The quot;Save Our Homes Amendmentquot; (SOHA) to Florida's constitution limits annual increases in the taxable value of a homestead property to 3% or the rate of inflation (whichever is less) as long as the property is owned by the same owner. The amount of property value protected from taxation...

We test the NBA betting market for efficiency and find that totals lines are significantly biased early each season, yet sides lines do not show a similar bias. While market participants generally force line movements in the correct direction from open to close, they do not fully remove the...

This paper examines the empirical complexities of using linear, log-linear, and nonlinear models to test for vertical property tax inequity in residential real estate data. We apply the existing vertical inequity models to real estate data from Lubbock, Texas. Subsequently, we use Monte Carlo...

A typical hedge fund manager receives greater compensation when the fund has a strong absolute or relative performance. Asymmetric performance fees and fund flow-performance relationship may create incentives for risk-shifting, estimated in our study by the change in fund return volatility in...