Education
Ph.D., Stanford University
M.A., University of California at Davis
B.A., Nanjing University, P. R. China
Research
Recent Publication
The Effects of Price Uncertainty on Housing Demand: Empirical Evidence from the U.S. Markets, Review of Financial Studies (forthcoming)
Hedging House Price Risk in the Presence of Lumpy Transaction Cost, Journal of Urban Economics (64), February 2008, 270-287
Working Paper
Testing Cost Inefficiency under Free Entry in the Real Estate Brokerage Industry (with Seung-Hyun Hong)(Revised and resubmit at Journal of Business and Economics Statistics)Search and Matching in the Housing Market (with David Genesove)
The Risk-Return Relation in Housing Markets: Financial Risk versus Consumption Insurance
Work-in-Progress
- Search and Bidding: Evidence from Toronto Housing Markets (with David Genesove)
- Housing Bubbles: A Spatial Approach (with David Genesove)
- Competition and Compensation in the Real Estate Brokerage (with David Genesove)
Teaching
MGT 414H1S: Business of Real Estate
MGT 482H1S: Market Strategies
MGT 416H1S: Real Estate Markets
MGT 2116: Real Estate Investment
Awards
2009 Excellence in Teaching, Rotman School of Management, University of Toronto
2008 Excellence in Teaching, Rotman School of Management, University of Toronto
2008 Best Paper Award at the 13th Asian Real Estate Society Annual Meeting and International Conference
2006 Best Dissertation Award, Homer Hoyt Institute and American Real Estate and Urban Economics Association
2005-present Petro-Canada Junior Professorship
2004-2005 Kapnick Fellow, Dissertation Fellowship, Stanford Institute of Economic Policy Research