This paper studies the impact of the 2011 nationwide cooling measures on China's new home market. We estimate a structural model of household preference for housing, real estate developer's pricing decision and equilibrium market outcome using new home transaction data (during 2008-2017) in four...

This paper studies the impact of home purchase restrictions on China's housing market. We estimate a structural model of household preference for housing, real estate developers' pricing decisions, and equilibrium market outcome in five large cities. By comparing the estimation results from pre-...

For priority-based allocation of indivisible objects to agents with unit demand, when each object has exactly one copy, Abdulkadiroglu et al. (2019) show that the priority-based top trading cycles mechanism is justified envy minimal, in the sense that no strategy proof and Pareto efficient...