Talk:Real estate economics
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[edit] The Land Question
It seems as though the valuation of land vs the value of improvements question, (land and capital being different things) is missing?
For example,
Somers, William A., orig. 1901. The Valuation of Real Estate for the Purpose of Taxation. St. Paul, Minn.: orig. W.A. Somers; later eds. by Rich and Clymer.
H. L. Lutz The Somers System of Realty Valuation, The Quarterly Journal of Economics, Vol. 25, No. 1 (Nov., 1910), pp. 172-181
The Science and Practice of Urban Land Valuation by W. W. Pollock, K. W. H. Scholz Review author[s]: Arthur J. Mertzke The Journal of Land & Public Utility Economics, Vol. 4, No. 1 (Feb., 1928)
[edit] Disintermediation
Is this the page where we should encyclopedically summarize the economic theory aspects of disintermediation in the Real Estate industry? I would think so, and am somewhat surprised to find nothing of the phenomeon already in the article. Or is it elsewhere in Wikipedia? Do any of the economists who read this have new/recently published articles on the trend? N2e 23:27, 13 October 2006 (UTC)
[edit] Sample journal articles from the economics literature
I just did a quickie search on Google Scholar. Here's some info on three journal articles with the most citations (30 to 50). There are many others. N2e 23:27, 13 October 2006 (UTC)
- Investigating the interplay between structure and information and communications technology in the real estate industry
Authors: Kevin Crowston, Steve Sawyer, Rolf Wigand Journal: Information Technology & People ISSN: 0959-3845 Year: Jun 2001 Volume: 14 Issue: 2 Page: 163 - 183 Publisher: MCB UP Ltd
Abstract: Information and communication technologies (ICTs) are reshaping many industries, often by reshaping how information is shared. However, while the effects and uses of ICT are often associated with organizations (and industries), their use occurs at the individual level. To explore the relationships between individual uses of ICT and changes to organization and industry structures, we examined the residential real estate industry. As agents, buyers and sellers increase their uses of ICT, they also change how they approach their daily work. The increasing uses of ICT are simultaneously altering industry structures by subverting some of the realtors’ control over information while also reinforcing the existing contract-based structures. This structurational perspective and our findings help to explain why information intermediaries persist when technology-based perspectives would suggest their disappearance.
- Strategies for Internet Middlemen in the Intermediation/Disintermediation/Reintermediation Cycle
Publisher: Routledge, part of the Taylor & Francis Group
Issue: Volume 9, Numbers 1-2 / April 1, 1999
Pages: 109 - 117
URL: Linking Options
DOI: 10.1080/101967899359337
Alina M. Chircu, Robert J. Kauffman
Abstract: The emergence of new technologies for electronic commerce on the Internet makes possible different ways of interacting for all the players in a market. This transformation of the traditional market interaction can be understood in terms of an intermediation, disintermediation and reintermediation (IDR) cycle. By looking at a series of minicases of the IDR cycle in various industries, we are able to identify four major competitive strategies firms use in the IDR cycle: partnering for access, technology licensing, partnering for content, and partnering for application development. We then analyze the conditions under which these strategies help a firm to achieve sustainable competitive advantage in its marketplace. Our analysis reveals that each strategy requires a different combination of firm capabilities and environmental conditions. As a result, these middlemen should not rely on technological innovation alone if they want to be successful in the marketplace.
- Real Estate War in Cyberspace: An Emerging Electronic Market?
Kevin Crowston and Rolf T. Wigand
School of Information Studies Syracuse University 4–206 Center for Science and Technology Syracuse, NY 13244–4100, USA
Abstract: In this paper, we explore how electronic commerce, the World-Wide Web in particular, is affecting the real estate industry. Real estate is a promising setting for studying electronic commerce because it is an information-intensive and informationdriven industry; transaction-based, with high value and asset-specificity; with many market-intermediaries (agents and brokers who connect buyers and sellers rather than buying or selling themselves); and experiencing on-going information technology (IT) related changes. We analyze a real estate transaction to suggest where IT might change the process of buying or selling a house and discuss several current ventures in this area. This analysis suggests that Web-based commerce is eroding the long-enjoyed information monopoly of real-estate agents and electronic commerce applications have the potential to drastically change current practices in the real-estate industry, including the disintermediation of agents. xyz
[edit] 'See also' reversion
I just reinstuted a link from the See also section to the article Short sale (real estate), which had been reverted by an editor, assumed with good intent. No rationale for the previous reversion was offered. If there is some reason I cannot see that this link should not be in the article, let's discuss it here on the talk page. N2e (talk) 18:06, 8 March 2008 (UTC)
