The welfare effects of a subsidy to Multiple Listing Services |
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| Authors: | Martin Sefton Abdullah Yava§ |
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| Affiliation: | (1) Department of Econometrics and Social Statistics, University of Manchester, M13 9PL Manchester, England;(2) Smeal College of Business, Pennsylvania State University, 10003 University Park, PA |
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| Abstract: | We show that the gain in consumer surplus resulting from subsidizing a Multiple Listing Service may exceed the cost of the subsidy. Thus a subsidy financed by taxing the consumer may be Pareto-improving. We give general conditions for this to hold. |
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| Keywords: | Subsidy MLS welfare Pareto-improvement |
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