This article examines the influence of national and local forces on housing prices in 20 local US real estate markets during the recent housing price run-up and decline. We use reduced-form panel data fixed-effects models with robust SEs to determine the impact of national and local effects on...

Using transaction level data, we present the first analysis of the way that foreign investors choose among different types of United States real estate. Our findings based on the conditional logit model analysis for the 1980-91 period are consistent with the hypothesis that foreign investors...

This study reports empirical evidence on existence value for beach nourishment. The focus is an analysis of respondents who intend to use the beach to be nourished and those who do not. Differences are found among the two groups, but not among categories of nonusers. An application of this...

In the November 1991 issue of The Review of Economics and Statistics, Cletus C. Coughlin, Joseph V. Terza, and Vachira Arromdee estimated conditional logit models of the factors affecting the locational choices of foreign direct investors in the manufacturing sector within the United States....

Numerous firms offer competing ratings of insurer financial condition. Insurance consumers, producers, and others commonly puzzle over which rating is more accurate. A 1994 Government Accounting Office (GAO) report judged the performance of a group of these insurance rating agencies. That report...