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Research
Working Papers
The Lusk Center for Real Estate publishes papers on a wide-ranging
set of topics including real estate finance and investments, land use,
transportation, urban growth and regulation, asset pricing, and the like.
These papers reflect real estate research undertaken by faculty in the Marshall
School of Business, School
of Policy, Planning, and Development and the Law School. Papers are available electronically below. For hard copies, contact Nina Tibayan.
2008 Series | 2007 Series | 2006 Series | 2005 Series |
2004 Series | 2003
Series | 2002
Series | 2001 Series | 2000
Series | 1999 Series
2008 Series
| # |
Title |
Author(s) |
Download |
| 2008-1001 |
Ethnic Enclave Residence & Employment Accessibility of Latino Workers in Chicago, Los Angeles, Washington DC |
Cathy Yang Liu |
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2007 Series
| # |
Title |
Author(s) |
Download |
| 2007-1007 |
Estimation, Interpretation, and Hypothesis Testing for
Nonparametric Hedonic House Price Functions |
Daniel P. McMillen & Christopher Redfearn |
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| 2007-1006 |
Economic Redevelopment and the Community Benefits Program: A Case
Study of the L.A. Live Project, A Los Angeles Sports and Entertainment
District. |
Leland Saito |
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| 2007-1005 |
Entertainment-Retail Centers in Hong Kong and Los Angeles: Trends and Lessons |
Clara Irazabal and Surajit Chakravarty |
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| 2007-1004 |
Determinacy in Urban Form: Fixed Investment & Path Dependence in Urban Areas |
Christian L. Redfearn |
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| 2007-1003 |
Neighborhood Stability & Change:
Unbundling the Dynamics of Place and Race in Los Angeles
1940-2000 |
Philip Ethingtion and Christian L. Redfearn |
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| 2007-1002 |
Urban Complexity & Parameter Instability:
Assessing Amenity Capitalization in the
Presence of External Heterogeneity |
Christian L. Redfearn |
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| 2007-1001 |
Urban Spatial Structure and Economic Growth in US Metropolitan Areas |
Bumsoo Lee and Peter Gordon |
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2006 Series
| # |
Title |
Author(s) |
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| 2006-1013 |
Land Leverage:
Decomposing Home Price Dynamics |
Raphael W. Bostic, Stanley D. Longhofer, Christian Redfearn |
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| 2006-1012 |
Subordinations Levels in Structured Financing |
Xudong An, Yongheng Deng and Anthony B. Sanders |
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| 2006-1011 |
Shapley Cost Allocation Coincides with Relative Status: The Case of Skyscrapers |
Danny Ben-Shahar, Yongheng Deng, and Eyal Sulganik |
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| 2006-1010 |
Insurance Premium Structure of Reverse Mortgage Loans in Korea |
Seungryul Ma and Yongheng Deng |
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| 2006-1009 |
Secondary Mortgage Markets and Access to Credit: 1992-2002 |
Stuart A. Gabriel and Stuart S. Rosenthal |
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| 2006-1008 |
Has homeownership been inflated? The role of variable household
formation in distorting homeownership rates between groups and
over time |
Dowell Myers and Zhou Yu |
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| 2006-1007 |
Spatial Dependence and Neighborhood Effects in Mortgage Lending:
A Geographically Weighted Regression Approach |
Duan Zhuang |
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| 2006-1006 |
Have the Affordable Housing Goals been a Shield against Subprime? Regulatory Incentives and the Extension of Mortgage Credit |
Xudong An and Raphael W. Bostic |
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| 2006-1005 |
GSE Activity, FHA Feedback, and Implications for the Efficacy of the Affordable Housing Goals |
Xudong An and Raphael W. Bostic |
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| 2006-1004 |
'Edge' or 'Edgeless Cities'? Urban Spatial Structure in US Metropolitan Areas, 1980 to 2000 |
Bumsoo Lee |
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| 2006-1003 |
Community Engagement in Planning and Development: Neighborhood Councils in Los Angeles |
Mark Elliot, Kyu-Nahm Jun, and Juliet Musso |
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| 2006-1002 |
Funding Innovations for California Infrastructure: Promises and Pitfalls |
Ellen Hanak and Kim Rueben |
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| 2006-1001 |
Illiquidity and Pricing Biases in the Real Estate Market |
Zhenguo Lin and Kerry D. Vandell |
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2005 Series
| # |
Title |
Author(s) |
Download |
| 2005-1013 |
Do the GSEs Matter to Low-Income Housing Markets? An Assessment of the Effects of the GSE Loan Purchase Goals on California Housing Outcomes (Revised) |
Raphael W. Bostic and Stuart A. Gabriel |
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| 2005-1012 |
Are Underserved Borrowers Lower Risk? New Evidence on the Performance and Pricing of FHA-Insured Mortgages* (Revised) |
Yongheng Deng and Stuart Gabriel |
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| 2005-1011 |
Immigrants and the Spatial Mismatch Hypothesis: Employment Outcomes Among Immigrant Youth in Los Angeles |
Cathy Yang Liu, Gary Painter, Duan Zhuang |
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| 2005-1010 |
Residential Location, Land Use and Transportation: The Neglected
Role of Nonwork Travel |
Bumsoo Lee, Peter Gordon, James E. Moore, II, and Harry W.
Richardson |
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| 2005-1009 |
Contemporaneous Loan Stress and Termination Risk in the CMBS
pool: how "Ruthless" is default? |
Tracey Seslen and William C. Wheaton |
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| 2005-1008 |
The Investment Performance of Housing and "Hedonic" Spatial
Equilibrium |
Tracey Seslen, William C. Wheaton, Henry O. Pollakowksi |
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| 2005-1007 |
Omitted Mobility Characteristics and Property Market Dynamics: Application to Mortgage Termination |
Xudong An, John Clapp and Yongheng Deng |
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| 2005-1006 |
Unobserved heterogeneity in Models of Competing Mortgage
Termination Risks |
John Clapp, Yongheng Deng and Xudong An |
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| 2005-1005 |
The Cost of Imposing Monocentricity: Uncovering the Dynamics
of Emerging Centrality in Post-Socialist Krakow's Land Markets. |
Christian L. Redfearn |
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| 2005-1004 |
The Changing Face of Concentrated Poverty |
Jennifer Wolch, Nathan J. Sessoms |
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| 2005-1003 |
The Topography of Metropolitan Employment: Identify Centers
of Employment in a Polycentric Urban Area |
Christian L. Redfearn |
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| 2005-1002 |
Not All Sprawl: Evolution of Employment Concentrations in
Los Angeles, 1980-2000 |
Genevieve Giuliano, Christian Redfearn with Ajay Agarwal,
Chen Li and Duan Zhuang |
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| 2005-1001 |
Do the GSEs Matter to Low-Income Housing Markets?
An Assessment of the Effects of GSE Loan Purchase Activity
on California Housing Outcomes |
Raphael W. Bostic, Stuart A. Gabriel |
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Paper (PDF) |
2004 Series
| # |
Title |
Author(s) |
Download |
| 2004-1014 |
Land Markets & Terrorism:
Uncovering Perceptions of Risk
by Examining Land Price Changes Following 9/11 |
Christian L. Redfearn |
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| 2004-1013 |
Market Forces or CRA-induced Externalities: What Accounts
for the Increase in Mortgage Lending to Lower-Income Communities? |
Raphael W. Bostic, Brian J. Surette |
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| 2004-1012 |
From Central Planning to Centrality: Krakow's Land Prices
after Poland's Big Bang |
David Dale-Johnson, Christian L. Redfearn, W. Jan Brzeski |
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| 2004-1011 |
Revisiting the Past: Revision in Repeat Sales and Hedonic
Indexes of House Prices |
Eric Clapham, Peter Englund, John M. Quigley, Christian L.
Redfearn |
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| 2004-1010 |
An Examination of the Impact of Rent Control on Mobile Home
Prices in California |
David Dale-Johnson, Yongheng Deng, Peter Gordon, Diehang
Zheng |
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Download Tables (Word) |
| 2004-1009 |
Homeownership in the 1980s and 1990s: Aggregate Trends and
Racial Gaps |
Stuart A. Gabriel and Stuart S. Rosenthal |
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| 2004-1008 |
Leaving Gateway Metropolitan Areas: Immigrants and the Housing
Market |
Gary Painter and Zhou Yu |
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| 2004-1007 |
Travel Trends in U.S. Cities: Explaining the 2000 Census
Commuting Results |
Peter Gordon, Bumsoo Lee, Harry W. Richardson |
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| 2004-1006 |
Mobility, Residential Location, and the American Dream: The
Intra-Metropolitan Geography of Minority Homeownership: Los
Angeles, Chicago, and Washington D.C. |
Stuart Gabriel, Gary Painter |
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| 2004-1005 |
Housing Wealth, Financial Wealth, and Consumption: New Evidence
from Micro Data |
Raphael Bostic, Stuart Gabriel, Gary Painter |
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| 2004-1004 |
Are Underserved Borrowers Lower Risk? New Evidence on the
Performance and Pricing of FHA-Insured Mortgages |
Yongheng Deng, Stuart Gabriel |
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| 2004-1003 |
Spatial Heterogeneity in Mortgage Terminations by Refinance,
Sale and Default |
Yongheng Deng, Andrey D. Pavlov, Lihong Yang |
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| 2004-1001 |
An Early Assessment of Residential Mortgage Performance in
China |
Yongheng Deng, Della Zheng, Changfeng Ling |
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2003 Series
| # |
Title |
Author(s) |
View Online |
| 2003-1018 |
Homeownership, Race, and the American Dream |
Stuart A. Gabriel, Stuart S. Rosenthal |
Full Paper (PDF) |
| 2003-1017 |
Settlement Patterns in the U.S. Canada:Simliarities and Differences
- Policies or Preferences? |
Peter Gordon, Bumsoo Lee |
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| 2003-1016 |
Assessing the CRA's Necessity and Efficiency* |
Robert B. Avery, Raphael W. Bostic, Glenn B. Canner |
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| 2003-1015 |
Do CRA-related Events Affect Shareholder Wealth?
The Case of Bank Mergers |
Harold A. Black, Raphael W. Bostic, Breck L. Robinson, Robert
L. Schweitzer |
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| 2003-1014 |
Does Credit Quality Matter for Homeownership? |
Irina Barakova, Raphael Bostic, Paul Calem, Susan Wachter |
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| 2003-1013 |
Enterprise Zones and Individual Welfare: A Case Study of
California |
Raphael W. Bostic, Allen C. Prohofsky |
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| 2003-1012 |
The Impact of Urban Growth Boundaries on Future Urbanization |
Christine Ryan, John Wilson, William Fulton |
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| 2003-1011 |
Housing Tenure Choice of Taiwanese Immigrants:
A Different Path to Residential Assimilation |
Zhou Yu |
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| 2003-1010 |
Immigration and Sprawl: Race/Ethnicity, Immigrant Status,
and
Residential Mobility in Household Location Choice |
Zhou Yu |
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| 2003-1009 |
Estimation of NOI Growth, Volatility and Clustering by MSA |
Yongheng Deng, Jeffrey D. Fisher, Anthony B.
Sanders and Brent Smith |
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| 2003-1008 |
Commercial Mortgage Workout Strategy and Conditional Default
Probability:
Evidence from Special Serviced CMBS Loans |
Jun Chen and Yongheng Deng |
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| 2003-1007 |
Quality of the Business Environment Versus Quality of Life:
Do Firms and Households Like the Same Cities? |
Stuart Gabriel and Stuart S. Rosenthal |
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Paper (PDF) |
| 2003-1006 |
Parks and Park Funding in Los Angeles: An Equity Mapping
Analysis |
Jennifer Wolch, John P. Wilson and Jed Fehrenbach |
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Paper (PDF) |
| 2003-1005 |
Woodhead Behavior and the Pricing of Residential Mortgages |
Yongheng Deng and John M. Quigley |
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| 2003-1004 |
Fuzzy Urban Sets: Theory and Application to Desakota Regions
in China |
Eric J. Heikkila, Ti-yan Shen and Kai-zhong Yang |
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| 2003-1003 |
Intra-Metropolitan Mobility, Residential Location and
Homeownership Choice Among Minority and White Households: Estimates of a
Nested Multinomial Logit Model |
Stuart A. Gabriel and Gary Painter |
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| 2003-1002 |
Are Measured School Effects Just Sorting? |
David I. Levine and Gary Painter |
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| 2003-1001 |
Why are Chinese Homeownership Rates so high? |
Gary Painter, Lihong Yand and Zhou Yu |
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2002 Series
| # |
Title |
Author(s) |
View Online |
| 2002-1009 |
Another Look At Travel Patterns And Urban Form: The US And
Great Britain |
Genevieve Giuliano |
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| 2002-1008 |
Enhancing Mortgage Credit Availability Among Underserved
And Higher Credit-Risk Populations: An Assessment Of Default
And Prepayment Option Exercise Among Fha-Insured Borrowers |
Stuart Gabriel and Yongheng Deng |
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| 2002-1007 |
Do CRA Agreements Influence Lending Patterns? |
Raphael Bostic |
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| 2002-1006 |
A Test of Cultural Affinity in Home Mortgage Lending |
Raphael Bostic |
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| 2002-1005 |
Duration of Residence in the Rental Housing Market |
Yongheng Deng, Stuart A.
Gabriel and Frank E. Nothaft. |
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| 2002-1003 |
Estimation of Housing Needs Amidst Population Growth and
Change |
Dowell Myers, Donald Pitkin, and Julie Park |
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Tables
(PDF) |
| 2002-1002 |
The Continuing Decentralization of People and Jobs in the
United States |
Donghwan An, Peter Gordon and Harry W. Richardson |
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| 2002-1001 |
Does Immigration Induce Urban Sprawl in the U.S. ? |
Zhou YU |
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2001 Series
| # |
Title |
Author(s) |
View Online |
| 2001-1011 |
The Role of Interest Rates in Influencing Long-Run Homeownership
Rates |
Gary Painter, Christian L. Redfearn |
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| 2001-1010 |
Heterogeneity in Asian American Homeownership: The Impact
of Household Endowments and Immigrant Status |
Gary Painter, Lihong Yang, and Zhou Yu |
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| 2001-1009 |
Compensating Differentials and Evolution in the Quality-of-Life
Among U.S. States-REVISED May 2001 |
Stuart A. Gabriel, Joe P. Mattey and William L. Wascher |
Download Paper (PDF)
Tables
(PDF) |
| 2001-1008 |
Spatial Regression Analysis of Commercial Land Price Gradients |
David Dale-Johnson and W. Jan Brzeski |
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| 2001-1007 |
Pathways to Homeownership: An Analysis of the Residential
and Homeownership Choices of Black Households in Los Angeles |
Stuart A. Gabriel and Gary Painter |
Download Paper (PDF) |
| 2001-1006 |
Quality of Business Environment Versus Quality of Life in
a Dynamic Model of Urban Composition and Growth |
Stuart A. Gabriel and Stuart Rosenthal |
Download Paper (PDF) |
| 2001-1005 |
Woodhead Behavior and the Pricing of Residential Mortgages* |
Yongheng Deng and John M. Quigley |
Download Paper (PDF) |
| 2001-1004 |
Transistions to Private Employment: Earnings Determination,
Worker Employment Preferences, and Job Turnover in Urban China |
Yuming Fu and Stuart A. Gabriel |
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| 2001-1003 |
Sustainanble Portland? A Critique, and the Los Angeles Counterpoint |
Harry W. Richardson and Peter Gordon |
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| 2001-1002 |
The Sprawl Debate:Let Markets Plan |
Peter Gordon and Harry W. Richardson |
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| 2001-1001 |
What's Smart Growth Got to Do with It? Conceptualizing and
Critiquing Planning's Popular Trend |
Elizabeth Gearin |
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2000 Series
| # |
Title |
Author(s) |
View Online |
| 2000-1012 |
Investment Returns and Price Discovery in the Market for
Owner-Occupied Housing |
John M. Quigley and Christian L. Redfearn |
Download Paper (PDF) |
| 2000-1011 |
The Composition of Metropolitan Employment and the Correlation
of Housing Prices Across Metropolitan Areas |
Christian L. Redfearn |
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| 2000-1010 |
Quality of the Business Environment Versus Quality of Life
in a Dynamic Model of Urban Composition and Growth |
Stuart A. Gabriel and Stuart S. Rosenthal |
Download Paper (PDF) |
| 2000-1009 |
Woodhead Behavior and the Pricing of Residential Mortgages |
Yongheng Deng and John M. Quigley |
Download Paper (PDF) |
| 2000-1008 |
Compactness or Sprawl: America's Future vs. the Present |
Harry W. Richardson and Peter Gordon |
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Tables (PDF) |
| 2000-1007 |
Long-term Public Leaseholds in Poland: Implications of Contractual
Incentives |
David Dale-Johnson and W. Jan Brzeski |
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| 2000-1006 |
Tenure Choice with Sample Selection: A Note on the Differences
among Alternative Samples |
Gary Painter |
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| 2000-1005 |
Transportation and Land Use |
Peter Gordon and Harry W. Richardson |
Download Paper (PDF)
Tables (PDF) |
| 2000-1003 |
Housing the Poor and Mechanik Class in Seventeenth-Century
London |
William C. Baer |
Not Available Online |
| 2000-1002 |
Land Use Policy and Transportation: Why We Won't Get There
from Here |
Genevieve Giuliano |
Download Paper (PDF) |
| 2000-1001 |
Location, Market Segmentation, and Returns to Human Capital:
The Privatization of China's Labor Markets |
Yuming Fu and Stuart A.Gabriel |
Download Paper (PDF) |
1999 Series
| # |
Title |
Author(s) |
View Online |
| 99-117 |
Evolution of Land Values in Cracow during the Transformation
of the Polish Economy |
David Dale-Johnson and W. Jan Brzeski |
Download Paper (PDF) |
| 99-116 |
Anatomy of a Market Crash: Suburban Housing Supply in California:
1989 - 1994 |
David Dale-Johnson |
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| 99-115 |
Long Term Ground Leases, the Redevelopment Option and Contract
Incentives |
David Dale-Johnson |
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| 99-114 |
Towering Investments: The '90s Revolution in Real Estate
Finance |
David Dale-Johnson |
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| 99-113 |
Graaskamp and the Definition of Rigorous Research |
John M. Clapp and Dowell Myers |
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| 99-112 |
Do Households Move to Obtain Higher Benefits? A "Natural
Experiment" Approach |
Gary Painter |
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| 99-111 |
Residential Real Estate Investment in Seventeeth Century
London |
William C. Baer |
Not Available Online
Request
Hard Copy |
| 99-110 |
Does the Theory of Irreversible Investments Help Explain
Movements in Office-Commerical Construction? |
Rena Sivitanidou |
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Figure 1 (PDF)
Figure 2 (PDF) |
| 99-109 |
Race, Immigrant Status, and Housing Tenure Choice |
Gary Painter, Stuart A. Gabriel, and Dowell Myers |
Download Paper (PDF) |
| 99-108 |
Employment Access, Residential Location and Homeownership |
Yongheng Deng, Stephen L. Ross, Susan M. Wachter |
Download Paper (PDF) |
| 99-107 |
Mortgage Prepayment by Defeasance |
George Lefcoe |
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| 99-106 |
Compensating Differentials and Evolution of the Quality-of-Life
Among U.S. States |
Stuart A. Gabriel, Joe P. Mattey and William L. Wascher |
Download Paper (PDF)
Tables (PDF)
Appendix (PDF) |
| 99-105 |
Office Rent Processes: The Case of U.S. Metropolitan Markets |
Rena Sivitanidou |
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Tables (PDF) |
| 99-104 |
The Speculative Housing Construction Industry in Seventeenth
Century London |
William C. Baer |
Not Available Online
Request
Hard Copy |
| 99-103 |
Real Estate Ownership by Non-Real Estate Firms: The Impact
on Firm Returns |
Yongheng Deng and Joseph Gyourko |
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| 99-102 |
The Linkage of Land Price with the Economy Policy Making
Failures of the Japanese Government in the 1990s |
Koichi Mera and Eric J. Heikkila |
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| 99-101 |
Low-Income Housing Assistance: Its Impact on Labor Force
and Housing Program Participation |
Gary Painter |
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| 99-100 |
Rental Housing Markets, the Incidence and Duration of Vacancy,
and the Natural Vacancy Rate |
Stuart A. Gabriel and Frank E. Nothaft |
Download Paper (PDF) |
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