There are significant social and economic problems inherent in the use of REITs. This article identifies and analyses these issues and develops relevant theories about why REITs are inefficient and should be eliminated or modified substantially. The theories introduced in this article also apply...

REITs have flourished in the US, and some countries are considering introducing REITs to their capital markets. However, there are some psychological/behavioral problems inherent in the use of REITs which could result in violations of securities laws, fraud and non-compliance with Sarbanes-Oxley...

Equity Based Incentives (ldquo;EBIsrdquo;) remain the dominant form of incentives in many developed and developing countries; and thus have significant effects on the quality-of-life and subjective well-being of individuals in both small and large firms. The timing of exercise of EBIs and the...

This article shows that the present regime of real property taxation and location incentives are inherently unconstitutional. The analysis in this article pertains to US state/local laws/regulations governing tax assessment, tax collection, tax foreclosures and incentives offered to firms to...

This article: 1) analyzes and identifies antitrust problems inherent in the US housing industry; and 2) shows that legal considerations (MLS, etc.) influenced psychological reactions which in turn caused the rapid price increases; 3) shows that all existing housing demand models and housing...

Housing accounts for more than 80% of the built environment in most countries, and affects almost every facet of family life, human development and crime rate. The advent of the Internet and Telecommuting will continue to change housing needs and development patterns. The debate about affordable...

Many aspects of modern statistical analysis are based almost entirely on the mean-variance framework and its elements ndash; variance, semi-variance, correlation and Covariance. Unfortunately, these measures are very inaccurate and don't reflect the realities of phenomena, and are also...

This article analyzes a widely used energy (relativity) formula, E = MC2, and explains why the formula cannot be valid in space and on earth. The article then develops several methods for creating energy from light

This articles seeks to: 1) analyze and identify the various biases, tendencies and psychological factors that affect sellers in the US housing industry; and 2) develop new theories (testable hypothesis) of these psychological effects and Biases; 3) develop theoretical models for the sellers'...