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Building on past research in the economies-of-scale debate, we test for scale economies in real estate investment trusts (REITs) by examining growth prospects, revenue and expense measures, profitability ratios, systematic risk and capital costs. Overall, we find that large REITs are increasing...
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I am unable to copy/paste a rather lengthy abstract, but the paper provides a detailed theoretical model of human migration which is then tested using a discrete choice probit model.
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While unable to copy/paste the abstract, the paper examines the relative importance of job search and housing demand along with exploring the extent of equilibrium and disequilibrium in migration and job change.
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Using Current Population Survey data for the years 1973-86, this study tests the hypothesis that the steep decline of union employment shares since 1973 is related to increases in union wages relative to nonunion wages. The authors show that although the aggregate union wage premium has changed...
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