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, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Alternative Mortgages Contracts
 
Presiding:Amy Crews Cutts, Freddie Mac

Thomas Davidoff, UC Berkeley -- Housing, Health, and Annuities

M. Shahid Ebrahim, Nottingham University, Mark B. Shackleton, Lancaster University, Rafal M. Wojakowski, Lancaster University -- Participating Mortgages and the Efficiency of Financial Intermediation

Michael LaCour-Little, California State University - Fullerton, Jing Yang, California State University af Fullerton -- Pay Me Now or Pay Me Later: Alternative Mortgage Products and Housing Consumption

Kathleen w Johnson, Federal Reserve Board, Geng Li, Federal Reserve Board -- The Consumption of ARM Borrowers

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Amy Crews Cutts, Freddie Mac
Deputy Chief Economist
Freddie Mac
Office of the Chief Economist
8200 Jones Branch Drive
Mail Stop 484
McLean, VA 22102-3107
Tele: (703) 903-2321   Fax: (703) 903-4045
Email: amy_crews_cutts@freddiemac.com

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Bad Credit
 
Presiding:Michael Fratantoni, Washington Mutual

Robert B Avery, Federal Reserve System, Kenneth P Brevoort, Federal Reserve Board, Glenn B Canner, Federal Reserve Board -- Insights from Credit Record Data on the Current Mortgage Market Crisis

Eric Rosenblatt, Vincent Yao, Fannie Mae, John Harding, University of Connecticut -- Neighborhood Pricing Externalities of Foreclosures: An Event Study

Yongping Liang, Fannie Mae, Cristian deRitis, Fannie Mae, Chionglong Kuo, Fannie Mae -- Payment Shock and Subprime Mortgage Performance

, , Alexei Tchistyi, Stern NYU -- The Inefficiency of Refinancing: Why Prepayment Penalties Are Good for Risky Borrowers

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Michael Fratantoni, Washington Mutual
Economic Strategist
Washington Mutual
Enterprise Risk Management
1301 Second Avenue
11th floor - WMC1102
Seattle, WA 98101
Tele: (206) 500-1448
Tele: (206) 500-1448
Email: michael.fratantoni@wamu.net

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Behavior of Homeowners
 
Presiding:Jenny Schuetz, City College of New York

Gary V Engelhardt, Syracuse University, Michael D. Eriksen, Syracuse University, William G. Gale, Brookings Institution, Gregory B. Mills, Abt Associates -- Homeownership Incentives and Household Formation: Experimental Evidence for Low-Income Households

Michael K Hollar, Joseph B Nichols, Board of Governors of Federal Reserve System, Anthony M Yezer, George Washington University -- Should Households Hold the Market Portfolio? The Effects of Localized House Price Risks on Portfolio Allocation

Grace Wong, The Wharton School -- The American Dream? Private and External Benefits of Homeownership

Kerry D Vandell, University of California-Irvine -- Valuing the Element of Control in Home Ownership: A Conceptual Framework

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Jenny Schuetz, City College of New York
Assistant Professor
City College of New York
Economics Department
160 Convent Avenue
NAC 5/144A
New York, NY 10031
Tele: (212) 650-6209
Tele: (212) 650-6209
Email: jschuetz@ccny.cuny.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Big Cities & Small Cities
 
Presiding:Cinda L. Smith, AREUEA

David Yves Albouy, University of Michigan -- Are Big Cities Really Bad Places to Live? Improving Quality-of-life Estimates across Cities

Matthew Freedman, Cornell University, Jason Faberman, Federal Reserve Bank of Philadelphia -- Can Competition and Selection Account for Observed Agglomeration Economies?

Gerald anthony Carlino, Federal Reserve Bank of Philadelphia, albert Saiz, University of Pennsylvania -- City Beautiful: New Evidence of Amenities and Urban Growth

Wen-Chi Liao, National University of Singapore -- Outsourcing, Inequality, and Cities

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Cinda L. Smith, AREUEA
Executive Director
AREUEA
PO Box 9958
Richmond, VA 23005
Tele: (866) 273-8321   Fax: (877) 273-8323
Email: cinda@areuea.org

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Buildings
 
Presiding:Henry J. Munneke, University of Georgia

John Quigley, University of California, Piet M.A. Eichholtz, Maastricht University, Nils Kok Drs., Maastricht University -- Doing Well by Doing Good? Green Office Buildings

John E Anderson, University of Nebraska -- Like-Kind Exchanges

Edward Coulson, Pennsylvania State University, Lynn Fisher, Massachusetts Institute of Technology -- Structure and Tenure

John M Clapp, University of Connecticut, Katsiaryna Salavei, Fairfield University -- Teardowns and McMansions: The Value of Altering Hedonic Characteristics

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Henry J. Munneke, University of Georgia
Professor
University of Georgia
Department of Real Estate
Athens, GA 30602-6255
Tele: (706) 542-0496   Fax: (706) 542-4295
Email: hmunneke@terry.uga.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Efficiency of Real Estate Markets
 
Presiding:Tien Foo Sing, National University of Singapore

Wenlan Qian, University of California, Berkeley, Robert Edelstein, University of California at Berkeley, Desmond Tsang, McGill University -- How Do Institutional Factors Affect International Real Estate Returns?

Colin Lizieri, University of Reading, Gianluca Marcato, University of Reading, Paul Ogden, Bank of America, Andrew Baum, University of Reading -- Pricing Inefficiencies in Private Real Estate Markets Using Total Return Swaps

, Alexei Tchistyi, Stern NYU -- Stochastic House Appreciation and Optimal Mortgage Lending

Abdullah Yavas, Pennsylvania State University, Nuriddin Ikromov, Pennsylvania State University -- What Affects the Efficiency of the Real Estate Market: An Experimental Study

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Tien Foo Sing, National University of Singapore
Associate Professor
National University of Singapore
Department of Real Estate
4 Architecture Drive
Singapore, 0 117566   Singapore

Tele: 65-6516-4533   Fax: 65-6774-8684
Email: rststf@nus.edu.sg

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Housing in the Macro Economy
 
Presiding:Cinda L. Smith, AREUEA

Charles Ka Yui Leung, City University of Hong Kong, Wing Leong Teo, National Taiwan University -- Do the Equilibrium Correlations of Asset Price Change with Monetary Policies?

Morris A. Davis, University of Wisconsin, Robert F Martin, Federal Reserve Board -- Housing, Home Production, and the Equity and Value Premium Puzzles

Miki Seko, Keio University, Kazuto Sumita, Kanazawa Seiryo University -- Residential Moility and Housing Equity in Japan

Karl E. Case, Wellesley College, Robert J. Shiller, Yale/Cowles -- The Behavior of Home Buyers over the Housing Cycle: Survey Data 1988-2008

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Cinda L. Smith, AREUEA
Executive Director
AREUEA
PO Box 9958
Richmond, VA 23005
Tele: (866) 273-8321   Fax: (877) 273-8323
Email: cinda@areuea.org

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Housing Policy
 
Presiding:Min Hwang, The George Washington University

Raphael W Bostic, University of Southern California, Christian L Redfearn, University of Southern California, Breck L Robinson, University of Delaware -- Financing Urban Development: The Role of Community Development Financial Institutions

Zsuzsa H. Huszár, California State Polytechnic University, George H. Lentz, California State Polytechnic University, Wei Yu, California State Polytechnic University -- Home Mortgage Disclosure Act’s Information on Fair Lending: Do Lenders Care for Their Reputation

Leah Brooks, McGill University, Justin Phillips, Columbia University -- Inside the Gift Horse's Mouth: City Spending, Political Institutions, and the Community Development Block Grant Program

Stuart A Gabriel, UCLA, Stuart S Rosenthal, Syracuse University -- The GSEs, CRA, and Homeownership in Targeted Underserved Neighborhoods

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Min Hwang, The George Washington University
Michael Shehadi Professorial Fellow/Assistant Prof
The George Washington University
Department of Finance
School of Business
2201 G Street, NW
Washington, DC 20052
Tele: (202) 994-9465   Fax: (202) 994-5014
Email: min@gwu.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Housing Transactions
 
Presiding:Richard K Green, The George Washington University

YuenLeng Chow, Pennsylvania State University, Abdullah Yavas, Pennsylvania State University -- Auction versus Negotiated Sales: The Case of Unique versus Uniform Property Types

Peter Chinloy, American University, William Hardin III, Florida International University, Zhonghua Wu, Florida Internatioinal University -- Owner Actions and Thinly-Traded Assets

Rainer Schulz, University of Aberdeen, Martin Wersing, Humboldt-Universität zu Berlin, Axel Werwatz, Technische Universität Berlin -- Renting versus Owning and the Role of Income Risk: The Case of Germany

Antonio Merlo, Francois Ortalo-Magne, University of Wisconsin, John Rust -- The Home Selling Problem: Theory and Evidence

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Richard K Green, The George Washington University
Oliver T. Carr Professor of Real Estate Finance
The George Washington University
Department of Finance
School of Business
2023 G. Street, NW
Washington, DC 20052
Tele: (202) 994-2377   Fax: (202) 994-5014
Email: drgreen@gwu.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Institutional Investments in Real Estate Portfolio
 
Presiding:Barbara Bukhvalova, Norwegian School of Management, bi

Shaun A Bond, University of Cambridge, Paul Mitchell -- Alpha and Persistence in Real Estate Fund Management Performance

Paul Anglin, University of Guelph, Yanmin Gao, University of Alberta -- Integrating Illiquid Assets into the Portfolio Decision Process

Jim Clayton, Pension Real Estate Association -- Pension Fund Allocations to Equity Real Estate:

Kiat-Ying Seah, National University of Singapore, James D Shilling, DePaul University -- Pension Plan Allocation to Real Estate when Plan Trustees have Reputational Utility

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Barbara Bukhvalova, Norwegian School of Management, bi
Norwegian School of Management, bi
Finance Department
Nydalsveien 37
Oslo, 0 NO-0442   Norway

Tele: 47-4641-0501
Tele: 47-4641-0501
Email: Barbara.bukhvalova@bi.no

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Metropolitian Housing Markets
 
Presiding:Tsur Somerville, University of British Columbia

Lu Han, University of Toronto, Seung-Hyun Hong, University of Illinois -- Entry and Inefficiency in the Real Estate Brokerage Industry

Gary Dean Painter, University of Southern California, Zhou Yu, University of Utah -- Immigrants and the Housing Markets in Mid-Size Metropolitan Areas

Kenneth P. Sanford, University of Kentucky, William Hoyt, University of Kentucky -- Is the Grass Greener on the Other Side of the River?: The Choice of Where to Work and Where to Live for Movers

Steele Marion, Guelph -- Urban Sprawl, Income, and High Education Levels

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Tsur Somerville, University of British Columbia
Associate Professor
University of British Columbia
Sauder School of Business
2053 Main Mall
Vancouver, BC, BC V6T 1Z2   Canada

Tele: (604) 822-8343   Fax: (604) 822-8477
Email: tsur.somerville@sauder.ubc.ca

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Neighborhood Choice
 
Presiding:William Chal Strange, University of Toronto

Ingrid Gould Ellen, New York University, Katherine ORegan, Nyu -- The Dynamics of Neighborhood Change: Who Moves Into and Out of Improving Neighborhoods?

Ron Cheung, Florida State University -- The Effect of Private Governments on the Local Revenue Structure

Richard W Martin, University of Georgia -- The Incidence and Persistence of Gentrification in American Cities

Junfu Zhang, Clark University -- Tipping and Residential Segregation: A Unified Schelling Model

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   William Chal Strange, University of Toronto
University of Toronto
Rotman School of Management
105 St. George Street
Toronto, ON M5S 3E6   Canada

Tele: (416) 978-1949   Fax: (416) 978-5433
Email: wstrange@rotman.utoronto.ca

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Property Tax
 
Presiding:Daniel P McMillen, University of Illinois at Chicago

Randall Reback, Barnard College -- Preference Aggregation and Property Tax Price Discrimination in an Imperfect Tiebout World

Yong Chen, University of Cambridge, John M Clapp, University of Connecticut, Dogan Tirtiroglu, University of Adelaide -- Property Tax Policy and China’s Special Economic Zones: Evidence from the Shenzhen Metropolitan Area

Brent C Smith, Virginia Commonwealth University, John W Birch, University of Wyoming, Mark A Sunderman, University of Wyoming -- Residential Property Tax Inequity

Virginia D. McConnell, UMBC, Matthias Cinyabuguma, UMBC -- Urban Growth Externalities and Neighborhood Incentives: Another Cause of Urban Sprawl?

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Daniel P McMillen, University of Illinois at Chicago
Professor
University of Illinois at Chicago
Economics (MC144)
601 S. Morgan Street
Chicago, IL 60607-7124
Tele: (312) 413-2100   Fax: (312) 996-3344
Email: mcmillen@uic.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Real Estate & Regulatory Impacts
 
Presiding:Austin J Jaffe, Pennsylvania State University

Carolyn A Dehring, University of Georgia, Craig A Depken, University of North Carolina at Charlotte, John F Chamblee, Coweeta LTER, Peter F Colwell -- Conservation Decisions and Land Prices

Gregory S. Burge, University of Oklahoma, Keith R. Ihlanfeldt -- Development Impact Fees and Employment

Douglas James Krupka, Institute For The Study of Labor (IZA), Douglas Simpson Noonan, Georgia Institute of Technology -- Making -- or Picking -- Winners: Evidence of Takings and Spillovers in Chicago's Historic Preservation Policies

Christopher Robert Cunningham, Federal Reserve Bank of Atlanta -- Timing and Determinants of Annexation

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Austin J Jaffe, Pennsylvania State University
Sieg Professor
Pennsylvania State University
Smeal College of Business
381 Business Building
University Park, PA 16802-3603
Tele: (814) 865-1938   Fax: (814) 865-6284
Email: ajj@psu.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Real Estate Performance Measurment
 
Presiding:Michael J. Highfield CFA, Mississippi State University

Crocker Liu, Arizona State University, Jerry Kallberg, Paolo Pasquariello, Ross School of Business -- Is There Excess Comovement in the U.S. Real Estate Markets?

Russell Myers Price, Howard University, John L. Glascock, Cambridge University, Lynne J. Kelly, Howard University -- Measuring Contagion Across National Real Estate Securities Indices

Yuming Fu, National University of Singapore, Sau Kim Lum, National University of Singapore, Fook Jam Cheng, National University of Singapore -- Tracking Residential Market Movements

Sheharyar Bokhari, Massachusetts Institute of Technology, David Geltner, Massachusetts Institute of Technology -- Two-stage Estimation of Real Estate Price Movements for High Frequency Tradable Indexes in a Scarce Data Environment

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Michael J. HighfieldCFA, Mississippi State University
Assistant Professor
Mississippi State University
Department of Finance and Economics
102 Lydia Lane
Starkville, MS 39759-5504
Tele: (662) 325-1984   Fax: (662) 325-1977
Email: m.highfield@msstate.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: REITs & Corporate Investment Decisions
 
Presiding:Wayne R Archer, University of Florida

Erasmo Giambona, University of Amsterdam, Armin Schwienbacher, University of Amsterdam -- Debt Capacity of Tangible Assets: What is Collateralizable in the Debt Market?

David C. Ling, University of Florida, Melina Petrova, Syracuse University -- Differences in Acquirer Motivations, Announcement Effects, Target Characteristics, and Financing in Private versus Public Acquisitions: The Case of REITs

Suresh Sundaresan, Columbia University, Neng Wang, Columbia University -- Financing Real Options

Alan D. Crane, University of Texas at Austin, Jay C. Hartzell, University of Texas at Austin -- Is There a Disposition Effect in Corporate Investment Decisions? Evidence from Real Estate Investment Trusts

Brent W Ambrose, Pennsylvania State University, Dong Wook Lee, Korea University -- REIT Capital Budgeting and Equity Marginal Q

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Wayne R Archer, University of Florida
Professor
University of Florida
Department of Finance and Real Estate
Stuzin Hall, Room 301
Gainesville, FL 32611-7168
Tele: (352) 273-0314   Fax: (352) 392-0301
Email: wayne.archer@cba.ufl.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: REITs Returns & Investments
 
Presiding:David H Downs, Virginia Commonwealth University

Yildiray Yildirim, Syracuse University, Bradford Case, National Association of Real Estate Investment Trusts, Yawei Yang, Syracuse University -- Dynamic Correlations Among Asset Classes: REIT and Stock Returns

Seow Eng Ong, National University of Singapore, Joseph Ooi, Pennsylvania State University, Yuichiro Kawaguich, WASEDA -- Equity Fund Offerings: Evidence from Japan and Singapore REITs

James D Shilling, DePaul University, Tammie Ximone Simmons-Mosley, California State University - East Bay, Richard Chung, The Hong Kong Polytechnic University, Scott Fung, California State University - East Bay -- Is There a Link between Synchronicity and Hedge Fund Ownership in REIT Stocks?

Holly Horrigan, MIT, Henry Pollakowski, Massachusetts Institute of Technology -- REIT-Based Commercial Property Return Indices for Property- and Region-Specific Investment in Real Estate

Carolina Fugazza, of Turin and Collegio Carlo Alberto, Massimo Guidolin, Federal Reserve of St. Louis & Manchester Business School, Giovanna Nicodano, Università di Torino and Collegio Carlo Alberto -- Time and Risk Diversification in Real Estate Investments: Assessing the Ex Post Economic Value

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   David H Downs, Virginia Commonwealth University
The Alfred L. Blake Chair of Real Estate
Virginia Commonwealth University
School of Business
PO Box 844000
1015 Floyd Avenue
Richmond, VA 23284-4000
Tele: (804) 828-2410   Fax: (804) 828-0385
Email: dhdowns@vcu.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Squatting
 
Presiding:Stephen Malpezzi, University of Wisconsin

Jan K Brueckner, University of California -Irvine, Harris Selod, Paris School of Economics -- A Theory of Urban Squatting and Land-Tenure Formalization in Developing Countries

Stephen Charles Sheppard, Williams College -- Informal Sprawl

M S Deepak, University of Florida, Steven M Slutsky, University of Florida, Burcin Unel, Bogazici University -- Optimal Public Housing Policy in the Presence of Squatting

Liang Peng, University of Colorado at Boulder, Thomas Thibodeau, University of Colorado-Boulder -- When Governments are Entrepreneurs: Land Monopoly and Land Leasing in China

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Stephen Malpezzi, University of Wisconsin
Professor and Department Chair
University of Wisconsin
The James A. Graaskamp Center for Real Estate
School of Business
975 University Avenue
Madison, WI 53706-1323
Tele: (608) 262-6007   Fax: (608) 265-2738
Email: smalpezzi@bus.wisc.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Subprime Lending
 
Presiding:Anthony B. Sanders, Arizona State Universtiy

James Berkovec, Freddie Mac, Yan Chang, Freddie Mac, Douglas McManus, Freddie Mac -- Alternative Lending Channels and the Crisis in U.S. Housing Markets

Man Cho, The KDI School of Public Policy and Mgt., Tyler Yang, IFE Group, Cary Lin -- Pricing Failure of Subprime CDO Tranches: What Went Wrong?

Nancy Wallace, University of California-Berkeley, Richard Stanton, University of California, Berkeley -- Residential House Price Volatility and the Myth of Over Collateralization

Andrey Pavlov, University of Pennsylvania, Susan Wachter, University of Pennsylvania -- Subprime Lending and House Price Volatility

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Anthony B. Sanders, Arizona State Universtiy
Bob Herberger Arizona Heritage Chair
Arizona State Universtiy
Department of Finance
W.P. Carey School of Business, BAC 581
PO Bo 873906
Tempe, AZ 85287-3906
Tele: (480) 965-6819   Fax: (480) 965-8539
Email: anthony.b.sanders@asu.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Subprime: How Did This Happen?
 
Presiding:Richard Buttimer Jr, University of North Carolina-Charlotte

Jon Garfinkel, University of Iowa, Jay Sa-Aadu, University of Iowa -- A Decade of Living Dangerously: The Causes and Consequences of the Subprime Mortgage Financial Crises

Robert B Avery, Federal Reserve System, Ron Borzekowski, Federal Reserve System, Brent Goldfarb, University of Maryland -- Originations of the Subprime Mortgage Collapse

Dennis R. Capozza, University of Michigan, Robert Van Order, University of Michigan -- Subprime Debacle: Lax Underwriting or Local Economic Conditions?

Dwight M Jaffee, University of California at Berkeley -- The U.S. Subprime Mortgage Innovation: Issues Raised and Lessons Learned

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Richard ButtimerJr, University of North Carolina-Charlotte
Associate Professor
University of North Carolina-Charlotte
Department of Finance & Business Law
9201 University City Blvd.
Charlotte, NC 28223-0001
Tele: (704) 687-6219
Tele: (704) 687-6219
Email: buttimer@email.uncc.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 3- 6, 2009, San Francisco, California


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Tenure Choice in Housing
 
Presiding:Amy S Bogdon, Federal Housing Finance Board

Susan Wachter, University of Pennsylvania, Paul S. Calem, Freddie Mac, Lemene Wakjira, Freddie Mac -- An Analysis of Homownership Rate Differentials Across Metropolitan Areas

Patric H Hendershott, Rachel Ong, Curtin University of Technology, Gavin A. Wood, RMIT University, Paul Flatau, Murdoch University -- Marital History and Home Ownership: Evidence from Australia

Thomas P Boehm, University of Tennessee, Alan M Schlottmann, University of Nevada-LasVegas -- The Dynamics of Housing Choice across Three Decades: Evidence from the Panel Study of Income Dynamics

Takashi Yamashita, Reed College -- The Effect of the G.I. Bill on Homeownership

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Amy S Bogdon, Federal Housing Finance Board
Federal Housing Finance Board
Office of Supervision
1625 Eye St., NW
Washington, DC 20006
Tele: (202) 408-2546
Tele: (202) 408-2546
Email: bogdona@fhfb.gov

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203