virtual Workshops on Topics in Regional and Urban Economics: China, Asia, and Beyond）由暨南大学经济与社会研究院与北京大学光华管理学院合作举办，旨在讨论目前城市经济学和房地产经济学领域出现的各种前沿研究和热门话题，为学术界带来更便捷的学术交流平台，为业界以及政府提供更科学的政策建议。讲座采用线上会议形式开展。 更多信息：https://rere-iesr.jnu.edu.cn/2020/0828/c15889a510841/page.htm  

题目： The role of experience in agency choice in Australian housing market

主讲人：Junji Xiao, Lingnan University of Hong Kong

时间：2021年4月1日，9: 00 -10：30 （北京时间）

举办方式：线上讲座

主讲人简介：

Junji Xiao has been an associate professor in economics at Lingnan University since 2021. He is an economist with research interest in the fields of empirical industrial organization, environmental economics and China economy. His recent work has explored such topics as the competition structure, the welfare effect of environmental policies and the vertical restraints. Before joining Lingnan University, he taught at UTS Business School, the Chinese University of Hong Kong, Fudan University and Shanghai University of Finance and Economics respectively. He was awarded the German DFG Fellowship in 2001 and Hong Kong RGC grant in 2016. His research papers have been published in such journals as International Economic Review, Review of Economics and Statistics, Journal of Industrial Economics, Journal of Economics & Management Strategy, Journal of Economic Behavior and Organization, Journal of Environmental Economics and Management, International Journal of Industrial Organization and Journal of Comparative Economics. He has also worked on commissioned projects for the State Administration for Market Regulation, China.

Abstract:

Agent quality is crucial for both sellers and buyers in real estate transactions; however, principal-agent problems exist. Using a unique panel data of individual house transactions, this paper analyses whether homeowners recognize agency problems and how they choose agencies for house sales based on information obtained through their past purchase experience. Our empirical findings suggest that realized price premia by the last agency (purchase premia), duration between purchase and sale, property type, and neighbourhood demographics all impact homeowners' choices. A premia analysis on sale transactions also suggests that choosing the same agency reduces sale premia by 0.6%, if the agency did not realize a premia during the purchase transaction. Otherwise, it is generally optimal to choose the same agency.

报名方式

非经济与社会研究院的师生需报名参加本次线上讲座，请感兴趣的师生扫描下方二维码报名,报名截止时间为2021年3月31日12:00 （北京时间）。