ERIC Number: ED170391
Record Type: RIE
Publication Date: 1978-Feb
Reference Count: N/A
Economic Incentives, Institutions, and Racial Discrimination: The Case of Real Estate Brokers. Discussion Paper D78-4.
This paper examines the economic incentives and institutions that support racial discrimination by real estate brokers. The economic incentives are derived from a search model of broker behavior in which a broker searches for buyers and listings (i.e., sellers who will sell through him) and then attempts to match buyers with his listings. This model is complemented by an analysis of the basic real estate institutions. Both the search model and the institutional analysis are extended to the case of multiple listing services. Finally, the paper shows how these incentives and institutions support racial discrimination by brokers and derives some lessons for the design of anti-discrimination legislation. (Author)
Descriptors: Economic Factors, Housing Discrimination, Housing Opportunities, Racial Discrimination, Real Estate, Real Estate Occupations, Residential Patterns, Social Bias, Social Science Research
CRP Publications, Department of City and Regional Planning, Harvard University, Gund Hall 311, Cambridge, Massachusetts 02138 ($2.50)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Harvard Univ., Cambridge, MA. Dept. of City and Regional Planning.