Publications:

1. Leung, T.C. and K.P. Tsang (2011): Can Anchoring and Loss Aversion Explain the Predictability in the Housing Market? Forthcoming in the Pacific Economic Review. Working paper version here.

Working Papers:

1. What is the True Loss Due to Piracy? Evidence from Microsoft Office in HK (Feb 2012, 2nd R&R) Online Appendix
2. Love Thy Neighbor: Income Distribution and Housing Preferences (June 2011, with Kwok Ping Tsang, R&R)
3. Why is Polygyny More Prevalent in Western Africa? An African Slave Trade Perspective (June 2011, with John T. Dalton)
4. On the Optimal Skill Distribution in a Mirrleesian Economy (Jan 2011, with Hakki Yazici)
5. Anchoring and Loss Aversion in the Housing Market: Implications on Price Dynamics (Jan 2011, with Kwok Ping Tsang)
6. Should the Music Industry Sue its Own Customers? Impacts of Music Piracy and Policy Suggestions (Sept 2009)

Work in Progress:

1. How Does Household Consumption And Labor Supply Respond to Wage Shocks? (with Ka Fai Li)
2. Movie Piracy and Hollywood Exports: A Cross-Country Investigation (with John T. Dalton)
3. A Durable Oligopoly Model for the Hong Kong Housing Market (with Charles Ka Yui Leung and Kwok Ping Tsang)
4. Regime Switches in New Housing Supply: Do the Stock Market and Macroeconomy Matter? (with Charles Ka Yui Leung and Kwok Ping Tsang)
5. Impacts of Theater Capacity Constraint on Movie Industry Demand (with Shi Qi and Jia Yuan)