Family ties and kinship networks play an important role in sharing risk under unanticipated shocks, especially under insufficient social security. In this paper, we use panel data based on a massive household survey to examine the risk-sharing networks and their heterogeneous impacts on...

In this paper, we study consumer search in a housing market subject to objective frictions induced by intermediaries and psychological frictions intrinsic to in tenants themselves. Using rental data from a leading real estate brokerage company during 2016 and 2018, we find a unimodal...

In this paper, we consider a housing market subject to objective and psychological search frictions. Using rental data from a leading real estate brokerage company during 2016 and 2018, we find a normal distribution of objective frictions and a bimodal distribution of subjective frictions, which...

This paper studies whether (and how) corporate decisions are affected by internal factors (such as the financial conditions of own company) and external factors (such as the actions of local competitors) in an imperfectly competitive environment. We study the listed real estate developers in...

This paper investigates the relationship between political connections and corporate borrowing behavior using the listed real estate development firms in China from 2001 to 2014. Evidence from China is of particular importance due to China being the world's largest emerging and transition...

It is important to investigate the correlation between housing price and household consumption to gain an understanding of the behavior of the economy and effectively handle the consequences of economic development. In the last two decades, the accumulation of housing wealth by Chinese...