This article reviews research on the economics of information in real estate. It covers equity
investment in private and public markets and intermediation by brokers. The review shows …

Psychological aspects of human nature cause behavioural biases and can lead to decisions
that differ from what is expected based solely on rational analysis. The effects of behavioural …

Whether geographic diversification within property portfolios is ideal remains an open
question, with most studies finding either a diversification discount or no evidence of …

Conventional wisdom suggests that non-local buyers usually pay a premium for home
purchases. While the standard contract theory predicts that non-local buyers may pay such a …

Do residential real estate investors hold locally-concentrated or geographically-diversified
portfolios? We identify a large sample of investors in the residential property market and …

In this paper, we study the impact of CEO and board gender diversity on the risk
management decisions of 179 US Real Estate Investment Trusts (REITs) during the 2001 …

Using a unique setting with significant cross‐market information asymmetries and a large
sample of individual commercial property holdings, we provide robust evidence showing …

The housing market is thin. Buyers search and bargain in local housing markets, often
paying different prices for nearly identical houses. Non-local homebuyers may have less …

Are commercial real estate prices in metropolitan New York affected by the type or
nationality of the investors involved in a transaction? Previous research has highlighted …

Land, capital, and labor constitute essential components of economic production. This axiom
holds particular significance in commercial real estate, where an incorporation of prime land …