This paper estimates the value of urban trees. The empirical strategy exploits an ecological catastrophe -- the Emerald Ash Borer (EAB) infestation in Toronto to isolate exogenous variation in neighborhood tree canopy changes. Adding one tree to a postcode increases property prices by 0.40%; the...

This paper employs data from the National Association of Realtors to analyze the time series and cross sectional patterns of bidding wars for houses. The paper generates a number of novel stylized facts. Bidding wars – where multiple buyers compete for a house and push its sales price above...

Within the context of a transition economy, this paper estimates how improved access to employment centers is capitalized into house price. We conduct an event study for the opening of subway Line 6 in Pudong district, Shanghai, China. The new line significantly reduces the commuting time to...