Newspaper text has become one of the critical data sources for measuring economic policy uncertainty. In some cases, newspaper discussions of policy uncertainty are expressed in subtle and implied ways. Hence, it is necessary to mimic market practitioners to process and identify perceived,...

Accurate measurements of economic policy uncertainty (EPU) are essential for understanding and predicting economic dynamics. In this study, we use text convolution network, an advanced natural language processing method, to develop an innovative monthly index of EPU. It is explored that this...

This paper investigates how intermediaries with information advantages divert consumer search in rental markets and lead to inefficient outcomes. Using unique data on tenants’ initial preferences and property-visit records, we find that intermediaries deliberately prioritize the exhibition of...

In this paper, we study consumer search in a housing market subject to objective frictions induced by intermediaries and psychological frictions intrinsic to in tenants themselves. Using rental data from a leading real estate brokerage company during 2016 and 2018, we find a unimodal...

This paper studies whether (and how) corporate decisions are affected by internal factors (such as the financial conditions of own company) and external factors (such as the actions of local competitors) in an imperfectly competitive environment. We study the listed real estate developers in...