Managing changing requirements and complexity is important in enhancing the success of real estate projects. Agile project management provides approaches for adapting processes and working methods accordingly. This study aims to identify the potentials and challenges of agile project management...

This paper builds on a fast growing literature which introduces game theory in the analysis of real option investments in a competitive setting. Specifically, in this paper we focus on the issue of multiple equilibria and on the implications that different equilibrium selections may have for the...

Remarks at the University of Miami, Coral Gables, Fla., October 22, 2009

Every segment of the Texas commercial property sector suffered during the recession of 2009. Demand withered for space in offices, warehouses and retail centers, pushing up vacancy rates and lowering rental rates. Private nonresidential construction dropped sharply, reaching near-record lows....

Retail vacancy rates are up in the district, especially for strip malls.

As the Low Income Housing Tax Credit 15-year compliance period begins to expire on affordable housing projects across the country, the Wyndham Financial Group’s William S. Hettinger examines how organizations are addressing this issue and offers strategies for success.

The authors test whether poor households use cash transfers to invest in income generating activities that they otherwise would not have been able to do. Using data from a controlled randomized experiment, they find that transfers from the Oportunidades program to households in rural Mexico...

In agrarian societies land serves as the main means not only for generating a livelihood but often also for accumulating wealth and transferring it between generations. How land rights are assigned therefore determines households'ability to generate subsistence and income, their social and...

The impact of cash transfer programs on the accumulation of human capital is a topic of great policy importance. An attendant question is whether program effects are larger when transfers are"conditioned"on certain behaviors, such as a requirement that households enroll their children in school....

When contracts are incomplete, relationship-specific investments may be underprovided due to the threat of opportunistic expropriation or holdup. The authors find evidence of such underinvestment on tenanted land in rural Pakistan. Using data from households cultivating multiple plots under...