1{2 "indexed": {3 "date-parts": [4 [5 2026,6 9,7 248 ]9 ],10 "date-time": "2026-09-24T15:40:56Z",11 "timestamp": 1790264456052,12 "version": "4.1.0"13 },14 "reference-count": 41,15 "publisher": "Wiley",16 "issue": "1",17 "license": [18 {19 "start": {20 "date-parts": [21 [22 2013,23 7,24 1925 ]26 ],27 "date-time": "2013-07-19T00:00:00Z",28 "timestamp": 137419200000029 },30 "content-version": "vor",31 "delay-in-days": 0,32 "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 2014,46 347 ]48 ]49 },50 "abstract": "<jats:p>This article analyzes the time series and cross\u2010sectional patterns of bidding wars for houses. Bidding wars were once rare, a fairly constant 3\u20134% of transactions. This led to treating list price as a ceiling in empirical and theoretical research on housing. The bidding war share roughly tripled between 1995 and 2005, rising to more than 30% in some markets. The share fell during the subsequent bust, but it remains approximately twice as high as previously. The article shows bidding war incidence to be greater during macroeconomic and housing booms. The article also considers other potential contributing factors, including buyer irrationality, the use of the Internet in home purchases and land use regulation.</jats:p>",51 "DOI": "10.1111/reec.12015",52 "type": "journal-article",53 "created": {54 "date-parts": [55 [56 2013,57 7,58 1959 ]60 ],61 "date-time": "2013-07-19T05:14:27Z",62 "timestamp": 137421086700063 },64 "page": "1-32",65 "source": "Crossref",66 "is-referenced-by-count": 76,67 "title": [68 "Bidding Wars for Houses"69 ],70 "prefix": "10.1111",71 "volume": "42",72 "author": [73 {74 "given": "Lu",75 "family": "Han",76 "sequence": "first",77 "affiliation": [78 {79 "name": "Rotman School of Management, University of Toronto Toronto ON M5S 3E6 Canada"80 }81 ],82 "role": [83 {84 "vocabulary": "crossref",85 "role": "author"86 }87 ]88 },89 {90 "given": "William C.",91 "family": "Strange",92 "sequence": "additional",93 "affiliation": [94 {95 "name": "Rotman School of Management, University of Toronto Toronto ON M5S 3E6 Canada"96 }97 ],98 "role": [99 {100 "vocabulary": "crossref",101 "role": "author"102 }103 ]104 }105 ],106 "member": "311",107 "published-online": {108 "date-parts": [109 [110 2013,111 7,112 19113 ]114 ]115 },116 "reference": [117 {118 "key": "e_1_2_10_2_1",119 "first-page": "1",120 "article-title": "Bypassing the Bust: The Stability of Upstate New York's Housing Markets during the Recession",121 "volume": "16",122 "author": "Abel J.",123 "year": "2010",124 "journal-title": "Current Issues in Economics and Finance"125 },126 {127 "key": "e_1_2_10_3_1",128 "unstructured": "Albrecht J. P.GautierandS.Vroman.2012.Directed Search in the Housing Market. IZA Discussion Paper No. 4671 Institute for the Study of Labor (IZA)."129 },130 {131 "key": "e_1_2_10_4_1",132 "doi-asserted-by": "publisher",133 "DOI": "10.1007/BF00173119"134 },135 {136 "key": "e_1_2_10_5_1",137 "doi-asserted-by": "publisher",138 "DOI": "10.1023/A:1021526332732"139 },140 {141 "key": "e_1_2_10_6_1",142 "doi-asserted-by": "publisher",143 "DOI": "10.1111/1540-6229.00573"144 },145 {146 "key": "e_1_2_10_7_1",147 "doi-asserted-by": "publisher",148 "DOI": "10.1111/1540-6229.00780"149 },150 {151 "issue": "2",152 "key": "e_1_2_10_8_1",153 "first-page": "501",154 "article-title": "Testing for Price Anomalies in Real\u2010Estate Auctions",155 "volume": "82",156 "author": "Ashenfelter O.",157 "year": "1992",158 "journal-title": "The American Economic Review"159 },160 {161 "key": "e_1_2_10_9_1",162 "doi-asserted-by": "crossref",163 "unstructured": "Bucchianieri G.W.andJ.A.Minson.2011.Listing Behaviors and Housing Market Outcomes. Working Paper. The Wharton School University of Pennsylvania.",164 "DOI": "10.2139/ssrn.1877203"165 },166 {167 "key": "e_1_2_10_10_1",168 "doi-asserted-by": "publisher",169 "DOI": "10.1111/j.1468-2354.2011.00677.x"170 },171 {172 "key": "e_1_2_10_11_1",173 "doi-asserted-by": "publisher",174 "DOI": "10.1111/reec.12003"175 },176 {177 "key": "e_1_2_10_12_1",178 "doi-asserted-by": "publisher",179 "DOI": "10.1353/eca.2004.0004"180 },181 {182 "key": "e_1_2_10_13_1",183 "doi-asserted-by": "publisher",184 "DOI": "10.2307/2555923"185 },186 {187 "key": "e_1_2_10_14_1",188 "doi-asserted-by": "publisher",189 "DOI": "10.2307/1885060"190 },191 {192 "key": "e_1_2_10_15_1",193 "doi-asserted-by": "publisher",194 "DOI": "10.2307/2297271"195 },196 {197 "key": "e_1_2_10_16_1",198 "doi-asserted-by": "publisher",199 "DOI": "10.1111/1540-6229.00537"200 },201 {202 "key": "e_1_2_10_17_1",203 "doi-asserted-by": "publisher",204 "DOI": "10.1016/j.jue.2012.01.002"205 },206 {207 "key": "e_1_2_10_18_1",208 "doi-asserted-by": "publisher",209 "DOI": "10.1016/j.jue.2008.07.007"210 },211 {212 "key": "e_1_2_10_19_1",213 "doi-asserted-by": "publisher",214 "DOI": "10.1086/429979"215 },216 {217 "key": "e_1_2_10_20_1",218 "doi-asserted-by": "publisher",219 "DOI": "10.1111/1540-6229.00763"220 },221 {222 "key": "e_1_2_10_21_1",223 "doi-asserted-by": "publisher",224 "DOI": "10.1086/261778"225 },226 {227 "key": "e_1_2_10_22_1",228 "doi-asserted-by": "publisher",229 "DOI": "10.1177/0042098007087341"230 },231 {232 "key": "e_1_2_10_23_1",233 "doi-asserted-by": "publisher",234 "DOI": "10.1111/1540-6229.00463"235 },236 {237 "key": "e_1_2_10_24_1",238 "doi-asserted-by": "publisher",239 "DOI": "10.1111/j.1540-6229.2010.00279.x"240 },241 {242 "key": "e_1_2_10_25_1",243 "doi-asserted-by": "publisher",244 "DOI": "10.1111/1540-6229.00038"245 },246 {247 "key": "e_1_2_10_26_1",248 "doi-asserted-by": "publisher",249 "DOI": "10.1257/aer.101.2.749"250 },251 {252 "key": "e_1_2_10_27_1",253 "doi-asserted-by": "publisher",254 "DOI": "10.1162/rest.90.4.599"255 },256 {257 "key": "e_1_2_10_28_1",258 "doi-asserted-by": "publisher",259 "DOI": "10.1111/1540-6229.00702"260 },261 {262 "key": "e_1_2_10_29_1",263 "doi-asserted-by": "publisher",264 "DOI": "10.1111/1540-6229.00737"265 },266 {267 "key": "e_1_2_10_30_1",268 "doi-asserted-by": "publisher",269 "DOI": "10.1016/j.jue.2004.05.004"270 },271 {272 "key": "e_1_2_10_31_1",273 "doi-asserted-by": "publisher",274 "DOI": "10.1162/qjec.2009.124.4.1449"275 },276 {277 "key": "e_1_2_10_32_1",278 "doi-asserted-by": "publisher",279 "DOI": "10.2307/2297896"280 },281 {282 "key": "e_1_2_10_33_1",283 "doi-asserted-by": "publisher",284 "DOI": "10.1111/j.1540-6229.2009.00232.x"285 },286 {287 "key": "e_1_2_10_34_1",288 "volume-title": "Equilibrium Unemployment Theory",289 "author": "Pissarides C.",290 "year": "2000"291 },292 {293 "key": "e_1_2_10_35_1",294 "doi-asserted-by": "publisher",295 "DOI": "10.1111/1540-6229.00043"296 },297 {298 "key": "e_1_2_10_36_1",299 "doi-asserted-by": "publisher",300 "DOI": "10.1016/j.jfineco.2004.06.006"301 },302 {303 "key": "e_1_2_10_37_1",304 "doi-asserted-by": "publisher",305 "DOI": "10.2307/1928319"306 },307 {308 "key": "e_1_2_10_38_1",309 "doi-asserted-by": "publisher",310 "DOI": "10.1016/0022-0531(74)90068-4"311 },312 {313 "key": "e_1_2_10_39_1",314 "doi-asserted-by": "publisher",315 "DOI": "10.1086/261734"316 },317 {318 "key": "e_1_2_10_40_1",319 "doi-asserted-by": "publisher",320 "DOI": "10.1111/1540-6229.00668"321 },322 {323 "key": "e_1_2_10_41_1",324 "first-page": "591",325 "article-title": "A Search Model of Real Estate Broker Behavior",326 "volume": "71",327 "author": "Yinger J.",328 "year": "1981",329 "journal-title": "American Economic Review"330 },331 {332 "key": "e_1_2_10_42_1",333 "doi-asserted-by": "publisher",334 "DOI": "10.2307/1935966"335 }336 ],337 "container-title": [338 "Real Estate Economics"339 ],340 "language": "en",341 "link": [342 {343 "URL": "https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Freec.12015",344 "content-type": "unspecified",345 "content-version": "vor",346 "intended-application": "text-mining"347 },348 {349 "URL": "https://onlinelibrary.wiley.com/doi/pdf/10.1111/reec.12015",350 "content-type": "unspecified",351 "content-version": "vor",352 "intended-application": "similarity-checking"353 }354 ],355 "deposited": {356 "date-parts": [357 [358 2023,359 9,360 29361 ]362 ],363 "date-time": "2023-09-29T16:47:46Z",364 "timestamp": 1696006066000365 },366 "score": 77.23026,367 "resource": {368 "primary": {369 "URL": "https://onlinelibrary.wiley.com/doi/10.1111/reec.12015"370 }371 },372 "issued": {373 "date-parts": [374 [375 2013,376 7,377 19378 ]379 ]380 },381 "references-count": 41,382 "journal-issue": {383 "issue": "1",384 "published-print": {385 "date-parts": [386 [387 2014,388 3389 ]390 ]391 }392 },393 "alternative-id": [394 "10.1111/reec.12015"395 ],396 "URL": "https://doi.org/10.1111/reec.12015",397 "archive": [398 "Portico"399 ],400 "ISSN": [401 "1080-8620",402 "1540-6229"403 ],404 "issn-type": [405 {406 "value": "1080-8620",407 "type": "print"408 },409 {410 "value": "1540-6229",411 "type": "electronic"412 }413 ],414 "published": {415 "date-parts": [416 [417 2013,418 7,419 19420 ]421 ]422 }423}