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Vincent Yao

Vincent Yao is the AREA Professor of Real Estate, Director of the College Ph.D. Program and Director of Real Estate Center at the J. Mack Robinson College of Business of Georgia State University. He is also a senior research fellow at the Federal Reserve Bank of Atlanta and a research fellow at the Hong Kong Monetary Authority. He works in several research areas including real estate, household finance and macro finance. His work has been published in leading journals such as The American Economic Review.
Regulation

FinTech Lending  with LowTech Pricing

Mark Johnson
New research indicates that FinTech lending has not been as ‘disruptive’ in risk-based pricing as claimed. While FinTech has provided increased loan access to some individuals, reliance on traditional credit scoring and spillovers from banking regulations leads to mispricing and cross-subsidization of borrowers. The authors suggest alternatives to allocate capital efficiently and improve financial inclusion.
News

How Does Political Uncertainty Affect the Valuation of Long-Term Property Rights? Lessons From Hong Kong

Zhiguo He
A new paper studies the link between ongoing political uncertainty and long-term property rights in Hong Kong. It finds that properties subject to political...

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The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.