This paper suggests that activities in the real estate markets in Southeast and East Asian economies were an important contributing force to the financial crises of 1997 in the Asian economies. The analysis relies upon unpublished data reported contemporaneously by financial institutions and...

This paper provides a selective review of two aspects of urban policy in the U.S. -- federal policy providing housing subsidies for lower income households, and federal support for urban redevelopment and physical renewal. The paper reviews four periods in the history of American housing policy,...

This article compares the level and distribution of the welfare changes from restricting land available for residential development in a city. We compare the economic costs when residential capital is durable with the costs when capital is perfectly malleable and those when population is also...

This paper analyzes the implications of rent control as applied to dwellings located in mobile home parks. This form of regulation differs from apartment rent control in that: it is applied selectively to a small portion of the housing stock, and; it regulates the site rents paid to the park...

This paper provides the first credible evidence on the economic value of the certification of "green buildings" -- value derived from impersonal market transactions rather than engineering estimates. For some 10,000 subject and control buildings, we match publicly available information on the...

Statistical models of real estate price determination can be an important tool in managing the appraisal function. The accuracy of theese models depends crucially on the inclusion of all relevant information as well as on the correct specification of the price function. This paper proposes a...

This paper considers the relative centralization or decentralization of public finance, and relates the equity and efficiency issues ot the special features of developing economies. The paper considers the centralization of taxation and service provision in Indonesia in relation to these...