Thomas Davidoff
Assistant Professor

Ph.D. from Massachusetts Institute of Technology in economics and urban studies and planning

Research: public finance, real estate/urban economics

Publication Highlights: "Labor Income, Housing Prices and Homeownership," March 2006 Journal of Urban Economics

"Annuities and Individual Welfare," with Jeffrey Brown and Peter Diamond, December 2005 American Economic Review

Robert H. Edelstein
Professor

Ph.D. from Harvard University in economics

Research: urban real estate economics and urban financial problems; property taxation and the role of the public sector; inter-linkages, securitization and globalization of real estate asset markets; design of optimal mortgage debt instruments and variable-rate mortgages; macroeconomic determinants of housing construction; impacts of inflation and deflation on real estate values; determinants of US and international real estate asset cycles

Publication Highlights: "How Does Appraisal Smoothing Bias Real Estate Returns Measurement?" with Daniel Quan, February 2006 Journal of Real Estate Finance & Economics

"Ownership Dynamics of REITs," with Branko Urosevic and Nicholas Wonder, June 2005 Journal of Real Estate Finance & Economics

Dwight M. Jaffee
Professor

Ph.D. from Massachusetts Institute of Technology in economics

Research: real estate finance, asset-backed securitization, Fannie Mae and Freddie Mac, catastrophe insurance

Publication Highlights: "The Interest Rate Risk of Fannie Mae and Freddie Mac," Journal of Financial Services, 2003

"The Role of Government in the Coverage of Terrorism Risk," July 6, 2005 Terrorism Risk Insurance in OECD Countries Organisation for Economic Co-operation and Development (OECD)

John Quigley
Professor

AM, Ph.D. from Harvard University in economics

Research: integration of housing and financial markets, municipal bond market, low wage labor markets, price measurement

Publication Highlights :“Comparing Wealth Effects: The Stock Market versus the Housing Market,” with Karl E. Case and Robert Shilled, 2005 Advances in Macroeconomics

"Regulation and the High Cost of Housing in California," with Steven Raphael, May 2005 American Economic Review

Nancy E. Wallace
Professor

Ph.D. from The University of Michigan in urban and regional planning

Research: housing price indices and models to monitor residential real estate price movements over the business cycle; Mortgage prepayment and pricing models, mortgage contract design, and the market microstructure of mortgage backed security trading; Option pricing models for pricing commercial and retail real estate leases for use in the commercial mortgage backed securities markets; Executive stock option valuation

Publication Highlights: "Innovations in Mortgage Modeling: An Introduction," Winter 2005 Real Estate Economics

"An Empirical Test of a Two-Factor Mortgage Valuation Model: How Much Do House Prices Matter?" with Christopher Downing and Richard Stanton, Winter 2005 Real Estate Economics

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