This paper describes and systematically explains observed variation in land values and housing rents in urban Japan. It fits a structural model's reduced form equations to intertemporal data over 35 years, intercity data across 27 major cities, and intracity data in the three largest...

An explanation of land values and housing rents is central to our understanding of Japanese urban land use allocation, housing production and consumption, and wealth distribution. This paper describes and systematically explains some of the observed intertemporal, intercity, and intracity...

Cook's contact with Hawaii in 1778 initiated a tragic decline in the Hawaiian population and sweeping changes in social, economic, and political institutions prompted by Hawaii's integration with the outside world. Increasing economic integration after 1860 with the United States, Hawaii's main...

The Hawaiian Homes Commission Act of 1920 set aside marginal lands for Native Hawaiian homesteads with restrictions on their alienability and use, and funds for their development. The Act preserved all leased government sugar lands for the plantations, and preserved homesteads and federal...

The Hawaiian Home Lands program enacted by the U.S. Congress in 1921 placed 200,000 acres of government land in trust for the use of native Hawaiians. This program - now with assets valued at well over $700 million - long ago evolved into a special type of public housing program in which the...

In the mid 1960s there were about 22,000 single-family leasehold homes in Honolulu. Dissatisfaction with leasehold led to reform legislation in 1967, allowing lessees to buy leased land. By 1991 less than 5000 lessees remained. This paper examines why landowners elected to lease rather than sell...

In the mid-1960s 26 percent of the single-family homes in Honolulu were on leased land. Dissatisfaction with leasehold led to reform legislation in 1967, allowing lessees to buy leased land. By 1991 only 3.6 percent of the homes were on leased land. We examine why landowners elected to lease...