NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

SUMMER INSTITUTE 2006

 

Economics of Real Estate and Local Public Finance

 

Joe Gyourko, Chris Mayer, and Todd Sinai, Organizers

 

Royal Sonesta Hotel

Somerset Room

40 Edwin H. Land Boulevard

Cambridge, Massachusetts

 

July 25 and 26, 2006

 

PROGRAM

 

TUESDAY, JULY 25:

 

 

12:00 pm

Lunch

 

 

1:00 pm

BYRON LUTZ, Federal Reserve Board

 

How Elastic is Residential Capital Investment to Property Taxation? Evidence from Court-Induced Tax Changes

 

 

 

Discussant: THOMAS DAVIDOFF, UC, Berkeley

 

 

2:00 pm

FRANCOIS ORTALO-MAGNE, University of Wisconsin

 

ANDREA PRAT, London School of Economics

 

The Political Economy of Housing Supply

 

 

 

Discussant: ALBERT SAIZ, University of Pennsylvania

 

 

3:00 pm

Break

 

 

3:30 pm

NATHAN ANDERSON, University of Illinois-Chicago

 

Voting, Opportunity Costs, and Property Taxes

 

 

 

Discussant: BRIAN KNIGHT, Brown University and NBER

 

 

4:30 pm

JACOB VIGDOR, Duke University and NBER

 

Does Urban Decay Harm the Poor?

 

 

 

Discussant: ERZO LUTTMER, Harvard University and NBER

 

 

5:30 pm

Adjourn

 

 

6:00 pm

Group dinner at Legal Seafood, Kendall Sq., 5 Cambridge Center, Cambridge, MA

 

 

WEDNESDAY, JULY 26:

 

 

8:00 am

Coffee and Pastries

 

 

8:30 am

CHRIS MAYER, Columbia University and NBER

 

YINGJIN HILA GAN, Lehman Brothers

 

Agency Conflicts, Asset Substitution, and Securitization

 

 

 

Discussant: SHERIDAN TITMAN, University of Texas and NBER

 

 

9:30 am

Break

 

 

10:00 am

CHRIS DOWNING, Rice University

 

DWIGHT JAFFE and NANCY WALLACE, UC, Berkeley

 

Asset Indivisibility, Security Design, and Asset Quality

 

 

 

Discussant: NENG WANG, Columbia University and NBER

 

 

11:00 am

LEIGH LINDEN, Columbia University

 

JONAH ROCKOFF, Columbia University and NBER

 

There Goes the Neighborhood? Estimates of the Impact of Crime Risk on Property Values from Megans Laws

 

 

 

Discussant: BRIAN JACOB, Harvard University and NBER

 

 

12:00 n

Lunch

 

 

1:00 pm

MOHAMMAD ARZAGHI, Brown University

 

J. VERNON HENDERSON, Brown University and NBER

 

Networking off Madison Avenue

 

 

 

Discussant: WILLIAM STRANGE, University of Toronto

 

 

2:00 pm

EDWARD GLAESER, Harvard University and NBER

 

JOE GYOURKO, University of Pennsylvania and NBER

 

Housing Cycles

 

 

 

Discussant: TODD SINAI, University of Pennsylvania and NBER

 

 

3:00 pm

Break

 

 

3:30 pm

LEAH BROOKS, McGill University

 

Volunteering to be Taxed: Business Improvement Districts and the Extra-Governmental Provision of Public Safety

 

 

 

Discussant : ROBERT INMAN, University of Pennsylvania and NBER

 

 

4:30 pm

Adjourn

 

 

 

 

 

 

06/17/06