Do People Overreact? Evidence from the Housing Market After the Wenchuan Earthquake
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This paper uses the 2008 Wenchuan earthquake in China as a natural experiment to examine how the housing market reacted to this unforeseen, extreme event. We use a unique transaction dataset for new (under construction) apartment units to analyze the pricing behavior of units in lower versus upper
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美国国家经济研究局创建时间：
2013-10-01
