Prices of existing houses peaked in southern California during the second quarter of 1990 andpreceded a lengthy recession. This paper examines the response of homebuilders in a masterplanned community in the suburban Los Angeles region to the end of the boom and the onsetand deepening of the...

In Los Angeles, and the United States in general, the defining trend of economic redevelopment projects has been the displacement of low-income communities. Considering this history, the 2001 Community Benefits Program - an agreement between a developer and a coalition of community groups and...

Traditional assimilation theory predicts immigrant adaptation into society as a function of catching up to status of U.S.-born non-Hispanic white households. Recent Taiwanese immigrants, rather than climbing socioeconomic ladders overtime, may have surpassed the socioeconomic status of whites...

Discussions of economic growth require an examination of the role of cities. It is widely claimed that c ities exi st because they facilitate economic growth and development . Spatial concentrations reduce transactions cost s . There are additional benefits gained as positive spillover effects...

This paper examines the impact of living in ethnic enclaves in different parts of the metropolitan area on low-skilled Latino immigrants’ employment accessibility. It does so by comparing the employment status and commuting times of Latinos living in and out of ethnic neighborhoods in...

Art galleries serve several important functions within the art industry. Economically, galleries are loci of arts consumption, generally focusing on visual arts such as painting and sculpture. If artists visit galleries to learn about their peers’ work, galleries may also contribute to...

This paper, using 1990 census microdata, investigates immigrants’ residential location choices that are relevant to urban sprawl. Regression models of two location choices are separately estimated, in which households choose from areas with different levels of residential density and new...

Public space is examined from the perspective of economic goods, defined by ‘rivalness’ and ‘excludability’, to explain the reasons for the ‘narrative of loss’ through this framework. The explanation is twofold – the first part deals with the...

Local, regional, state and federal governments employ smart growth for a wide variety of purposes, yet seldom define it except by example. The current national emphasis on smart growth, great diversity of implementing tools, and frequent confusion with other planning trends suggest a need to...

Mortgage terminations arise because borrowers exercise options. Empirically the extent to which the call is in the money is strongly associated with exercise of the prepayment option, and the probability that the put option is in the money is strongly associated with exercise of the default...