This course, offered by the MIT Center for Real Estate, focuses on developing an understanding of the macroeconomic factors that shape and influence markets for real property. We will develop the theory of land markets and locational choice. The material covered includes studies of changing...

Starting with a carefully formulated Dirichlet process (DP) mixture model, we derive a generalized product partition model (GPPM) in which the partition process is predictor-dependent. The GPPM generalizes DP clustering to relax the exchangeability assumption through the incorporation of...

Certain species in nature have evolved characteristics that provide protection from predators. Batesian mimicry is a system that describes a model/mimic relationship, in which a palatable organism phenotypically resembles an unpalatable organism. The effectiveness of the mimicry system may...

paper from plenary session

Estimating the economic impacts of high speed rail (HSR) on regional development is a largely unresolved issue. This paper will provide an overview of the basic issues, the contributions of empirical literature, the modelling approaches used until now, a multiregional framework and how that...

Purpose ? Is it regionalization or globalization that more accurately depicts the state of the global economy? Exports and foreign direct investments (FDI) data are analyzed with the aim of answering the question and determining how intra- and inter-regional integration has changed over...