The constant-quality assumption in repeat-sales house price indexes (HPIs) introduces a significant time-varying attribute bias. The direction, magnitude, and source of the bias varies throughout the market cycle and across metropolitan statistical areas (MSAs). We mitigate the bias using a...

Given the resurgence of cities as consumer centers and the importance of amenities, we revisit the differences in tipping in taxis between tourists and locals in New York City. Taxi service is an endogenous amenity; however, taxis also contribute to the demand and provision of other amenities....

Dyreng et al. (2017) find that the effective tax rates for both foreign and domestic corporations have steadily declined over the past quarter century. However, contrary to conventional wisdom, the authors also find that U.S. multinational corporations do not have a tax-based cost advantage...

We study the effect of securitization on servicers' asset liquidation decisions. Conditional on liquidation, we find securitized loan servicers are more likely to liquidate distressed houses via real estate owned (REO) transactions than portfolio loan servicers. We exploit this fundamental...