Real Estate Papers

Real Estate Papers

 
Wharton’s Real Estate Department seeks to produce sophisticated professionals with the necessary skills to succeed in the business world but who also have a broader perspective on the issues involved in creating and maintaining living and working environments. Relevant issues that department faculty examine include finance, investments, production, operations, development law, design, environmental remediation, public policy, economic market analysis, and architecture.

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Submissions from 2016

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The Vulnerability of Minority Homeowners in the Housing Boom and Bust, Patrick Bayer, Fernando V. Ferreira, and Stephen L. Ross

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Transparency in the Mortgage Market, Andrey Pavlov, Susan M. Wachter, and Albert Zevelev

Submissions from 2015

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Evaluating Seasonal Food Storage and Credit Programs in East Indonesia, Karna Basu and Maisy Wong

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A Proposal to Delineate Metropolitan Areas in Colombia, Gilles Duranton

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Growing Through Cities in Developing Countries, Gilles Duranton

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Roads and Trade in Colombia, Gilles Duranton

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Goods Prices and Availability in Cities, Jessie Handbury and David E. Weinstein

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Macroeconomic Risk Factors and the Role of Mispriced Credit in the Returns From International Real Estate Securities, Andrey Pavlov, Eva Steiner, and Susan M. Wachter

Submissions from 2014

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Productive Cities: Sorting, Selection, and Agglomeration, Kristian Behrens, Gilles Duranton, and Frédéric Robert-Nicoud

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Roads and Trade: Evidence from the US, Gilles Duranton, Peter M. Morrow, and Matthew A. Turner

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Does Gender Matter for Political Leadership? The Case of U.S. Mayors, Fernando V. Ferreira and Joseph Gyourko

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Improving Educational Quality Through Enhancing Community Participation: Results From a Randomized Field Experiment in Indonesia, Menno Pradhan, Daniel Suryadarma, Amanda Beatty, Maisy Wong, Arya Gaduh, Armida Alisjahbana, and Rima Prama Artha

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Estimating the Distortionary Effects of Ethnic Quotas in Singapore Using Housing Transactions, Maisy Wong

Submissions from 2013

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Marshallian Labour Market Pooling: Evidence From Italy, Monica Andini, Guido de Blasio, Gilles Duranton, and William C. Strange

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The Effect of Rising Income Inequality on Taxation and Public Expenditures: Evidence from U.S. Municipalities and School Districts, 1970–2000, Leah Boustan, Fernando V. Ferreira, Hernan Winkler, and Eric M. Zolt

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Pop Internationalism: Has Half a Century of World Music Trade Displaced Local Culture?, Fernando V. Ferreira and Joel Waldfogel

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Superstar Cities, Joseph Gyourko, Christopher Mayer, and Todd Sinai

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Real Estate Prices in Beijing, 1644 to 1840, Daniel Raff, Susan M. Wachter, and Se Yan

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Can Owning a Home Hedge the Risk of Moving?, Todd Sinai and Nicholas S. Souleles

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Estimating Ethnic Preferences Using Ethnic Housing Quotas in Singapore, Maisy Wong

Submissions from 2012

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The Productivity Advantages of Large Cities: Distinguishing Agglomeration From Firm Selection, Pierre-Philippe Combes, Gilles Duranton, Laurent Gobillon, Diego Puga, and Sébastien Roux

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Sorting and Local Wage and Skill Distributions in France, Pierre-Philippe Combes, Gilles Duranton, Laurent Gobillon, and Sébastien Roux

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The Effects of Land Transfer Taxes on Real Estate Markets: Evidence From a Natural Experiment in Toronto, Ben Dachis, Gilles Duranton, and Matthew A. Turner

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Urban Growth and Transportation, Gilles Duranton and Matthew A. Turner

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Heterogeneity in Neighborhood-Level Price Growth in the United States, 1993-2009, Fernando V. Ferreira and Joseph Gyourko

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Does Home Owning Smooth the Variability of Future Housing Consumption?, Andrew Paciorek and Todd Sinai

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Evaluating Conditions in Major Chinese Housing Markets, Jing Wu, Joseph Gyourko, and Yongheng Deng

Submissions from 2011

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California Dreamin’: The Feeble Case for Cluster Policies, Gilles Duranton

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Assessing the Effects of Local Taxation Using Microgeographic Data, Gilles Duranton, Laurent Gobillon, and Henry G. Overman

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Is the Division of Labour Limited by the Extent of the Market? Evidence From French Cities, Gilles Duranton and Hubert Jayet

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The Fundamental Law of Road Congestion: Evidence From US Cities, Gilles Duranton and Matthew A. Turner

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Anatomy of the Beginning of the Housing Boom: U.S. Neighborhoods and Metropolitan Areas, 1993-2009, Fernando V. Ferreira and Joseph Gyourko

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Subprime Lending and Real Estate Prices, Andrey Pavlov and Susan M. Wachter

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Immigration and the Neighborhood, Albert Saiz and Susan M. Wachter

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Understanding and Mitigating Rental Risk, Todd Sinai

Submissions from 2010

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Is SARS a Poor Man's Disease? Socioeconomic Status and Risk Factors for SARS Transmission, Grace Wong Bucchianeri

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Owning Versus Leasing: Do Courts Matter?, Pablo Casas-Arce and Albert Saiz

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The Value of School Facility Investments: Evidence From a Dynamic Regression Discontinuity Design, Stephanie Riegg Cellini, Fernando V. Ferreira, and Jesse Rothstein

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Estimating Agglomeration Economies With History, Geology, and Worker Effects, Pierre-Philippe Combes, Gilles Duranton, Laurent Gobillon, and Sébastien Roux

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Do School Entry Laws Affect Educational Attainment and Labor Market Outcomes?, Carlos Dobkin and Fernando V. Ferreira

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You Can Take It With You: Transferability of Proposition 13 Tax Benefits, Residential Mobility, and Willingness to Pay for Housing Amenities, Fernando V. Ferreira

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Housing Busts and Household Mobility, Fernando V. Ferreira, Joseph Gyourko, and Joseph Tracy

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Commitment, Risk, and Consumption: Do Birds of a Feather Have Bigger Nests?, Stephen H. Shore and Todd Sinai

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Feedback Between Real Estate and Urban Economics, Todd Sinai

Submissions from 2009

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Family Types and the Persistence of Regional Disparities in Europe, Gilles Duranton, Andrés Rodríguez-Pose, and Richard Sandall

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Realizing the Value of Corporate Real Estate Management, Steffen Hartmann, Peter D. Linneman, Andreas Pfnür, and Boris Siperstein

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Is This The Worst Ever Yet?, Peter D. Linneman

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Mortgage Put Options and Real Estate Markets, Andrey Pavlov and Susan M. Wachter

Submissions from 2008

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Spatial Wage Disparities: Sorting Matters!, Pierre-Philippe Combes, Gilles Duranton, and Laurent Gobillon

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Exploring the Detailed Location Patterns of UK Manufacturing Industries Using Microgeographic Data, Gilles Duranton and Henry G. Overman

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Rising Trade Costs? Agglomeration and Trade With Endogenous Transaction Costs, Gilles Duranton and Michael Storper

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Housing Supply and Housing Bubbles, Edward L. Glaeser, Joseph Gyourko, and Albert Saiz

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How We Got to the Credit Crisis, Peter D. Linneman

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Evaluating the Decision to Own Corporate Real Estate, Peter D. Linneman and Frank Pfirsching

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How Should Commercial Real Estate Be Priced?, Peter D. Linneman and David Rubenstein

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Is This the Worst Ever?, Peter D. Linneman and John Williams

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Tax Expenditures for Owner-Occupied Housing: Deductions for Property Taxes and Mortgage Interest and the Exclusion of Imputed Rental Income, James Poterba and Todd Sinai

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What Is a Tree Worth? Green-City Strategies, Signaling and Housing Prices, Susan M. Wachter and Grace Wong

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Has SARS Infected the Property Market? Evidence From Hong Kong, Grace Wong

Submissions from 2007

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A Unified Framework for Measuring Preferences for Schools and Neighborhoods, Patrick Bayer, Fernando V. Ferreira, and Robert McMillan

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Urban Evolutions: The Fast, the Slow, and the Still, Gilles Duranton

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Some Observations on Real Estate Entrepreneurship, Peter D. Linneman

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Immigration and Housing Rents in American Cities, Albert Saiz

Submissions from 2006

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Labour Pooling, Labour Poaching, and Spatial Clustering, Pierre-Philippe Combes and Gilles Duranton

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Some Foundations for Zipf's Law: Product Proliferation and Local Spillovers, Gilles Duranton

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The Inevitability of Marketwide Underpricing of Mortgage Default Risk, Andrey Pavlov and Susan M. Wachter

Submissions from 2005

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Banking for the Poor: Evidence From India, Robin Burgess, Rohini Pande, and Grace Wong

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Agglomeration and the Adjustment of the Spatial Economy, Pierre-Philippe Combes, Gilles Duranton, and Henry G. Overman

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Testing for Localization Using Micro-Geographic Data, Gilles Duranton and Henry G. Overman

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From Sectoral to Functional Urban Specialisation, Gilles Duranton and Diego Puga

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Assessing High House Prices: Bubbles, Fundamentals and Misperceptions, Charles Himmelberg, Christopher Mayer, and Todd Sinai

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Listening to What the World Says: Bilingualism and Earnings in the United States, Albert Saiz and Elena Zoido

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Owner-Occupied Housing as a Hedge Against Rent Risk, Todd Sinai and Nicholas S. Souleles

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Do Low-Income Housing Subsidies Increase the Occupied Housing Stock?, Todd Sinai and Joel Waldfogel

Submissions from 2004

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The Asset Price Incidence of Capital Gains Taxes: Evidence From the Taxpayer Relief Act of 1997 and Publicly-Traded Real Estate Firms, Todd Sinai and Joseph Gyourko

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The (Un)Changing Geographical Distribution of Housing Tax Benefits: 1980 to 2000, Todd Sinai and Joseph Gyourko

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Geography and the Internet: Is the Internet a Substitute or a Complement for Cities?, Todd Sinai and Joel Waldfogel

Submissions from 2003

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The Spatial Distribution of Housing-Related Ordinary Income Tax Benefits, Joseph Gyourko and Todd Sinai

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Network Effects, Congestion Externalities, and Air Traffic Delays: Or Why Not All Delays Are Evil, Christopher Mayer and Todd Sinai

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Impossible, Impracticable, or Just Expensive? Allocation of Expense of Ancillary Risk in the CMBS Market, Georgette Chapman Phillips

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Room in the Kitchen for the Melting Pot: Immigration and Rental Prices, Albert Saiz