ECN 745 Assignments

ECN 745 – Spring 2021
Urban and Real Estate Economics
Stuart S. Rosenthal

DATE   ASSIGNMENT (All Assignments are Subject to Change)
    PART I – Productivity and Cities
    Scale Economies and Transport Costs in City Formation
Feb 8, 10, 15, 17   Evidence on the Nature and Sources of Agglomeration Economies, Ch 49, Handbook of Regional and Urban Economics (2004)
    The Micro-Empirics of Agglomeration Economies
    Krugman, Paul, Localization, Chapter 2 in Geography and Trade, MIT Press, 33-67, (1991).
    The Geographic Scope of Agglomeration Economies
    Geography, Industrial Organization and Agglomeration
Feb 22, 24, March 1   How Close is Close? The Spatial Reach of Agglomeration Economies
    The Attenuation of Human Capital Spillovers
    Building Specialization, Anchor Tenants and Agglomeration Economies
    Measuring Agglomeration and City Borders
    Testing for Localisation Using Micro-Geographic DataWhat Causes Industry Agglomeration? Evidence from Coagglomeration Patterns
    Building(s and) cities: Delineating urban areas with a machine learning algorithm
March 3  (Jooyoung & Jorge)   What is Different About Urbanization in Rich and Poor Countries? Cities in Brazil, China, India and the United States
    Cities, Lights and Skills in Developing Economies
    Microfoundations of Agglomeration Economies
March 8 (Joyce & Zhe)   Cities and Skills
March 10 (Kyuhan & Brian   Learning By Working in Big Cities
    Local Government Policy and Growth
March 17 (Harrison & Matt)   The Political Economy of Coastal Development
March 22 (Zhouran & Fan)   Political favoritism in China’s capital markets and its effect on city sizes 
March 24   Tax Avoidance and Business Location in a State Border Model
    PART 2: Change and Persistence Within and Across Cities
March 24   Change and Persistence in the Economic Status of Neighborhoods and Cities, pg 1048-1054, 1088-1106, Handbook of Regional and Urban Economics (2015)
    Local Amenities and Life Cycle Migration: Do People Move for Jobs or Fun?
    Power Couples: Changes in the Locational Choice of the College Educated, 1940-1990
March 29, 31 Prof Urban Decline and Durable Housing
    Urban Evolutions: The Fast, the Slow, and the Still
    Industry Churning and the Evolution of cities: Evidence for Germany
    Urban Growth and Transportation
    Does investment in national highways help or hurt hinterland city growth?
April 5, 7, 12 Prof Change and Persistence in the Economic Status of Neighborhoods and Cities, pg 1054-1088, Ch Handbook of Regional and Urban Econ (2015)
    Did Highways Cause Suburbanization?
    Why Do the Poor Live in Cities? The Role of Public Transport
    Old Homes, Externalities, and Poor Neighborhoods: A Model of Urban Decline and Renewal
    Gentrification and Neighborhood Cycles: Will America’s Future Downtowns Be Rich?
    Are Private Markets and Filtering a Viable Source of Low-Income Housing? Estimates from a “Repeat Income” Model
    PART 3: Uncertainty and Volatility in Real Estate Markets
    Real Options in Urban Development
April 14 Prof Investment Under Uncertainty, Ch 1 and 2, Dixit and Pindyck
April 19  Kyuhan Growth Controls, Real Options and Land Development
  Jorge House Price Uncertainty, Timing of Development, and Vacant Land Prices: Evidence for Real Options in Seattle
April 21   NO CLASS
    Marketing Real Estate Under Uncertainty
April 26   The Microstructure of Housing Markets: Search, Bargaining, and Brokerage” Handbook of Regional and Urban Economics, Volume 5
  Jooyoung What is the Role of the Asking Price for a House?
  Joyce Bidding Wars for Houses
    Efficiency and Boom-Bust Episodes in Real Estate Markets
April 28 Prof

A Nation of Gamblers: Real Estate Speculation and American History
Housing Supply and Housing Bubbles 
Why do home prices appreciate faster in central cities?

May 3 Harrison Housing Price Bubbles, New Supply and Within-City Dynamics
  Fan A Real Estate Boom With Chinese Characteristics
    Land Supply Restrictions
May 5 Zhouran To Build Above the Limit? Implementation of Land Use Regulations in Urban China
  Zhe Measuring the Stringency of Land Use Regulations
    PART 4: Additional Topics
    Mortgage Default and Home Prices
May 10 Brian The Contagion Effect of Neighboring Foreclosures
    Estimates of the Size and Source of Price Declines Due to Nearby Foreclosures
    Crime and Property Markets
  Matt Terrorism and the value of proximity to public transportation: Evidence from the 2005 London bombings
    Do Foreclosures Cause Crime
    COVID-19 and Cities
May 12 Prof Are City Centers Losing Their Appeal? Commercial Real Estate, Urban Spatial Structure, and COVID-19
    JUE Insight: The geographic spread of COVID-19 correlates with the structure of social networks as measured by Facebook