{"id":4452,"date":"2025-07-11T01:11:22","date_gmt":"2025-07-10T17:11:22","guid":{"rendered":"http:\/\/www.gssinst.org\/irer\/?p=4452"},"modified":"2025-11-29T02:00:30","modified_gmt":"2025-11-28T18:00:30","slug":"comparative-cheap-talk-evidence-from-the-housing-market","status":"publish","type":"post","link":"https:\/\/www.gssinst.org\/irer\/2025\/07\/11\/comparative-cheap-talk-evidence-from-the-housing-market\/","title":{"rendered":"Comparative Cheap Talk: Evidence from the Housing Market"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4452\" class=\"elementor elementor-4452\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6b084dbc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6b084dbc\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-47d15be8\" data-id=\"47d15be8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-73767d13 elementor-widget elementor-widget-text-editor\" data-id=\"73767d13\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\"><div class=\"article_label\">Article<\/div><p class=\"article_title\">Comparative Cheap Talk: Evidence from the Housing Market<\/p><div><p class=\"title_label_large\">Author<\/p><p class=\"title_label_large\">Start Page \/ End Page<\/p><p class=\"title_label\">Volume<\/p><p class=\"title_label\">Issue Number<\/p><p class=\"title_label\">Year<\/p><p class=\"title_label_large\">Publication<\/p><\/div><div><p><!-- Author \/ StartEndPage \/ Volume \/ IssueNumber \/ Year \/ Publication --><\/p><p class=\"title_text_large\">Lingxiao Li, Jia Xie<\/p><p class=\"title_text_large\">117 \/ 148<\/p><p class=\"title_text\">28<\/p><p class=\"title_text\">2<\/p><p class=\"title_text\">2025<\/p><p class=\"title_text_large\">International Real Estate Review<\/p><\/div><div class=\"empty\">\u00a0<\/div><p class=\"abstract_label\">Abstract<\/p><p>Using real estate transaction data, we provide the first empirical test of the comparative cheap talk model in Chakraborty and Harbaugh (2010), which predicts that a real estate agent can credibly reveal information of a house by making comparative statements that make the house more appealing in some areas but less along others. Consistent with the prediction, we find that comparative statements are associated with a 0.8% price premium, with all else being equal. The premium is larger for houses with more potential buyers, but switches sign and becomes a discount when there are too few buyers.<\/p><p>\u00a0<\/p><p><!-- PDF DownloadLink --><\/p><p class=\"download\"><a href=\"http:\/\/www.gssinst.org\/irer\/wp-content\/uploads\/2025\/07\/1-MS24112501-Comparative_Cheap_Talk-Xie_v.pdf\" target=\"_blank\"><strong>View PDF -https:\/\/doi.org\/10.53383\/100400<\/strong><\/a><\/p><div class=\"empty\">\u00a0<\/div><div>\u00a0<\/div><div><p class=\"abstract_label\">Keywords<\/p><p>Cheap talk, Comparative statement, Information asymmetry, House price<\/p><\/div><div>\u00a0<\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Article Comparative Cheap Talk: Evidence from the Housing Market Author Start Page \/ End Page Volume Issue Number Year Publication&hellip;<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"article-template.php","format":"standard","meta":[],"categories":[278,279,276],"tags":[],"_links":{"self":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts\/4452"}],"collection":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/comments?post=4452"}],"version-history":[{"count":8,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts\/4452\/revisions"}],"predecessor-version":[{"id":4599,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts\/4452\/revisions\/4599"}],"wp:attachment":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/media?parent=4452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/categories?post=4452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/tags?post=4452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}