英文摘要 |
This study utilizes the two-stage Data Envelopment Analysis (DEA) method to explore the impact of market information opening on searching efficiency, and some factors influencing full market information opening on searching efficiency in the real estate market. In the first stage, we estimate the full information indices based on the output-oriented CCR model, and 95% confidence intervals of these indices were constructed to justify that full market information opening can increase searching efficiency for house buyers. In the second stage, the symmetrically-trimmed least squares (STLS) model was used to investigate factors influencing the searching efficiency due to full market information opening. The empirical results show that personal characteristics (such as age, sex, education, household monthly income), purpose of house purchase, perceived risks, financial and time pressure, and search channels (such as the number of channels and face-to-face sales) are significant factors influencing the searching efficiency due to full market information opening. The study makes a contribution to housing policy in terms of verifying the importance of full market information opening in the real estate market, and providing information for the providers of housing information services to find their niche markets. |