Theories of the size of government focus on either the demand for government or the supply of tax revenues. Demand side theories such as those of Peltzman, Meltzer and Richard, Husted and Kenny, and Lott and Kenny are essentially political theories. They emphasize the role of voters or interest...

This paper combines an empirical methodology and a theoretical options approach to determine the real option values of development and delay for vacant parcels of land in the City of Chicago. A theoretical options model provides an option price that incorporates future uncertainty. The data...

Built on the foundation of economic principles, real estate offers many pursuits of academic discovery within the realm of finance. This dissertation examines three areas of real estate finance. In the first chapter, I use the unique real estate characteristics of heterogeneity, immobility, and...