This research evaluated forecasting accuracy of hedonic price models based on a number of different submarket assumptions. Using home sale data for the City of Knoxville and vicinities merged with geographic information, we found that forecasting housing prices with submarkets defined using...

This paper investigates the associations between institution trust and public response to the COVID-19 outbreak. An Internet-based, cross-sectional survey was administered on January 29, 2020 to the epicenter Hubei province, China. A total of 4,393 adults who ≥18 years of age and residing or...

Chinese local officials have strong incentives to stimulate economic growth in the pursuit of promotion. However, the connection between promotion pressure of local officials and investment in the real estate market has not been rigorously explored. By using the panel data of local leaders...

It is widely recognized that African Americans have a higher level of mistrust towards the medical and health care sector, which results in insufficient utilization of public health services, low participation in clinical research, and vaccination hesitancy. While the Tuskegee Syphilis Study has...

In this paper we fit stochastic frontier production functions to data for Chinese farmsgrouped into each of four regions—North, Northeast, East, and Southwest—over 1995-1999.These frontier production functions are shown to have statistically different structures, and themarginal product...

We offer a new account for the well-documented empirical fact that people display inconsistent risk preferences. Our approach is to apply a theory of focusing (Kőszegi and Szeidl, 2013) to choice under risk. In our model, the decision maker may focus more on (and thus overweight) the upside or...

Using portfolios that are formed by directly sorting stocks based on their exposure to characteristics-based factors, earlier studies find that these beta-sorted portfolios have very large ex post factor beta spreads. However, the return spreads between high- and low-beta firms are typically...