Tang, Yugang; Su, Zhihao; Hou, Yilin; Yin, Zhendong - 2023 - This version: November, 2023
residential parcels, and find significant price discounts on commercial parcels relative to adjacent residential parcels. The … reduce its transfer price. We conduct a structural estimation to examine the implications on land use structure of future … significant portion of the favorable treatment impact is mitigated by market price responses, suggesting that the land market …