I am an assistant professor of economics at UCLA. My research interests are in housing and housing finance, urban economics, consumer finance, and applied microeconomics more broadly.
The Effect of Credit Availability on House Prices: An Instrumental Variable and Difference-in-Differences Approach -- added 4/14/2014
What it's about: I use geographic variation in the 2008 conforming loan limit increases to study the effect of credit availability on house prices. I use the original asking price of a home-for-sale as an IV for the likelihood that it will be purchased using a loan in the range affected by the CLL increases.
What's Behind the Food Truck Phenomenon? Information Frictions and Taste for Variety (with Elliot Anenberg) -- updated 4/10/2014
What it's about: We study the economic causes and consequences of the growing food truck phenomenon in the U.S. We argue that mobile communication technology enabled the food truck business model, and that food trucks use their mobility to capitalize on consumer taste-for-variety.
Estimates of the Size and Source of Price Declines Due to Nearby Foreclosures (with Elliot Anenberg) -- forthcoming at the American Economic Review
What it's about: Using a novel dataset that matches house for-sale listings to housing transactions, we provide new evidence about the magnitude and the mechanisms behind the effect of foreclosures on nearby property values.
What it's about: I develop and estimate a structural model of the housing and mortgage markets and investigate a counterfactual in which an alternative mortgage design that shares house price risk between the borrower and lender is introduced.