For many years operating companies around the world generally have owned their realestate assets. In the United States alone it is estimated that corporate users own nearly $2 trillion,or roughly half of all commercial property. Companies own not only their production facilities,but frequently...

Urban economics and sociology offer many narratives to explain the evolution ofurban America since the Second World War. These stories include the rise and fall ofsegregation, the inexorable march of the middle class to the suburbs, the ¯ltering ofaging housing stock from one class to the...

This paper provides the first application of the compensating differential paradigm to the evaluation of the extent and sources of evolution in state quality-of-life. The compensating differentials approach derives from early work by Rosen (1979) and Roback (1982), who showed how to extract...

Despite well-documented shortcomings, hedonic and repeat sales estimators remain the most widely used methods for constructing quality controlled house price indexes and for assessing housing attribute capitalization into dwelling prices. Nonparametric estimators overcome many of the problems...

While several reports (e.g. Lebergott, 1993; Moore and Simon, 1999; Cox and Alm, 1999) document stunning advances in health, longevity and material well being and while it is no longer disreputable to credit the market economy, most current discussions of cities and land use see only market failures. A...

A now popular economic development tool for states, enterprise zone programs attemptto increase business investment, employment, and wages in depressed areas by offering labor andcapital subsidies to firms operating in the designated zones. While a number of studies haveexamined the effects of...

This paper presents an empirical study of the links between metropolitan spatial structure and economic growth. Consistent with an urban evolution hypothesis, the growth effects of employment dispersion were found to be dependent on metropolitan size. A metropolitan area with a more clustered...

Research has documented that immigrants have moved in large numbers to almost every metropolitan area and select rural areas in the country (e.g., Lichter and Johnson 2009; Painter and Yu 2010). In the midst of these demographic shifts, the country has experienced a profound recession. To date,...

This paper estimates an education production function using data on the College Scholastic Ability Test (CSAT) score and high school characteristics from Seoul, Korea.1 A unique institutional feature of the high school system in Seoul is that on entering high school students are randomly...

New intermetropolitan and time-series data from the BLS are used to derive and modelthe incidence and the duration of rental vacancies and to assess the importance of thoseindicators to the price adjustment mechanism for rental housing. Research findings indicatethat the duration of vacancy...