Recently, the Hawaii Council on Economic Education conducted a survey of high school seniors to gauge their understanding of basic economic concepts. Based on these results, we conduct a series of case studies, consisting of interviews with principals and economics teachers at eight Hawaii...

The prevention of invasive species is modeled as a "weaker link" public good. Under the weaker link aggregation technology, individual contributions beyond the lowest level will provide benefits, but these benefits progressively decline as contributions exceed the minimum. A two-region model is...

A central pillar of the sustainability movement is the call to include environmental accounting in standard measures of economic performance. This increased transparency would, in principle, mitigate the temptation of economic managers and policy makers to increase growth in material consumption...

More than one-half of all rentals are in single-family properties (those containing from 1 to 4 units). Although these properties are generally financed through the single-family mortgage market, investors' financing options are more limited than those of owner-occupants. Small multifamily...

The past decade has been marked by a massive housing bubble and foreclosure crisis. During the first half of the decade, home prices nationally experienced unprecedented growth, increasing 85 percent in real terms between 1997 and 2005 (Shiller, 2008). The increase was notable for its sheer...

To help communities recover from the foreclosure crisis, Congress enacted a set of policies known as the Neighborhood Stabilization Program (NSP). NSP's objective was to mitigate the impact of foreclosures on neighboring properties, through reducing the stock of distressed properties and...

This groundbreaking report evaluates the impact of implementing Small Area Fair Market Rents (SAFMRs) in seven Public Housing Agencies (PHAs) in a variety of geographic and market types. This report examines whether and to what extent the shift from metropolitan-wide Fair Market Rents (FMRs) to...

Demand for water will continue to increase as per capita income rises and the population grows, and climate change can exacerbate the problem through changes in precipitation patterns and quantities, evapotranspiration, and land cover—all of which directly or indirectly affect the amount of...