The efficiency of franchising in the residential real estate brokerage market

Journal of Consumer Marketing

Volumn 15, Issue 4, 1998, Pages 386-396

  Anderson, Randy I ^a   Fok, Robert ^c   Zumpano, Leonard V ^b   Elder, Harold W ^b  

^a UNIVERSITY OF LOUISIANA AT MONROE   (United States)

^b UNIVERSITY OF ALABAMA   (United States)

^c NONE

Author keywords

Data envelopment analysis; Efficiency; Franchising; Market segmentation; Real estate

Indexed keywords

EID: 0013138725     PISSN: 07363761     EISSN: None     Source Type: Journal    
DOI: 10.1108/07363769810226028     Document Type: Article

References (18)

1. Anderson, R.A., Fok, R. Zumpano, L.V. and Elder, H. (1998), "Measuring the efficiency of residential real estate brokerage firms: an application of the data envelopment analysis", Journal of Real Estate Research (forthcoming).
2. Banker, R.D. and Morey, R.D (1986), "The use of categorical variables in the data envelopment analysis", Management Science, Vol. 32, pp. 1613-27.
3. Bates, T. (1995), "Analysis of survival rates among franchise and independent small business startups", Journal of Small Business Management, pp. 26-35.
4. Bessent, A., Bessent, J., Kennington, and Regan, B. (1982), "An application of mathematical programming to assess productivity in the Houston independent school districts", Management Science, Vol. 28, pp. 1355-67.
5. Charnes, A.C., Cooper, W.W. and Rhodes, E. (1981), "Evaluating program and managerial efficiency: an application of the data envelopment analysis to program follow through", Management Science, Vol. 27, pp. 68-697.
6. Färe, R., Grosskopf, S. and Lovell, C.A.K. (1985), The Measurement of Efficiency of Production, Kluwer-Nijhoff, Boston, MA.
7. Farrell, M. (1985), "The measurement of productive efficiency", Journal of the Royal Statistical Society, Series A, General, Vol. 125 No. 2, pp. 252-67.
8. Fecher, F., Kessler, D., Perelman, S. and Pestieau, P. (1993), "Productive Performance in the French Insurance Industry", European Journal of Operational Research, pp. 77-93.
9. Fizel, J.L. and Nunnikhoven, T.S. (1993), "The efficiency of nursing home chains", Applied Economics, Vol. 25, pp. 49-55.
10. Jensen, M. and Meckling, W. (1976), "Theory of the firm: managerial behavior, agency costs and ownership structure", Journal of Financial Economics, Vol. 3, pp. 305-60.
11. Jensen, M. and Smith, W.C. (1985), "Stockholder, manager, and creditor interests", in Altman, E. and Subrahmanyam, M. (Eds), Applications of Agency Theory: Recent Advances in Corporate Finance, Irwin Press, Homewood, IL, pp. 615-41.
12. Lang, J.R. and Golden, P. (1989), "Evaluating the efficiency of SBDCS with data envelopment analysis: a longitudinal approach", Journal of Small Business Management, Vol. 27, pp. 42-9.
13. Leibenstein, H. (1966), "Allocative efficiency vs. 'X-Efficiency'", American Economic Review, Vol. 56, pp. 392-414.
14. National Association of Realtors (NAR) (1996), Profile of Real Estate Firms, NAR, Washington, DC.
15. Rubin, P.H. (1978), "The theory of the firm and the structure of the franchise contract", Journal of Law and Economics, Vol. 21, pp. 223-33.
16. Zumpano, L.V. and Elder, H.W. (1992), "Organizational form in the residential real estate brokerage industry", working paper, The University of Alabama, Tuscalousa, AL.
17. Zumpano, L.V. and Elder, H.W. (1994), "Economies of scope and density in the market for real estate brokerage services", AREUEA Journal, Vol. 22, pp. 497-513.
18. Zumpano, L.V., Elder, H.W. and Crellin, G.E. (1993), "The market for residential real estate brokerage services: costs of production and economies of scale", Journal of Real Estate Finance and Economics, Vol. 6, pp. 237-50.