메뉴 건너뛰기




Volumn 27, Issue 3, 1999, Pages 543-560

Residential real estate brokerage efficiency and the implications of franchising: A Bayesian approach

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0033246978     PISSN: 10808620     EISSN: None     Source Type: Journal    
DOI: 10.1111/1540-6229.00783     Document Type: Article
Times cited : (23)

References (34)
  • 1
    • 49449120922 scopus 로고
    • Formulation and estimation of stochastic frontier function models
    • Aigner, D.J., C.A. Lovell, and P. Schmidt. 1977. Formulation and Estimation of Stochastic Frontier Function Models. Journal of Econometrics 6: 21-37.
    • (1977) Journal of Econometrics , vol.6 , pp. 21-37
    • Aigner, D.J.1    Lovell, C.A.2    Schmidt, P.3
  • 3
    • 0001180233 scopus 로고    scopus 로고
    • Measuring the efficiency of residential real estate brokerage firms: An application of the data envelope analysis
    • Anderson, R., R. Fok, L.V. Zumpano, and H.W. Elder. 1998. Measuring the Efficiency of Residential Real Estate Brokerage Firms: An Application of the Data Envelope Analysis. Journal of Real Estate Research 16(2): 139-158.
    • (1998) Journal of Real Estate Research , vol.16 , Issue.2 , pp. 139-158
    • Anderson, R.1    Fok, R.2    Zumpano, L.V.3    Elder, H.W.4
  • 4
    • 34447619061 scopus 로고    scopus 로고
    • X-Inefficiencies in the residential real estate market: A stochastic frontier approach
    • forthcoming
    • Anderson, R., D. Lewis and L.V. Zumpano. 1999. X-Inefficiencies in the Residential Real Estate Market: A Stochastic Frontier Approach. Journal of Real Estate Research 18(2): forthcoming.
    • (1999) Journal of Real Estate Research , vol.18 , Issue.2
    • Anderson, R.1    Lewis, D.2    Zumpano, L.V.3
  • 5
    • 44949289174 scopus 로고
    • Recent developments in the econometric estimation of frontiers
    • Bauer, P.W. 1990. Recent Developments in the Econometric Estimation of Frontiers. Journal of Econometrics 46: 39-56.
    • (1990) Journal of Econometrics , vol.46 , pp. 39-56
    • Bauer, P.W.1
  • 6
    • 0010152391 scopus 로고
    • Analysis of survival rates among franchise and independent small business startups
    • Bates, T. 1995. Analysis of Survival Rates among Franchise and Independent Small Business Startups. Journal of Small Business Management, 26-35.
    • (1995) Journal of Small Business Management , pp. 26-35
    • Bates, T.1
  • 7
    • 0000802994 scopus 로고
    • Fixed percentage commissions and moral hazard in residential real estate brokerage
    • Carroll, W. 1989. Fixed Percentage Commissions and Moral Hazard in Residential Real Estate Brokerage. Journal of Real Estate Finance and Economics 2: 349-365.
    • (1989) Journal of Real Estate Finance and Economics , vol.2 , pp. 349-365
    • Carroll, W.1
  • 8
    • 0019704507 scopus 로고
    • Productivity growth, scale economies and capacity utilization in U.S. Railroads, 1955-1974
    • Caves, D.W., L.R. Christensen, and J.A. Swanson. 1981. Productivity Growth, Scale Economies and Capacity Utilization in U.S. Railroads, 1955-1974. American Economic Review 71: 994-1002.
    • (1981) American Economic Review , vol.71 , pp. 994-1002
    • Caves, D.W.1    Christensen, L.R.2    Swanson, J.A.3
  • 9
    • 84983979262 scopus 로고
    • Competition and efficiency in transacting: The case of the residential real estate brokerage
    • Crockett, J.H. 1982. Competition and Efficiency in Transacting: The Case of the Residential Real Estate Brokerage. AREUEA Journal 10: 23-27.
    • (1982) AREUEA Journal , vol.10 , pp. 23-27
    • Crockett, J.H.1
  • 10
    • 84983979280 scopus 로고
    • The value of a real estate franchise
    • Frew, J.R. and G.D. Jud. 1986. The Value of a Real Estate Franchise. AREUEA Journal 14: 374-383.
    • (1986) AREUEA Journal , vol.14 , pp. 374-383
    • Frew, J.R.1    Jud, G.D.2
  • 11
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs and ownership structure
    • Jenson, M. and W. Meckling. 1976. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics 3: 305-360.
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jenson, M.1    Meckling, W.2
  • 12
    • 0010169020 scopus 로고
    • Stockholder, manager, and creditor interests
    • E. Altman and M. Subrahmanyam, editors. Irwin Press: Homewood, IL
    • Jenson, M. and C. Smith. 1985. Stockholder, Manager, and Creditor Interests. E. Altman and M. Subrahmanyam, editors. Applications of Agency Theory: Recent Advances in Corporate Finance. Irwin Press: Homewood, IL, 615-641.
    • (1985) Applications of Agency Theory: Recent Advances in Corporate Finance , pp. 615-641
    • Jenson, M.1    Smith, C.2
  • 14
    • 84934562506 scopus 로고
    • Uncertainty, efficiency, and the brokerage industry
    • Knoll, M.S. 1988. Uncertainty, Efficiency, and the Brokerage Industry. Journal of Law and Economics 31: 249-266
    • (1988) Journal of Law and Economics , vol.31 , pp. 249-266
    • Knoll, M.S.1
  • 16
  • 17
    • 0001318112 scopus 로고
    • Allocative efficiency vs. "X-efficiency."
    • Leibenstein, H., 1966. Allocative Efficiency vs. "X-Efficiency." American Economic Review 56: 392-414.
    • (1966) American Economic Review , vol.56 , pp. 392-414
    • Leibenstein, H.1
  • 19
    • 0001183404 scopus 로고
    • Efficiency estimation from cobb - Douglas production function with composed error
    • Meeusen, W. and van den Broek, J. 1977. Efficiency Estimation from Cobb - Douglas Production Function with Composed Error. International Economic Review 18: 435-444.
    • (1977) International Economic Review , vol.18 , pp. 435-444
    • Meeusen, W.1    Van Den Broek, J.2
  • 20
    • 0009211601 scopus 로고
    • An economic explanation for the uniformity of real estate brokerage fees, and projections for change
    • Atlanta
    • Miller, N.G. and P.J. Shedd. 1979. An Economic Explanation for the Uniformity of Real Estate Brokerage Fees, and Projections for Change. Unpublished Manuscript presented at the American Real Estate and Urban Economics Association Meeting, Atlanta.
    • (1979) American Real Estate and Urban Economics Association Meeting
    • Miller, N.G.1    Shedd, P.J.2
  • 21
    • 0001888752 scopus 로고
    • Will franchise systems ultimately become wholly owned chains?
    • Oxenfeldt, A. and A. Kelly. 1969. Will Franchise Systems Ultimately Become Wholly Owned Chains? Journal of Retailing (Winter): 69-83.
    • (1969) Journal of Retailing , Issue.WINTER , pp. 69-83
    • Oxenfeldt, A.1    Kelly, A.2
  • 23
    • 0009142611 scopus 로고
    • The economics of franchising
    • U.S. Senate, Select Committee on Small Business. U.S. Government Printing Office: Washington
    • Ozanne, V.B. and S.D. Hunt. 1971. The Economics of Franchising. Committee Print, 92nd Congress, 1st session. U.S. Senate, Select Committee on Small Business. U.S. Government Printing Office: Washington.
    • (1971) Committee Print, 92nd Congress, 1st Session
    • Ozanne, V.B.1    Hunt, S.D.2
  • 24
    • 0009145045 scopus 로고
    • Strategic orientation and marketing strategy: An analysis of residential real estate brokerage firms
    • Richins, M.L., W.C. Black and C.F. Sirmans. 1987. Strategic Orientation and Marketing Strategy: An Analysis of Residential Real Estate Brokerage Firms. Journal of Real Estate Research 2: 41-54.
    • (1987) Journal of Real Estate Research , vol.2 , pp. 41-54
    • Richins, M.L.1    Black, W.C.2    Sirmans, C.F.3
  • 25
    • 0000248279 scopus 로고
    • The theory of the firm and the structure of the franchise contract
    • Rubin, P.H. 1978. The Theory of the Firm and the Structure of the Franchise Contract. Journal of Law and Economics 21: 223-233.
    • (1978) Journal of Law and Economics , vol.21 , pp. 223-233
    • Rubin, P.H.1
  • 26
    • 0009279565 scopus 로고
    • Competition and value-of-service pricing in the residential real estate brokerage markets
    • Schroeter, J.R. 1987. Competition and Value-of-Service Pricing in the Residential Real Estate Brokerage Markets. Quarterly Review of Economics and Business 27: 29-40.
    • (1987) Quarterly Review of Economics and Business , vol.27 , pp. 29-40
    • Schroeter, J.R.1
  • 27
    • 21344458988 scopus 로고    scopus 로고
    • Incorporating monotonicity and concavity conditions in flexible functional forms
    • Terrell, D. 1996. Incorporating Monotonicity and Concavity Conditions in Flexible Functional Forms. Journal of Applied Econometrics 11(2): 179-194.
    • (1996) Journal of Applied Econometrics , vol.11 , Issue.2 , pp. 179-194
    • Terrell, D.1
  • 30
    • 0009213909 scopus 로고
    • Residential real estate brokerage: Cartel without entry barriers
    • A.J. Jaffe, editor. JAI Press: Greenwich, CT
    • Wachter, S.M. 1985. Residential Real Estate Brokerage: Cartel without Entry Barriers. A.J. Jaffe, editor. Research in Real Estate. JAI Press: Greenwich, CT, 189-210.
    • (1985) Research in Real Estate , pp. 189-210
    • Wachter, S.M.1
  • 31
    • 84925932008 scopus 로고
    • A search model of real estate broker behavior
    • Yinger, J. 1981. A Search Model of Real Estate Broker Behavior. American Economic Review 71: 591-605.
    • (1981) American Economic Review , vol.71 , pp. 591-605
    • Yinger, J.1
  • 33
    • 84977365831 scopus 로고
    • Economies of scope and density in the market for real estate brokerage services
    • -. 1994. Economies of Scope and Density in the Market for Real Estate Brokerage Services. AREUEA Journal 22: 497-513.
    • (1994) AREUEA Journal , vol.22 , pp. 497-513
  • 34
    • 0001123951 scopus 로고
    • The market for residential real estate brokerage services: Costs of production and economies of scale
    • Zumpano, L.V., H.W. Elder and G.E. Crellin. 1993. The Market for Residential Real Estate Brokerage Services: Costs of Production and Economies of Scale. Journal of Real Estate Finance and Economics 6: 237-250.
    • (1993) Journal of Real Estate Finance and Economics , vol.6 , pp. 237-250
    • Zumpano, L.V.1    Elder, H.W.2    Crellin, G.E.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.