Working Papers:
Publications:
replication data and code (complete replication package is here)
- To Own or To Rent? The Effects of Transaction Taxes on Housing Markets (with Rachel Ngai & Kevin Sheedy)
- Cash is King? Understanding Financing Risk from Housing Markets (with Seung-Hyun Hong)
- Production Complementarities in Asset Management (with Galit Ben Naim and Stanislav Sokolinski)
- Cool Cities: The Value of Urban Trees (with Stephan Heblich, Chris Timmins & Yanos Zylberberg)
- Measuring the Thinness of Real Estate Markets (with David Genesove)
- Employment Networks in the Professions (with Robert Miller)
Publications:
- The Microgeography of Housing Supply (with Nate Baum-Snow) Journal of Political Economy (accepted)
replication data and code (complete replication package is here)
- The Effects of A Targeted Financial Constraint on the Housing Market (with Ben Sand, Chandler Lutz and Derek Stacey) Review of Financial Studies 2021, 34(8), 3742–3788.
- Housing Price and Fundamentals in A Transition Economy -- the Case of the Beijing Market (with Bing Han and Guozhong Zhu) International Economic Review 2018 59(3),1653-1677.
- The Effects of a Subway on House Price: Evidence from Shanghai (with Zhengyi Zhou, Hong Chen and Anming Zhang) Real Estate Economics, 2019
- Understanding In-House Transactions in the Real Estate Brokerage Industry (with Seung Hyun Hong), Rand Journal of Economics, 2016 47(4),1057-1086.
- What is the Role of the Asking Price for a House? (with Will Strange), Journal of Urban Economics, 2016, 93, 115-130.
- The Microstructure of Housing Markets: Search, Bargaining, and Brokerage (with Will Strange) in Duranton, Henderson, and Strange (eds), Handbook of Regional and Urban Economics, 2015.
- Bidding Wars for Houses (with Will Strange), Real Estate Economics, 2014, 41(3). (Mill’s Prize for the Best Paper in Real Estate Economics)
- Understanding the Puzzling Risk-Return Relationship for Housing, Review of Financial Studies, 2013 26(4), 877-928.
- A Spatial Look at Housing Boom and Bust Cycles (with David Genesove), 2013, in Glaeser and Sinai (eds.), Housing Markets and the Financial Crisis, University of Chicago Press.
- Search and Matching in the Housing Markets (with David Genesove), Journal of Urban Economics, 2012, 72, 31-45.
- Testing Cost Inefficiency under Free Entry in the Real Estate Brokerage Industry (with Seung Hyun Hong), Journal of Business and Economic Statistics, 2011, 29(4), 564-578.
- The Effects of House Price Uncertainty on the Life-Cycle Housing Demand, Review of Financial Studies, 2010, 23, (lead article), 3889-3928.
- Hedging House Price Risk in the Presence of Lumpy Transaction Costs, Journal of Urban Economics, 2008, 64, 270-287.
