Introduction to Special Issue on the Economics
of Information in Real Estate Markets
Dean H. Gatzlaff
G. Stacy Sirmans
Published online: 9 November 2011
Springer Science+Business Media, LLC 2011
Abstract The articles featured in this issue are introduced, their relationships noted,
and their key points highlighted.
Keywords Information economics
Boom and bust conditions in the real estate and credit markets during the first decade
of the 2000s have raised important questions for researchers—most notably how
information asymmetries, investor behaviors, agent relationships and other similar
issues influence prices, investor decisions, and market operations. Stiglitz (2000)
argued that the “recognition that information is imperfect, that obtaining information
can be costly, that there are important asymmetries of information, and that the
extent of information asymmetries is affected by actions of firms and individuals”
may be of special importance in explaining economic phenomena that would
otherwise be difficult to understand.
Focused around the broadly defined theme of “The Economics of Information in
Real Estate Markets,” the Center for Real Estate Education & Research and the
DeVoe L. Moore Center, both at Florida State University, jointly hosted a research
forum in Tallahassee, FL to consider such issues.
Research on the topic involving
J Real Estate Finan Econ (2012) 44:1–6
The organizers recognize and express their gratitude to the Kislak Family Fund, Inc. which provided
financial assistance to support this symposium.
Guest Editors: Dean Gatzlaff and G. Stacy Sirmans
D. H. Gatzlaff (*)
G. S. Sirmans
Center for Real Estate Education & Research, College of Business, Florida State University,
Tallahassee, FL 32306-1110, USA
G. S. Sirmans