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Ma, Chao

Assistant Professor




Research Fields:Applied Microeconomics


Biography Research Papers Research Projects

Assistant Professor, Wang Yanan Institute for Studies in Economics & School of Economics, Xiamen University, September 2015 -
Research Intern, Moody's Analytics, June 2014 - August 2014

Ph.D., Economics, The Ohio State University, May 2015
M.A., Economics, The Ohio State University, August 2011
M.A., Economics, The State University of New York at Buffalo, May 2010
M.A., Finance, Nankai University, July 2008
B.S., Management Science, University of Science and Technology of China, July 2005
B.S., Computer Science, University of Science and Technology of China, July 2005

Empirical Industrial Organization, Real Estate Finance and Urban Economics, Applied Microeconomics, Applied Econometrics (Dynamic Choice)

“Does Capital Structure Differently Affect Incumbents’ Responses to Entry Threat and Actual Entry?” Journal of Economics & Management Strategy, 2019, Vol. 28(4), 585-613. (lead and featured article)
“Momentum and Reversion to Fundamentals: Are They Captured by Households’ Subjective Expectations of House Prices?” (Revise and Resubmit)
“Per-Customer Quantity Limit and Price Discrimination: Evidence from the U.S. Residential Mortgage Market.” (Revise and Resubmit at International Journal of Industrial Organization)
“Correlation in Mortgage Defaults.” with Hongbiao Zhao. (Reject and Resubmit at Journal of Banking and Finance)
“Estimating a Dynamic Discrete Choice Model with Partial Observability for Household Mortgage Default and Prepayment Behaviors.”  (2013 G.S. Maddala Prize in Econometrics)
“House Price Expectations and Mortgage Default Decisions.” (under review)
“Delay Risks: Evaluation and Securitization.”  with Hao Zhang and Hongbiao Zhao. (under review)
“Spatial Variation in Reverse Mortgages Usage: House Price Dynamics and Consumer Selection”, Journal of Real Estate Finance and Economics, 2016, 53(3), 392-417. Jointly with Donald Haurin & Wei Shi at OSU Economics Department, Stephanie Moulton & Jason Seligman at OSU School of Public Affairs, & Max Schmeiser at Federal Reserve