The Gradients of Power: Evidence from the Chinese Housing Market
---- Acknowledgments ----
We would like to thank Zhiwu Chen, Matthew Kahn, Shang-jin Wei, Wei Xiong and participants at the NBER China Working Group Conference (Spring 2014) for useful discussions and comments. We are responsible for all remaining errors. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.