In hedonic housing price modeling, real estate researchers and practitioners are often not completely ignorant about the parameters to be estimated. Experience and expertise usually provide them with tacit understanding of the likely values of the true parameters. Under this scenario, the...

This paper explores the effects of home-sharing platforms in general and Airbnb in particular on long-term rents at a neighborhood level. Using consumer-facing Airbnb data from ten neighborhoods located within large metropolitan areas in the U.S. between 2013-2017, as well as rental data from...

Urban land reform in China aims to build an efficient land market. However, it has led to a dual land supply system that consists of both market-based leasing and administrative allocation. In recent years, the control by local municipal government over land supply has strengthened...

The rapid urbanisation in Chinese cities features a distinctive land finance model, where land market, local economy, government revenue, and urban development are intertwined. Quantifying the interdependence between land market and other parts of the social, economic, and political systems has...

This paper explores the effects of home-sharing platforms in general and Airbnb in particular on rental rates at a neighbourhood level. Using consumer-facing Airbnb data from ten neighbourhoods located within large metropolitan areas in the U.S. between 2013-2017, as well as rental data from the...

Overconfidence is one of the most robust behavioral anomalies in financial markets. By attributing investment gains to their ability, investors become overconfident and trade aggressively in subsequent periods. Evidence from stock markets shows that overconfidence leads to excessive trading and,...