Researchers and policy makers have explored the possibility of restricting the use of housing vouchers to neighborhoods that may positively affect the outcomes of children. Using the framework of a dynamic model of optimal location choice, we estimate preferences over neighborhoods of likely...

I develop estimates of the value, price and quantity of land owned by each of the major legal forms of organization in the United States. "Land" stands for all aspects of a developed property (location, amenities, option value, etc.) such that the market value of the property is worth more than...

We apply the dynamic Gordon growth model to the housing market in 23 US metropolitan areas, the four Census regions, and the nation from 1975 to 2007. The model allows the rent-price ratio at each date to be split into the expected present discounted values of rent growth, real interest rates,...