Measuring and monitoring the true level of mortgage delinquencies across an economy is essential for asset pricing and financial system stability. Yet public measures of mortgage default risk almost always use simple averages across pools of individual assets, including balance-sheet loans or...

Assessing the benefits of local consumption amenities is faced with two challenges. First, the benefits of consumption amenities (e.g. restaurants) are often spatially diffused. Evaluating the impact of consumption amenities on residents requires an understanding of how the amenity benefits...

Budget-constrained environmental agencies across the United States are limited in their ability to monitor water quality changes using traditional in situ sampling. Satellite-based monitoring systems represent a lower-cost alternative. It is unclear, however, how this transition will impact...

The present paper examines several issues involved in expanding national economic accounts and quantitative social indicators to include the 'consumption' of time. The first part examines this question in the context of the standard national economic accounts. It derives equilibrium conditions...

Although the stability of coefficients from hedonic regressions has received much attention recently, that of dummy variable (DV) price indexes obtained from these regressions has not. In principle, one problem translates into the other only when some prices are not observed in the data....