辽宁大学经济学前沿高端讲座第八十四讲

No Less Than My Neighbor’s House Price: Reference Prices During Homeownership

 

主讲人：LIEN, Jaimie Wei-hung 教授（山东大学）

主持人：谢明佳 助理教授（辽宁大学李安民经济研究院）

嘉宾介绍：王丹丹 助理教授（辽宁大学李安民经济研究院）

时间：2025年5月16日（周五） 14:30 – 16:00（北京时间）

地点：辽宁大学崇山校区五洲园一楼会议室

线上地址：腾讯会议846-7809-5157

语言：中文/英文

摘要：Prior studies on reference-dependence in the housing market have not considered transactions of neighboring properties as a potential reference point. We analyze administrative housing transactions data and show that both the seller’s original purchase price and the recent neighborhood selling prices are empirically valid reference points, controlling for market conditions. However, as the number of holding years of a property unit increases, the influence of the original purchase price as a reference point wanes, while the recent neighborhood transaction price becomes more influential. Thus, for longer holding periods, similar neighboring properties are better predictors of pricing under reference-dependence. 

主讲人简介：Jaimie W. Lien is University Distinguished Professor at Shandong University, and Co-Director for the Center for Research on Experimental and Theoretical Economics (CREATE). Dr. Lien received her B.A in Economics and Mathematics from Wellesley College, M.A. and Ph.D. in Economics from University of California, San Diego. She is an Associate Editor for International Journal of Finance and Economics, Scientific Reports and North American Journal of Economics and Finance.

Her main research fields are behavioral economics, experimental economics and applied microeconomics. She has published about 30 research papers in journals including Nature Communications, Proceedings of the National Academy of Sciences, American Economic Review (Papers and Proceedings), Economic Journal, Games and Economic Behavior, Experimental Economics, Journal of Economic Behavior and Organization, and Economic Inquiry.