. The empirical section reveals the enlarged gap between the real price and the contract price in “Yin-and-Yang” contracts … liquidity pressure to buyers and thus may crowd out poor families and enlarge inequality. Second, the further reduced contract …

document that 42% of appraisals are at or near the contract value, while only 7.5% are below the contract. We develop an RC …

The recent surge in property values in China has been similar to the surge in the U.S before the crash in 2007. This … raises concerns about whether China is destined to have a crash as well. We estimate similar models of property values for … reverting, without momentum. This suggests that the recent price rise in China has had more to do with scarcity than with …

The sharp rise of house prices in China's Tier-1 cities has fostered a great deal of commentary about the possibility … of bubbles forming there. However, China's unique housing market characteristics make it difficult to assess the … infrastructure to help China withstand the impact of falling prices, should this occur …

China due to flight route changes. I find a large positive house price impact. Consistent with investment q-theory, rents …

China has weathered the global financial turmoil in much better shape than most other countries, including the United …. China has certainly experienced extraordinary growth in the housing market during the past decade, which has been …