Chain-formation in the owner-occupied housing market
A model was designed to simulate the slow build-up of housing chains of owner-occupied sales and purchases. The model, which was tested successfully on the UK housing price data, shows that the slow build-up is due to the longer time spent by owner-occupiers in housing market search than first-time buyers or new dwelling sellers do.
Publication Name: Economic Journal
The value of secondary school quality
Taking the school exam pass rates as the quality indicator, an application of hedonic price method is used for the evaluation of secondary schools. The society is willing to put on an increase in school quality by about five percentages; this would add about 450 pounds to the average dwelling price in the locality.
Publication Name: Oxford Bulletin of Economics & Statistics
The economics of dowry and brideprice
The prevalence and magnitude of marriage payments, its variation across countries, and timeframe and evolution are discussed. The effect of this practice on the welfare of women and the reasons for the decline of marriage payment are also explored.
Publication Name: Journal of Economic Perspectives
- Abstracts: In Fashion the Name Is the Game. The Economic Power Game. The Protection Game
- Abstracts: The Fisher information measure and testing market expectations. Asset specificity and the fear of exploitation
- Abstracts: The "stylised facts" of the UK business cycle: a reappraisal. On the minimum degree of returns to scale in sunspot models of the business cycle
- Abstracts: Productivity and imperfect competition: econometric estimation from panel-data of Italian firms. Property rights, productivity, and the nature of noncontractible action in a franchise system