School Quality and Residential Property Values: Evidence.
An August 2008 paper by Tsur Somerville and Kitson Swann of the Sauder School of Business UBC presents estimates of the extent to which houses are overpriced in major Canadian cities. The paper can be found on the website of the Centre for Urban Economics and Real Estate here. It’s certainly a very timely paper, on an important topic, and.
Tsur Somerville, Sauder School of Business and Christopher Mayer, Wharton School The shortage of quality affordable rental housing for low income households is a familiar subject of housing research studies. So is the effect of land use regulation on both the supply and price of new residential units. But seldom have studies linked the two issues.
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Brookings-Wharton Papers on Urban Affairs, 107-133. Mayer, Christopher and Todd Sinai. 2003. “Network Effects, Congestion Externalities, and Air Traffic Delays: Or Why Not All Delays Are Created Evil.” The American Economic Review, Vol. 93(4), 1194-1215. Christopher Mayer and Tsur Somerville. 2003. “Government Regulation and Changes in.
CUER Working Paper Fu Yuming, Daniel P. McMillen, and Tsur Somerville Land Assembly: Measuring Holdup December 2002 CUER Working Paper 02-08. . Finally, research most associated with Peter Colwell studies the relationship between lot size and value. This paper relates to aspects of all of these areas, making an exhaustive.
PAPERS (with Links to Working Paper Versions). Real Options: Irreversible Investment, Real Options and Competition: Evidence from Real Estate Development, 2009, Lead article in the Journal of Urban Economics, Vol. 65, pp. 237-251 (with Chris Mayer and Tsur Somerville). Real Options, Irreversible Investment and Firm Uncertainty: New Evidence from U.S. Firms, 2005, Review of Financial Economics.
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