1{2 "indexed": {3 "date-parts": [4 [5 2026,6 8,7 308 ]9 ],10 "date-time": "2026-08-30T05:19:51Z",11 "timestamp": 1788067191970,12 "version": "build-2784847793"13 },14 "reference-count": 20,15 "publisher": "Wiley",16 "issue": "4",17 "license": [18 {19 "start": {20 "date-parts": [21 [22 2003,23 9,24 2625 ]26 ],27 "date-time": "2003-09-26T00:00:00Z",28 "timestamp": 106453440000029 },30 "content-version": "vor",31 "delay-in-days": 3951,32 "URL": "http://onlinelibrary.wiley.com/termsAndConditions#vor"33 }34 ],35 "content-domain": {36 "domain": [],37 "crossmark-restriction": false38 },39 "short-container-title": [40 "Real Estate Economics"41 ],42 "published-print": {43 "date-parts": [44 [45 1992,46 1247 ]48 ]49 },50 "abstract": "<jats:p>This paper examines the impact of brokers on buyers' and sellers' search behavior and on the transaction prices in real estate markets. It is shown that the seller and the buyer search less intensively if the house is listed with a broker. The seller gets a higher price when he employs a broker, but the increase in price is smaller than the commission fee. More specifically, the portion of the commission covered by the increase in price is directly related to the bargaining powers of the buyer and the seller. In the special case where the price is determined according to the Nash bargaining solution, the increase in price is shown to be half of the commission fee. It is also shown that an increase in the commission rate increases the equilibrium price but decreases the equilibrium search intensities.</jats:p>",51 "DOI": "10.1111/1540-6229.00595",52 "type": "journal-article",53 "created": {54 "date-parts": [55 [56 2003,57 9,58 2659 ]60 ],61 "date-time": "2003-09-26T13:36:03Z",62 "timestamp": 106458336300063 },64 "page": "533-548",65 "source": "Crossref",66 "is-referenced-by-count": 149,67 "title": [68 "A Simple Search and Bargaining Model of Real Estate Markets"69 ],70 "prefix": "10.1111",71 "volume": "20",72 "author": [73 {74 "given": "Abdullah",75 "family": "Yavaş",76 "sequence": "first",77 "affiliation": [],78 "role": [79 {80 "vocabulary": "crossref",81 "role": "author"82 }83 ]84 }85 ],86 "member": "311",87 "published-online": {88 "date-parts": [89 [90 2003,91 9,92 2693 ]94 ]95 },96 "reference": [97 {98 "key": "e_1_2_1_2_1",99 "doi-asserted-by": "publisher",100 "DOI": "10.1007/BF00173119"101 },102 {103 "key": "e_1_2_1_3_1",104 "unstructured": 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"e_1_2_1_16_1",182 "doi-asserted-by": "publisher",183 "DOI": "10.1111/1540-6229.00366"184 },185 {186 "key": "e_1_2_1_17_1",187 "doi-asserted-by": "publisher",188 "DOI": "10.1016/1042-9573(92)90019-A"189 },190 {191 "key": "e_1_2_1_18_1",192 "unstructured": "Yavaş A..1992b.Intermediation as a Coordination Mechanism.ORER Working Paper No. 87 University of Illinois."193 },194 {195 "key": "e_1_2_1_19_1",196 "unstructured": "Yavaş A..1992c.Middlemen in Bilateral Search Markets.Mimeo University of Illinois."197 },198 {199 "key": "e_1_2_1_20_1",200 "unstructured": "Yavaş A..1993.Economics of Brokerage: An Overview.Mimeo Pennsylvania State University."201 },202 {203 "key": "e_1_2_1_21_1",204 "first-page": "591",205 "volume-title": "American Economic Review",206 "author": "Yinger J.",207 "year": "1981"208 }209 ],210 "container-title": [211 "Real Estate Economics"212 ],213 "language": "en",214 "link": [215 {216 "URL": 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