THE WELFARE EFFECTS OF A SUBSIDY TO MULTIPLE LISTING SERVICES

Authors
SEFTON M YAVAS A
Citation
M. Sefton et A. Yavas, THE WELFARE EFFECTS OF A SUBSIDY TO MULTIPLE LISTING SERVICES, Journal of real estate finance and economics, 11(1), 1995, pp. 85-90
Citations number
12
Categorie Soggetti
Economics
Journal title
Journal of real estate finance and economics → ACNP
ISSN journal
08955638
Volume
11
Issue
1
Year of publication
1995
Pages
85 - 90
Database
ISI
SICI code
0895-5638(1995)11:1<85:TWEOAS>2.0.ZU;2-W
Abstract
We show that the gain in consumer surplus resulting from subsidizing a Multiple Listing Service may exceed the cost of the subsidy. Thus a s ubsidy financed by taxing the consumer may be Pareto-improving. We giv e general conditions for this to hold.