Shraon I. O'Donnell’s research while affiliated with Pennsylvania State University and other places

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Publications (1)


Point: "Competition and value-of-service pricing in the residential real estate brokerage market"
  • Article

February 1995

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26 Reads

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14 Citations

The Quarterly Review of Economics and Finance

Shraon I. O'Donnell

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In this comment we react to the paper by John R. Schroeter, entitled “Competition and Value-of-Service Pricing in the Residential Real Estate Brokerage Market”, which was published in the Spring, 1987 issue of the Quarterly Review of Economics and Business. This paper is cited as one of the few papers that argues that the uniformity of the commission rate that brokers charge, can be consistent with a market structure in which brokers have no market power. However, we show that the model Schroeter developed does not give a stable equilibrium, unless one of the principal assumptions of the model is violated.

Citations (1)


... Love et al. (2011) highlight lack of sense of coherence and burnout-a multidimensional syndrome revealed by professionals who are subjected to stress associated with direct interpersonal contact with clients, which may adversely influence productivity and service quality. Although not fully controlled by brokers, other factors are found in the literature, namely: broker supply of information, time considerations, intuition about prices, number of houses in the broker's listing pool, time-on-the-market effects, buyer's perception/cognition, level of education of the buyer, buyer's income, buyer's temperament, value of buyer's time, number of clients visited, ethical values, quality of information available, ownership type, continuing professional development, qualifications, etc. (for further discussion, see O'Donnell and Geurts 1995;Schroeter 1995;Rudolph 1998;Jung and Jo 2000;Rutherford et al. 2005;Nwogugu 2007;Love et al. 2011;Agboola et al. 2012;Farzanegan and Gholipour Fereidouni 2014). ...

Reference:

A learning-oriented decision-making process for real estate brokerage service evaluation
Point: "Competition and value-of-service pricing in the residential real estate brokerage market"
  • Citing Article
  • February 1995

The Quarterly Review of Economics and Finance