|
Education
BA, political science, The University of Michigan
License, Maitrisse, The University of Paris VIII, Institute
of Urbanism
Ph.D., urban and regional planning, The University of Michigan
Positions Held
At Haas since 1986
2000 - present Professor in Real Estate, Haas School of
Business, UC Berkeley
1993 - 2000 Associate Professor in Real Estate, Haas
School of Business, UC Berkeley
1986 - 1993 Assistant Professor in Real Estate, Haas
School of Business, UC Berkeley
Spring 1997 Visiting Associate Professor in Finance, Graduate
School of Business. Stanford University
External Service and Assignments
- Board of directors and Past President, American Real
Estate and Urban Economics Association
- Visiting scholar: San Francisco Federal Reserve Bank,
Stanford Graduate School of Business, Stockholm School
of Economics
- Editorial board: Journal of Computational Finance,
Real Estate Economics, Journal of Real Estate Research
Current Research and Interests
- 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.
Selected Papers and Publications
- "The Anatomy of an ARM: Index Dynamics and Adjustable
Rate Mortgage Valuation," with Richard Stanton. Journal
of Real Estate Finance and Economics, Volume 19,
No. 1, 1998.
- “Housing Price Cycles and Prepayment
Rates of U.S. Mortgage Pools,” with Joe Mattey, Journal
of Real Estate Finance and Economics , Volume
23, No. 2, 2001.
- “Firm Performance and Executive
Compensation in the Savings and Loan Industry,” with
Benjamin Hermalin, Journal of Financial Economics,
Volume 61, 2001.
- “Dwelling Price Dynamics in
Paris, France” with
Richard Meese, Urban Studies, Volume 40,
No. 5/6, May 2003.
- “An Empirical Test of a Two-Factor
Mortgage Prepayment and Valuation Model: How Much Do
House Prices Matter?” with
Christopher Downing and Richard Stanton, Real
Estate Economics, Volume 33, No. 3, 2005.
- “Innovations
in Mortgage Modelling: An Introduction,” Real
Estate Economics, Volume 33, No. 3, 2005.
Teaching
- E283, Real Estate Finance
- MBA280, Real Estate Investment Analysis
- MBA284, Real Estate Strategy
- MBA180, Real Estate Investment Analysis and Urban Economics
- MFE230M, Asset-backed Securization
Honors and Awards
- Earl F. Cheit Outstanding Teaching Award, Haas School,
2002, 2005
Problems? Contact www  haas.berkeley.edu
Faculty Directory: Alphabetical Listing
Faculty Directory: Listing by Department
Top of page
Maintained by Haas School Marketing and Communications Office. Faculty members can contact us to update the page.
|
