Trust premium in the second-hand housing market: evidence from | ResearchBunny

Index

Abstract

This study investigates the impact of trust on second-hand housing transactions in China. Using data from 17 cities, the study matches traders' birthplaces with a trust survey to measure trust levels. Empirical results show a significant positive correlation between trust and negotiation rate, with buyers capturing a trust premium. The study also examines moderating factors such as 'youth capital' and the substitution effect of local advantage, as well as gender differences. The findings have implications for understanding trust premiums in housing transactions and for policy regarding social credit systems.

Publisher

HUMANITIES AND SOCIAL SCIENCES COMMUNICATIONS

Published On

Aug 10, 2023

Authors

Fang Zhang, Hang Zhang, Yun Zhang

Related Publications

Explore these studies to deepen your understanding of the subject.

Economics

Assessing the extent and persistence of major crisis events in the crude oil market and economy: evidence from the past 30 years

Q. Zhang, Y. Hu, et al.

Economics

How does the self-sufficiency rate affect international price volatility transmissions in the wheat sector? Evidence from wheat-exporting countries

T. Tanaka and J. Guo

Economics

The impact of external shocks on volatility persistence and market efficiency of the foreign exchange rate regime: evidence from Malawi

J. P. Chunga and P. Yu

Transportation

The factors affecting people's willingness in participating in and paying for upgrading their seats from the economy class to the premium class

C. Kuo, R. Jou, et al.

Listen, Learn & Level Up

Over 10,000 hours of research content in 25+ fields, available in 12+ languages.

No more digging through PDFs—just hit play and absorb the world's latest research in your language, on your time.

listen to research audio papers with researchbunny