Most existing house price index construction methods are developed manly based on transaction data from the secondary housing markets, and are not necessarily suitable for the nascent housing markets where a predominant portion of housing transactions are new units. Using the booming market in...

This paper estimates the monetary value of cutting PM2.5, a dominant source of air pollution in China. By matching hedonic happiness in a nationally representative survey with daily air quality data according to exact dates and locations of interviews in China, we are able to estimate the...