This paper is able to put together a data base of 86 repeat sales transactions for office properties in lower and mid town Manhattan spanning the years from 1899 through 1999. Using this very limited data base, decade-interval changes in real property prices are estimated - with varying degrees...

It has been more than 100 days since the first case of COVID-19 was detected in the US. Until most recently information on the spread of the disease was not available by geographic areas smaller than counties. In an earlier piece we found a significant positive impact of county density on the...

This paper examines the inflation in housing prices between 1998 and 2005 and investigates whether this run-up in prices can be explained by increases in demand fundamentals such as population, income growth, and the decline in interest rates over this period. Time series models are estimated...

“CoWorking” represents a new way of providing office space to corporate workers. Rather than companies acquiring dedicated space for their workforce at one or a few sites under long term leases (or ownership), companies contract with a “service provider” to have their workers housed...

This paper investigates how a system of local law enforecement agencies operates within a metropolitan area. In a cross section of 236 US MSA, the paper finds that greater agency fragmentation leads to less law enforcement effort, but also to less crime. This seemingly contradictory result is...