On the role of public price information in housing markets

摘要: Abstract This paper studies the impact of disclosing detailed house price information on functioning housing market. We first study effects increased market outcomes in a theoretical framework where sellers are uncertain about demand their faces. argue that is more valuable to who underestimate value than overestimate house. Because this asymmetry, leads higher prices. If also improves matching market, prices may be accompanied by shorter time In empirical part paper, we utilize Finnish policy intervention estimate these effects. 2007, website with individual transactions country was opened. Differences-in-Differences estimation results suggest past led and faster sales.