Because landlords assume all of the operating expense risk, rents for gross leases exceed those for net leases. The markup, or spread, for gross leases varies between properties and across markets. Specifically, the markup is expected to increase with the cost of real estate services at the...

Nonlocal investors purchase and sell investment property in a distant metropolitan area. In this study, we identify capital value underperformance for nonlocal investors on both sides of the transaction, when they purchase and when they sell. The commercial real estate transactions data include...

With the rapid growth of E-logistics in the global logistics industry, it is important to get insight into E-logistics system in Chinese logistics industry. Regarding the current situation of E-logistics of Chinese logistics industry, there are still many problems to be concerned and resolved....

As an important policy instrument for climate mitigation, the carbon tax policy design and its consequent social-economic impact calls for more research. In this paper, a dynamic Computable General Equilibrium (CGE) model – CASIPM-GE model is applied to explore the impact of a carbon tax and...

We provide the first comprehensive and robust evidence on the relationship between board independence and firm performance in China. We find that independent directors have an overall positive effect on firm operating performance in China. Our findings are robust to a battery of tests, including...

With global climate changing, urban microclimate is deteriorating at a faster rate than before in many cities. In this paper, the significant effect of the deterioration of urban microclimate on air-conditioning energy consumption (ACEC) is studied. Cumulative effect (CE) has enormous influence...

We investigate whether nonlocal buyers of real estate pay different prices for similar assets as compared to local buyers. An efficient real estate market would operate against this but empirical studies leave the question unresolved. While some studies fail to detect or confirm price...

This paper provides a new perspective on human motion with an investigation of whether and how patterns of human mobility inside cities are affected by two urban morphological characteristics: compactness and size. Mobile phone data have been collected in eight cities in Northeast China and used...

Non-point source pollution arises from fertilizer application in China. This paper empirical test the major factors which affect fertilizer application amount using econometric models and micro-level data from Jianghan plain in Hubei province by year 2006. The results demonstrate that...