Do homeowners prefer living in an area with a more equal distribution of income? We answer this question by estimating a semi-parametric hedonic pricing model for about 90,000 housing units transacted in Hong Kong between 2005 and 2006. We first identify a hedonic price function by locally...

This paper identifies racial neighborhood effects at the transaction level. By matching two large micro-datasets (ZTRAX and HMDA) for the state of Virginia, we pin down the impact of a marginal change of racial composition in a neighborhood by looking at price impacts for transactions that...

Do homeowners prefer living in an area with a more equal distribution of income? We answer this question by estimating a semi-parametric hedonic pricing model for about 90,000 housing units transacted in Hong Kong between 2005 and 2006. We first identify a hedonic price function by locally...

Short-term rentals, where tourists stay at private residences, have become ubiquitous over the past decade. Many communities are divided over the tradeoffs between a property owner's rights and nuisance problems created by transient populations in residential neighborhoods. This paper...