Urban models often examine the consequences of domestic trade for city structure. We consider how GDP growth impacts Metropolitan Statistical Area (MSA) housing price growth, while allowing for iceberg shipping costs. We develop a theoretical model of spatial equilibrium among cities where there...

International trade models typically consider countries exchanging goods/services, while urban models often examine the consequences of domestic trade for city structure. Relatively little known research synthesizes these to allow for shocks propagating domestically with both domestic and...

Green roofs have recently seen increasing popularity in many cities, such as New York, due to their cooling effects, stormwater control features, and aesthetics and amenity values. Few known studies, however, have attempted to quantify the benefits of green roofs into monetary values. We use...

During the housing bust many homeowners found themselves “underwater�—the amount they owed on their mortgages exceeded the value of the associated property—and they either could not or possibly chose not to stay current on their mortgage payments. As a consequence,...

Germany’s 1990 reunification necessitated highway connections between an underdeveloped region and a western country. The 2009/2013 German Autobahn highway A38 completion/additions alleviated congestion, enhanced connectivity, and increased pollution/noise. Using German residential real estate...

When liquidity providers for one asset obtain information from other asset prices, this may magnify the (upward or downward) comovement of asset liquidity. It also may yield an illiquidity multiplier. We empirically test the magnitude of this illiquidity multiplier for a sample of U.S. equity...

Intercity air transportation has grown rapidly in recent decades and creates significant noise pollution that affects health. Previous research quantifies the losses that are capitalized into home values. Much research relies heavily on spatially restrictive noise contour plots to identify the...

The Berlin-Brandenburg airport (BER) has become well-known far beyond German borders due to substantial mis-planning and heavy delays in opening. Planned to open in March 2012, BER finally opened in 2020, after seven partly substantial and immediately announced delays. Focusing on the first two...