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Publications

The Department of Real Estate faculty has published in the top Economics, Finance, and Real Estate journals in the world, including Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Finance and Quantitative Studies, Journal of Business, Real Estate Economics, Journal of Real Estate Finance and Economics, Journal of Real Estate Research, Journal of Urban Economics, as well many books and teaching cases.

Academic Publications:

Author(s)	Article	Year	Journal
Ko Wang, and Yuqing Zhou	Equilibrium Real Options Exercise Strategies with Multiple Players: The Case of Real Estate Markets	2006	Real Estate Economics V34 1-49
Su Han Chan, W. K. Leung, and Ko Wang	Changes in REIT Structure and Stock Performance: Evidence from the Monday Stock Anomaly	2005	Real Estate Economics, 89-120
Rui Yao and Harold Zhang	Optimal Consumption and Portfolio Choices with Risky Housing and Borrowing Constraints	January 2005	Review of Financial Studies 18(1), 197-239
Su Han Chan, W. K. Leung, and Ko Wang	The Impact of Institutional Investors on Monday Seasonal	2004	Journal of Business, 967-986
Jay Weiser	The Real Estate Covenant as Commons: Incomplete Contract Remedies over Time	2004	Southern California Interdisciplinary Law Journal (vol. 13, pp. 269-330)
Rose Neng Lai, Ko Wang, and Yuqing Zhou	Sale before Completion of Development: Pricing and Strategy	2004	Real Estate Economics, 32:2, 329-357
Jay Weiser	Foreword: The Next Normal: Developments Since Marriage Rights for Same-Sex Couples in New York	2004	Columbia Journal of Gender and Law (vol. 13, pp. 48-69)
Jay Weiser, Project Coordinator, Co-Editor and Contributor, and Leslie Rubin, Co-Editor and Contributor, The Association of the Bar of the City of New York	Marriage Rights for Same-Sex Couples in New York	2004	Columbia Journal of Gender and Law (vol. 13, pp. 70-99)
Su Han Chan, Ko Wang, and Jing Yang	Pricing Factors in Real Estate Markets: A Simple Preference Based Approach	2003	International Real Estate Review 6:1, 102-120
John Goering	"Fair Housing": A Review of Recent Research on the Forms and Meaning of Housing Discrimination and Fair Housing Enforcement Policy in the United States	2003	Hommes & Migrations 92-101
Jay Weiser	Measure of Damages for Violation of Property Rules: Breach of Confidentiality	2003	University of Chicago Law School Roundtable (vol. 9 no. 1, pp.75-154)
John Goering	The Impacts of New Neighborhoods on Poor Families: Evaluating the Policy Implications of the Moving to Opportunity Demonstration	2003	Economic Policy Review,: Vol. 9 (2), 113-139
Rui Yao, Brian A. Ciochetti, Gail Lee, James Shilling and Yongheng Deng	A Proportional Hazard Model of Commercial Mortgage Default with Originator Bias	2003	Journal of Real Estate Finance and Economics, 27(1)
Ko Wang, Leslie Young, and Yuqing Zhou	Non-Discriminating Foreclosure and Voluntary Liquidating Costs	2002	Review of Financial Studies, 15:3, 959-985
Judith Feins, John Goering and Todd Richardson	A Cross-Site Analysis of Initial Moving to Opportunity Demonstration Results.	2002	Journal of Housing Research,: Vol. 13 (1), 1-30
Rui Yao, Brian A. Ciochetti, Bin Gao and Yongheng Deng	The Termination of Lending Relationships through Prepayment and Default in the Commercial Mortgage Markets: A Proportional Hazard Approach with Competing Risks	2002	Real Estate Economics, 30(4), 595-633
Tsong-Yue Lai, Hin Man Mak, and Ko Wang	Asset Pricing Model with Short-Sale Restrictions: The Case of Asian Property Markets	2001	International Real Estate Review 4:1, 42-55
John Goering	An Assessment of President Clinton's Initiative on Race	2001	Ethnic and Racial Studies,: Vol. 24, 472-484
Su Han Chan, Mark Stohs, and Ko Wang	Are Real Estate IPOs a Different Species? Evidence from Hong Kong IPOs	2001	Journal of Real Estate Research 21:3, 201-220
Ko Wang, Yuqing Zhou, Su Han Chan, and K. W. Chau	Over-Confidence and Cycles in Real Estate Markets: Cases in Hong Kong and Asia	2000	International Real Estate Review 3:1, 93-108
Ko Wang and Yuqing Zhou	Overbuilding: A Game-theoretic Approach	2000	Real Estate Economics 28:3, 493-522
Neng Lai and Ko Wang	Land-Supply Restrictions, Developer Strategies and Housing Policies: The Case in Hong Kong	1999	International Real Estate Review 2:1, 143-159
Su Han Chan, W. K. Leung, and Ko Wang	Institutional Investment in REITs: Evidence and Implications	1998	Journal of Real Estate Research 16:3, 357-374
Tsong-Yue Lai and Ko Wang	Appraisal Smoothing: The Other Side of the Story	1998	Real Estate Economics 26:3, 511-535
Su Han Chan, Michelle Chu, George Lentz, and Ko Wang	Intra-Project Externality and Layout Variable in Residential Condominium Appraisals	1998	Journal of Real Estate Research 15:2, 131-145
George Lentz and Ko Wang	Residential Appraisal and the Lending Process: A Survey of Issues	1998	Journal of Real Estate Research 15:1, 11-39
John Goering	The Moving to Opportunity Social `Experiment': Early Stages of Implementation and Research Plans	1997	Poverty Research News. Vol 1,No. 2
Ko Wang, Yuming Li, and John Erickson	A New Look at the Monday Effect	1997	Journal of Finance 52:5, 2171-2186
John Goering	Recent Research on Racial Segregation and Poverty Concentration in Public Housing in the United States	1997	Urban Affairs Review, 32. 723-745
Ko Wang and John Erickson	The Stock Performance of Securitized Real Estate and Master Limited Partnership	1997	Real Estate Economics 25:2, 295-319
John Goering	Race and Default in Credit Markets: A Colloquy	1996	Cityscape, Vol.2, No. 1,(Guest editor and Introduction, pp. 1-7)
Tsong-Yue Lai and Ko Wang	Comparing the Accuracy of the Minimum-Variance Grid Method to Multiple Regression in Appraised Value Estimates	1996	Real Estate Economics 24:4, 531-549
Ko Wang, Su Han Chan, and John Erickson	Does the REIT Stock Market Resemble the General Stock Market?	1995	Journal of Real Estate Research 10:4, 445-460
Yuming Li and Ko Wang	The Predictability of REIT Returns and Market Segmentation	1995	Journal of Real Estate Research 10:4, 471-482
Su Han Chan, George Gau, and Ko Wang	Stock-Market Reaction to Capital Investment Decisions: Evidence from Business Relocation Announcements	1995	Journal of Financial and Quantitative Analysis 30:1, 81-100
Ko Wang, John Erickson, George Gau, and Su Han Chan	Market Microstructure and Real Estate Returns	1995	Real Estate Economics 23:1 (formerly AREUEA Journal), 85-100
George Gau, Tsong-Yue Lai, and Ko Wang	A Further Discussion of Optimal Comparable Selection and Weighting, and A Response to Green	1994	AREUEA Journal 22:4, 675-683
John Goering	Anti-Discrimination Law on the Grounds of Race in the United States: Enforcement and Research Concerns	1994	New Community 20. 393-414
George Gau and Ko Wang	The Tax-Induced Holding Periods of Real Estate Investors: Theory and Empirical Evidence	1994	Journal of Real Estate Finance and Economics 8:1, 71-86
John Goering	Towards the Comparative Exploration of Public Housing Segregation in England and the United States	1993	Housing Studies. 8. 256-273
Ko Wang, John Erickson, and George Gau	Dividend Policies and Dividend Announcement Effects for Real Estate Investment Trusts	1993	AREUEA Journal 21:2, 185-201
John Goering	Reclothing the Emperor while Avoiding Ideological Polarization	1993	New Community, 19. 336-347
Tsong-Yue Lai, Ko Wang, Su Han Chan, and Daniel Lee	A Note on Optimal Portfolio Selection and Diversification Benefit with Short Sale Restriction on Real Estate Assets	1992	Journal of Real Estate Research 7:4, 493-501
Ko Wang, Su Han Chan, and George Gau	Initial Public Offerings of Equity Securities: Anomalous Evidence Using REITs	1992	Journal of Financial Economics 31:3, 381- 410
John Goering	Race and Public Housing in Britain and the United States	1992	New Community.18. 457-462
George Gau, Tsong-Yue Lai, and Ko Wang	Optimal Comparable Selection and Weighting in Real Property Valuation: An Extension	1992	AREUEA Journal 20:1, 107-123
Ko Wang, Terry Grissom, and James Webb	The Spatial Equilibrium of Intra-Regional Rate-of-Return and the Implications for Real Estate Portfolio Diversification	1991	Journal of Real Estate Research 7:1, 59-72
Ko Wang, Terry Grissom, James Webb, and Lewis Spellman	The Impact of Rental Property on the Value of Single Family Residences	1991	Journal of Urban Economics 30:2, 152-166
George Gau and Ko Wang	Appraisal Data and Bias in Real Estate Return Indexes: A Reply	1991	AREUEA Journal 19:1, 113-116
John Goering	The Immigration Multiplier: Fact or Fiction?	1990	International Migration Review. New York: Center for Migration Studies
George Gau and Ko Wang	Capital Structure Decisions in Real Estate Investment	1990	AREUEA Journal 18:4, 501-521
Ko Wang, Terry Grissom, and Su Han Chan	The Functional Relationship and Use of Going-In and Going-Out Capitalization Rates	1990	Journal of Real Estate Research 5:2, 231-246
George Gau and Ko Wang	A Further Examination of Appraisal Data and the Potential Bias in Real Estate Return Indexes	1990	AREUEA Journal 18:1, 40-48
Ko Wang, James Webb, and Susanne Cannon	Estimating Project Specific Absorption	1990	Journal of Real Estate Research 5:1, 107-116
John Goering	Investigating Public Housing Segregation: Conceptual and Methodological Issues	1989	Urban Affairs Quarterly, 25 265-297
John Goering	The ‘Explosiveness’ of Chain Migration: Research and Policy Issues	1989	International Migration Review. Vol. 23, pp. 797-813 (and volume editor)
John Goering	Resolute Ignorance or Political Straw Man	1988	Society. 67-70
John Goering	Race, Housing and Public Policy	1982	Urban Affairs Quarterly, 17 463-490
John Goering	Toward a National Policy for Neighborhoods: A Conversation Between a Policy Maker and a Social Scientist	1980	Public Administration Review, 40 553-560
John Goering	The National Neighborhood Movement: A Preliminary Analysis and Critique	1979	Journal of the American Institute of Planners, 506-514
John Goering	Housing and Urban Redevelopment: Two Case Studies of Community Involvement	1979	Housing and Society, 5, No. 3
John Goering	Comment: What a National Commission on Neighborhoods Could Do	1979	Areuea Journal. 227-229
John Goering	The Myths of Neighborhood	1978	New York Affairs, 5, No. 1
John Goering	Race and Residence in London. A Review	1978	Comparative Urban Research, 5
John Goering	Racial Tipping Factors Tapped: Rejoinder	1978	Journal of the American Institute of Planners 44(4), 464-465
John Goering	Neighborhood Tipping and Racial Transition: A Review of Social Science Evidence	1978	Journal of the American Institute of Planners.
Carol Poll and John Goering	Horatio Alger Revisited: The Persistence of a Ghetto Social Welfare Institution	1974	Sociology and Social Welfare, II, No. 1
John Goering and Edward Kalachek	Transportation and People	1973	Society, 10. 39-42
John Goering	Comment: The Political Structure of Anthropology	1972	Human Organization, 343-344
John Goering	Changing Perceptions and Evaluations of Physical Characteristics Among Blacks: 1950-1970	1972	Phylon. 33, No. 3
John Goering	The Social Effects and Limitations of Development Planning: The Case of Singapore and of Indonesia	1972	Human Organization, 385-393
John Goering	Population and Housing in East Harlem	1972	Rand Institute Report, 4854
John Goering	Revisiting Tempo	1972	Growth and Change: A Journal of Regional Development, 59-61
John Goering	The Emergence of Ethnic Interests	1971	Social Forces Vol. 49, pp. 379-384, reprinted in Issues in Race and Ethnic Relations, edited by Jack Rothman
John Goering	Technology and Community: Experiments in Transporting the Unemployed	1971	Growth andChange: A Journal of Regional Development. 2. 34-37
Rodney Coe and John Goering	Cultural Versus Situational Explanations in Medical Behavior of the Poor	1970	Social Science Quarterly. 51. 309-319
Marvin Cummins and John Goering	Intervention Research and the Survey Process	1970	Journal of Social Issues. 26. 49-55

Professional Publications:

Author(s)	Article	Year	Journal
Jay Weiser	Trafficking in Panic	June 22, 2005	New York Law Journal, p.2
Rui Yao and Wenli Li	How Do House Price Changes Affect Consumption?	Forthcoming 2005	Federal Reserve Bank of Philadelphia Business Review
Jay Weiser	CEOs Behaving Badly: Another Cycle of Reform is the Cost of Doing Business	June 6, 2005	Book Review, Weekly Standard, pp. 33-35
Jay Weiser	Legalizing Gay Marriage	December 10, 2004	Book Review, New York Law Journal, p.2
Leslie Rubin and Jay Weiser	Same-Sex Marriage: Law Needs to Catch Up	August 26, 2002	National Law Journal, p. A8
Jay Weiser	Negotiating in the Face of Disaster	December 2001	Grid, p.21
Jay Weiser	To Some an Eyesore, To Others a Home	June 24, 2000	New York Times, p. A15
Jay Weiser	Stop Cops from Making Improper Asset Seizures	June 7, 2000	Newsday, p. 42
Jay Weiser	Scrambling for Crumbs: The Affordable Housing Finance Maze	January/February 2000	Grid, pp.84-89
Jay Weiser	Zoned Out	1999	Grid, pp.68-70
Jay Weiser	Deco Disneyfication	1999	Grid p.136
Jay Weiser	Pollution Liability Insurance Improves	March 23, 1998	National Law Journal, pp.B13, B16-B17
Jay Weiser	Helping Dorothy Find the Way: Pension Funds and Prohibited Transactions	May/June 1997	Business Law Today, pp.52-56
Jay Weiser	Denim Downsize	February 26, 1996	New Republic
Jay Weiser	After 80 Years, Fashion Row Comes Back in Style	January 6, 1994	New York Newsday
Jay Weiser	The Business Lawyer as Sleuth	November/December 1993	Business Law Today, pp.23-27
W. Christopher White, Jon D. Horowitz, and Jay Weiser	Foreclosure by Advertisement: Rewards Await Those Who Master the Law’s Complexity	November 24, 1993	New York Law Journal, pp.5-6
Jay Weiser	Money Can Buy You Love	February 19, 1992	New York Newsday
Terry Grissom and Ko Wang	Rental Property and Housing Prices: A Case Study	January 1991, 1-19	Real Estate Research Center Technical Paper Series
Terry Grissom and Ko Wang	Market Segmentation Using Capitalization Rate	January 1988, 1-39	Real Estate Research Center Technical Paper Series
Terry Grissom, Rudy Robinson, and Ko Wang	Matched Pairs Analysis Program and Compliance with FHLBB Memorandum R41B/C	January 1987, 42-68	Appraisal Journal

Teaching Cases:

All the cases listed below are published by the Center for Asian Business Cases at the University of Hong Kong and distributed by the Harvard Business School Publishing and European Case Clearing House.
Su Han Chan and Ko Wang, " Fountain Set (Holdings) Limited: Privatizing or Stay Public," 2002. (Case prepared by Ms. Mary Ho. Case Length: 14 pages. Teaching Notes: 7 pages.)
Su Han Chan and Ko Wang, "Singapore Telecommunications Limited: The Bid for Cable & Wireless HKT Limited," 2002. (Case prepared by Ms. Mary Ho. Case Length: 19 pages. Combined Teaching Note: 28 pages.) This case is selected for use in the 2002 MBA International Case Competition.
Su Han Chan and Ko Wang, "Pacific Century CyberWorks Limited: The Bid for Cable & Wireless HKT Limited," 2002. (Case prepared by Ms. Mary Ho. Case Length: 18 pages. Combined Teaching Note: 28 pages.) This case is selected for use in the 2002 MBA International Case Competition.
Su Han Chan and Ko Wang, "The Divestiture of Cable & Wireless Hong Kong Telecom Limited," 2002. (Case prepared by Ms. Mary Ho. Case Length: 25 pages. Teaching Note: 18 pages.) This case is selected for use in the 2002 MBA International Case Competition.
Su Han Chan and Ko Wang, "Identifying Value Creators" 2002. (Case prepared by Ms. Mary Ho. Case Length: 17 pages. Teaching Note: 24 pages.)
Su Han Chan and Ko Wang, " New World Development Company Limited: Diversify or Focus?" 2001. (Case prepared by Ms. Mary Ho. Case Length: 16 pages. Teaching Note: 14 pages.)
Su Han Chan and Ko Wang, "Mortgage Securitization in Hong Kong and Asia" 2001. (Case prepared by Ms. Mary Ho. Case Length: 20 pages. Teaching Note: 7 pages.)
Su Han Chan and Ko Wang, " Follow the Insiders or Follow the News: The Case of Pacific Century CyberWorks Limited," 2001. (Case prepared by Ms. Mary Ho. Case Length: 21 pages. Teaching Note: 9 pages.)
Su Han Chan and Ko Wang, "Phuket Beach Hotel: Valuing Alternative Capital Projects," 2001. (Case prepared by Ms. Mary Ho. Case Length: 4 pages. Teaching Note: 9 pages.)
Su Han Chan and Ko Wang, "Privatization of the MTR Corporation," 2001. (Case prepared by Ms. Mary Ho. Case Length: 26 pages. Teaching Note: 10 pages.)
Su Han Chan and Ko Wang, "Tom.com, 2000," 2000. (Case prepared by Ms. Mary Ho. Case Length: 20 pages. Teaching Note: 14 pages.)
Su Han Chan and Ko Wang, "Hong Kong Disneyland (C): The Joint Venture Negotiation," 2000. (Case prepared by Ms. Mary Ho. Case Length: 4 pages. Teaching Note: 17 pages.)
Su Han Chan and Ko Wang, "Hong Kong Disneyland (B): The HKSAR Perspective," 2000. (Case prepared by Ms. Mary Ho. Case Length: 19 pages. Teaching Note: 13 pages.)
Su Han Chan and Ko Wang, "Hong Kong Disneyland (A): The Walt Disney Perspective," 2000. (Case prepared by Ms. Mary Ho. Case Length: 22 pages. Teaching Note: 14 pages.)
Su Han Chan and Ko Wang, "Identifying Hong Kong Firms during the Asian Financial Crisis," 2000. (Case prepared by Ms. Mary Ho. Case Length: 10 pages. Teaching Note: 11 pages.)
Su Han Chan and Ko Wang, "Sino Land Hotel Spin-off (B)," 1999. (Case prepared by Ms. Mary Ho. Case Length: 11 pages. Teaching Note: 21 pages.)
Su Han Chan and Ko Wang, "Sino Land Hotel Spin-off (A),"1999. (Case prepared by Mr. Probir Banerjee. Case Length: 22 pages. Teaching Note: 10 pages.)
Su Han Chan and Ko Wang, "Tianjin Development," 1999. (Case prepared by Mr. Probir Banerjee. Case Length: 19 pages. Teaching Note: 11 pages.)
Su Han Chan and Ko Wang, "Beijing Enterprises: Initial Public Offering," 1999. (Case prepared by Mr. Probir Banerjee. Case Length: 18 pages. Teaching Notes: 13 pages.)

Monograph & Academic Books:

Su Han Chan, John Erickson, and Ko Wang, "Real Estate Investment Trusts: Structure, Performance, and Investment Opportunities", Oxford University Press: New York, 2003, 352 pages. Translated into Chinese by Hongyu Liu and Ying Hwang, Economic Science Press, Beijing, China, 2004, 288 pages. Translated into Korean by Young Ki Ro, Cha Soon Cha, and Yin Su Kim, Pak Young Sa Publisher, Seoul, Korea, 2005, 375 pages.
John Goering, Tom Weiss and Margaret Crahan, eds. Wars on Terrorism and Iraq: Human Rights, Unilateralism, and the United States. Routledge Press. March 2004.
Judith Feins and John Goering. Choosing a Better Life? Evaluating the Moving to Opportunity Experiment, The Urban Institute Press, May 2003.
Ko Wang and Marvin Wolverton, editors, "Real Estate Valuation Theory", Kluwer Academic Publishers: Boston, 2002, 430 pages.
John Goering. The Thirtieth Anniversary of the Fair Housing Act. Cityscape, Spring 1999.
John Goering. Mortgage Lending, Racial Discrimination and Federal Policy. The Urban Institute Press, Washington, DC. 1996.
John Goering. Housing Desegregation and Federal Policy. University of North Carolina Press. 1986.
John Goering. Marx and the City: A Symposium. Vol. VI of Comparative Urban Research, Transaction Press, 1978.
John Goering. The Best Eight Blocks in Harlem: The Last Decade of Urban Reform. University Press. 1977.
John Goering and Edward Kalachek. Transportation and Central City Unemployment. Institute for Urban and Regional Studies, Washington University, St. Louis, Missouri, 1970.

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