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...