WorldCat Identities

Xu, Yangfei

Overview
Works: 6 works in 6 publications in 1 language and 7 library holdings
Genres: Academic theses 
Roles: Author, Other
Publication Timeline
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Most widely held works by Yangfei Xu
House Age, Price and Rent: Implications from Land-Structure Decomposition by Yangfei Xu( )

1 edition published in 2017 in English and held by 2 WorldCat member libraries worldwide

'Black-White' Contracts in China's Housing Resales by Yanke Dai( )

1 edition published in 2018 in English and held by 1 WorldCat member library worldwide

While housing price is critical in both policy making and economic studies, official data can be disguised. This paper provides an overview of “black-white” contracts in China's housing resales and reveals how it mis-leads our understanding about the housing market. We also claim that “black-white” contracts convey information about the buyers' liquidity pressure, which can be hardly measured with traditional transaction data
The Rising Demand for Subway after Private Driving Restriction Evidence from Beijing's Housing Market by Yangfei Xu( )

1 edition published in 2019 in English and held by 1 WorldCat member library worldwide

This paper studies to what extent subway demand increased after the Beijing city government imposed restrictions on private driving in October, 2008. Utilizing a pseudo-repeat sale approach in a short sample period that includes 6 months before and after this exogenous shock, we mitigate the omitted variables problem, a common limitation in existing subway capitalization studies. We estimate the incremental effect of subway capitalization, and infer a 1.8 to 2.7 percentage point increase in people's willingness to pay for subway proximity, which is roughly 36% to 60% of the initial price premium for subway proximity. This increase is mainly due to the change in transportation mode following the driving restriction policy. We also find that the increase in demand for subway proximity exhibits significant spatial heterogeneity. Locations where subway travel time can better match that of car travel experience relatively higher housing price appreciation. Moreover, we find evidence that the increase in subway premium persists over time. Our estimation provides a basis for a sound cost-benefit analysis regarding how much and where the government should increase the supply of subway services after imposing restrictions on private driving
Design and simulation of a frequency synthesizer using a phase-locked loop by Yangfei Xu( )

1 edition published in 2000 in English and held by 1 WorldCat member library worldwide

House Age, Price and Rent Implications from Land-Structure Decomposition by Yangfei Xu( )

1 edition published in 2015 in English and held by 1 WorldCat member library worldwide

Big cities often witness land price outgrowing structure price. For such cities this paper derives two predictions regarding the dynamics between house price, rent and structure age. First, older houses have a higher price growth rate than younger ones, even after controlling for location and other attributes; second, the age depreciation of house price, defined as the decline of house price with respect to house age, is slower than the similarly-defined age depreciation of rent. These hypotheses are supported by the micro-data on housing market in Beijing. These two inferences have implications for both real estate valuation and house price index construction.#
House Age, Price and Rent Implications from Land-Structure Decomposition by Yangfei Xu( )

1 edition published in 2018 in English and held by 1 WorldCat member library worldwide

Big cities often witness land price outgrowing structure price. For such cities this paper derives two predictions regarding the dynamics between house prices, rent and structure age. First, older houses have a higher price growth rate than young ones, even after controlling for location and other attributes; second, the age depreciation of house price, defined as the decline of house price with respect to house age, is slower than the similarly-defined age depreciation of rent. These hypotheses are supported by the micro-data on housing market in Beijing. These two inferences have implications for both real estate valuation and house price index construction
 
Audience Level
0
Audience Level
1
  General Special  
Audience level: 0.92 (from 0.64 for House Age, ... to 0.97 for House Age, ...)

Alternative Names
Xu Yangfei

Yangfei, Xu

Languages