This study presents evidence of strategic behaviour in faculty/staff members' reports of willingness-to-pay at a public university. The results suggest that (1) students have a higher mean willingness-to-pay than faculty/staff and that (2) faculty/staff reject clear gains because they expect a...

Most studies that have examined the relationship between the housing market and the macroeconomy have focused on how changes in housing supply affect real activity and the like. In this paper, the possibility that housing starts respond to sudden changes or shocks to macroeconomic factors is...

This study examined the real estate markets of Europe, North America, and Asia using daily continental real estate indices. It applied a multivariate stochastic volatility model to analyze the behavior of volatility trends in these markets. The results showed comovements in volatilities,...

This article examines the spatial dependence among housing losses due to tornadoes using data from the May 1999 Oklahoma City tornado. In order to examine the existence of spatial dependence and its impacts on the damage analysis, we compare an estimation based on a traditional ordinary least...

This study examines the effect of severe wind events on the mean and variance of housing price indices of six metropolitan statistical areas (MSA) that are vulnerable to hurricanes and/or tornadoes. The research focuses on three areas that experienced significant tornado activity (Fort...