This paper investigates the relationship between the three forms of social capital, i.e., social norms, social network, and trust, on the effectiveness of land use policies. Both long-term and short-term policy outcomes are considered in the proposed analytical framework. Benefiting from a...

This study is a response to the call for further research on infrastructure financing from China in the 2019 special issue of Urban Studies on “Funding, Financing and Governing Urban Infrastructures”. We develop a theoretical model to investigate the complex relationship between local...

We use the reclassification of the real estate stocks in the S&P 500 from the Financials sector as a natural experiment to test the co-existence of both market force and behavioural biases. By performing event studies on REITs included in S&P 400, S&P 500, and S&P 600 indices on both the...

The residential property market is characterized with cyclical price movements and long development lead-time. Developers are faced with challenging decisions such as the optimal timing and density of their projects in order to ride the boom-bust cycles. The increasingly important role of market...

Local governments practice infrastructure development as a strategy to attract private investment and promote local economic growth in China. This paper investigates how private sectors react to new infrastructure investment by emphasising private investment in land. Our theoretical model shows...