Research on Asymmetric Information Problem in Housing Market
SHI Qian,WANG Wei-min
DOI:
Received ,Revised , Accepted , Available online July 01, 2015
Volume ,2000,Pages 80-
- Abstract
Housing market is not similar to other markets, it is difficult for non-professional people to know the quality of the house in a short time. So the asymmetric information situation between the purchaser and the seller exists during the exchange process. The result is that bad quality houses wash out good ones. In this paper, a detailed analysis is given to the phenomenon and some ways are put forward to avoid the appearance of this problem.