In this paper, we empirically examine differences in subprime borrower default decisions by Census tract characteristics in order to clarify how the subprime foreclosure crisis played out in minority areas. An innovation in our modeling approach is that we do not constrain the impact of...

This paper evaluates the effectiveness of a particular state intervention in local land use decision-making in order to better understand how local land use (and possibly other) decisions can be coordinated. I develop a screening model to formalize expectations about permitting outcomes under...

In this paper we investigate the organizational architecture of development firms. We use the special case of green building which we expect to raise both the uncertainty of direct development costs and payoffs as well as the bargaining costs of development to investigate if and how firms change...