Publications and Forthcoming Papers  

“Can Housing Booms Elevate Financing Costs of Financial Institutions?” with Shuoxun Zhang. Journal of Development Economics, 2024, 167 March, 103230 

“Securitization of Assets with Payment Delay Risk: A Financial Innovation in the Real Estate Market.” with Hao Zhang and Hongbiao Zhao. Journal of Futures Markets, 2023, 43(4), 480-515   

“Be Cautious in the Last Month: The Sunk Cost Fallacy Held by Car Insurance Policyholders.” International Economic Review, 2021, Vol. 62(3), 1199-1236.

“Does Capital Structure Differently Affect Incumbents’ Responses to Entry Threat and Actual Entry?” Journal of Economics & Management Strategy, 2019, Vol. 28(4), 585-613. (lead and featured article)

“Per-Customer Quantity Limit and Price Discrimination: Evidence from the U.S. Residential Mortgage Market.” International Journal of Industrial Organization, 2020, Vol. 70. (lead article in regular paper section)

“Momentum and Reversion to Fundamentals: Are They Captured by Households’ Subjective Expectations of House Prices?” Journal of Housing Economics, 2020, Vol. 49.

“Spatial Variation in Reverse Mortgages Usage: House Price Dynamics and Consumer Selection”, Journal of Real Estate Finance and Economics, 2016, 53(3), 392-417. with Donald Haurin, Wei Shi, Stephanie Moulton, Jason Seligman & Max Schmeiser

Working Papers  

“Can Housing Boom Elevate Financing Costs of Financial Institutions?” with Shuoxun Zhang (R&R at Journal of Development Economics)  
 

“Correlation in Mortgage Defaults.” with Hongbiao Zhao. (reject and resubmit at Journal of Banking and Finance)

“Estimating a Dynamic Discrete Choice Model with Partial Observability for Household Mortgage Default and Prepayment Behaviors.”  (2013 G.S. Maddala Prize in Econometrics)

“Asset Securitization and Firm Expansion in Product Markets.” (under review)

“House Price Expectations and Mortgage Default Decisions.” (under review)