research overview
- My research focuses on the markets for real assets such as housing, commercial real estate, and art. A substantial part of my recent work is concerned with analyzing differences in investment decisions and outcomes between different types of participants in these markets. I have also studied the long-run price dynamics in both real estate and collectibles markets, and the drawbacks of standard price index construction methods. Next, I am interested in possible biases in the valuations that intermediaries such as auction houses provide to buyers and sellers. Finally, I have ongoing work on household financial decision-making that relates to important policy issues, such as the determinants of mortgage refinancing, the drivers of electric vehicle adoption, and the capitalization of air quality and energy efficiency into house prices.
