AEA Papers and Proceedings
ISSN 2574-0768 (Print) | ISSN 2574-0776 (Online)
The Role of Housing Platforms in Facilitating Trading between Firms
AEA Papers and Proceedings
vol. 113,
May 2023
(pp. 234–38)
Abstract
We study the 2013 merger of three multiple listings services (MLSes) in Florida, the primary platforms where properties are transacted. We use MLS listings data from 2009 to 2019 to trace out the effects of the merger on the likelihood that listings by brokerages from different platforms are traded. The merger sharply increased the platform scale for brokerages whose platforms were not dominant in a local market prior to the merger. This exposed their listings to more agents and also expanded their access to more listings. Difference-in-difference estimates indicate that nondominant brokerages are more likely to have interplatform trades.Citation
Peng, Xuequan Elsie, and Maisy Wong. 2023. "The Role of Housing Platforms in Facilitating Trading between Firms." AEA Papers and Proceedings, 113: 234–38. DOI: 10.1257/pandp.20231067Additional Materials
JEL Classification
- D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- G34 Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
- L85 Real Estate Services
- R30 Real Estate Markets, Spatial Production Analysis, and Firm Location: General