Migliaccio, G. C.; Zandbergen, Paul; Martinez, A. A. (2015). Empirical Comparison of Methods for Estimating Location Cost Adjustments Factors. Journal Of Management In Engineering, 31(2).
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Abstract
Location factors are used to adjust conceptual cost estimates by project location. Presently, the construction industry has adopted a simple, proximity-based interpolation method to estimate location factors for missing locations. Although this approach is widely accepted, its validity has not been statistically substantiated. This study assessed the current method of adjusting conceptual cost estimates by project location and compared its performance against two alternative spatial interpolation methods. A Moran's I test was used to confirm the presence of strong spatial autocorrelation, which supports the use of proximity-based methods. Additional statistical evaluations of current and alternative methods were also conducted. Results provided statistical justification for the current method. However, an alternative method was proven to outperform the current method. Moreover, several opportunities for future research were identified as a result of this exploratory study. (C) 2014 American Society of Civil Engineers.
Keywords
Construction Industry; Interpolation; Statistical Analysis; Location Cost Adjustment Factor; Proximity-based Interpolation Method; Project Location; Spatial Interpolation Method; Moran I Test; Spatial Autocorrelation; Statistical Evaluation; Geographical Information-systems; Construction; Layout; Gis; Conceptual Estimating; Geographic Information Systems; Construction Costs; Planning; Location Adjustments
Ascherl, Claudia; Schrand, Liesa; Schaefers, Wolfgang; Dermisi, Sofia. (2019). The Determinants of Executive Compensation in US REITs: Performance vs. Corporate Governance Factors. Journal Of Property Research, 36(4), 313 – 342.
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Abstract
The paper examines whether executive compensation packages within the US REIT industry are determined merely by performance or also by CEO power mechanisms that have an essential influence on board-level negotiations. We offer original insights into management compensation arrangements during and after the financial crisis. The relative importance of cash bonuses in CEO compensation contracts has more than halved after the crisis. Simultaneously, after the financial crisis, equity-based compensation became increasingly important. Concerning the pay-for-performance link, our results show no relationship during the financial crisis. However, after the crisis, we find a strong significant link between remuneration packages and corporate success.
Keywords
Executive Compensation; Chief Executive Officers; Negotiations; Compensation; Packages; Crises; Economic Crisis; Corporate Governance; United States--us
Martins, Antonio Miguel; Serra, Ana Paula; Martins, Francisco Vitorino; Stevenson, Simon. (2020). House Price Dynamics and Bank Herding: European Empirical Evidence. Journal Of Real Estate Research, 42(3), 365 – 396.
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Abstract
This paper examines house price dynamics, bank herding behavior, and the linkages between them. The analysis presented indicates that prior to the financial crisis, non-fundamental factors played a significant role in several European countries, including the United Kingdom, Spain, Denmark, Sweden, and Ireland. We also provide evidence indicative of herding behavior in the residential mortgage loan market. Finally, Granger causality tests show that non-fundamentally justified price dynamics contributed to the herding displayed by lenders and that this behavior was a response by banks as a group to common information on residential property assets.
Keywords
Bubbles; Market; Behavior; Fundamentals; Constraints; Policy; Model; House Prices; Mortgages; Price Bubble; Herding Behavior
Zou, Tianqi; Aemmer, Zack; Mackenzie, Don; Laberteaux, Ken. (2022). A Framework for Estimating Commute Accessibility and Adoption of Ridehailing Services Under Functional Improvements from Vehicle Automation. Journal Of Transport Geography, 102.
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Abstract
This paper develops an analytical framework to estimate commute accessibility and adoption of various ridehailing service concepts across the US by synthesizing individual commute trips using national Longitudinal Employer-Household Dynamics Origin-Destination Employment Statistics (LODES) data. Focusing on potential improvements in cost and time that could be enabled by vehicle automation, we use this modeling framework to simulate a lower-price autonomous service (e.g., 50% or 75% lower) with variable wait times and implementation levels (solo, pooled, and first/last mile transit connections services, alone or in combination) to determine how they might affect adoption rates. These results are compared across metrics of accessibility and trip density, as well as socioeconomic factors such as household income. We find - unsurprisingly - that major cities (e.g. New York, Los Angeles, and Chicago) support the highest adoption rates for ridehailing services. Decreases in price tend to increase market share and accessibility. The effect of a decrease in price is more drastic for lower income groups. The proposed method for synthesizing trips using the LODES contributes to current travel demand forecasting methods and the proposed analytic framework can be flexibly implemented with any other mode choice model, extended to non-commute trips, or applied to different levels of geographic aggregation.
Keywords
Choice Of Transportation; Demand Forecasting; Poor People; Adoption; Price Cutting; Metropolis; Employment Statistics; Los Angeles (calif.); New York (state); Chicago (ill.); Accessibility; Autonomous Vehicles; New Mobility Services; Ridehailing; Travel Demand; Preferences
El-Anwar, Omar; El-Rayes, Khaled; Elnashai, Amr. (2010). Minimization of Socioeconomic Disruption for Displaced Populations Following Disasters. Disasters, 34(3), 865 – 883.
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Abstract
In the aftermath of catastrophic natural disasters such as hurricanes, tsunamis and earthquakes, emergency management agencies come under intense pressure to provide temporary housing to address the large-scale displacement of the vulnerable population. Temporary housing is essential to enable displaced families to reestablish their normal daily activities until permanent housing solutions can be provided. Temporary housing decisions, however, have often been criticized for their failure to fulfil the socioeconomic needs of the displaced families within acceptable budgets. This paper presents the development of (1) socioeconomic disruption metrics that are capable of quantifying the socioeconomic impacts of temporary housing decisions on displaced populations; and (2) a robust multi-objective optimization model for temporary housing that is capable of simultaneously minimizing socioeconomic disruptions and public expenditures in an effective and efficient manner. A large-scale application example is optimized to illustrate the use of the model and demonstrate its capabilities ingenerating optimal plans for realistic temporary housing problems.
Keywords
Natural Disasters; Hurricanes; Disaster Relief; Temporary Housing; Tsunamis; Multi-objective Optimization; Post-disaster Recovery; Social Welfare; Socioeconomic Disruption
Vitro, Kristen A.; Whittington, Jan. (2015). The Cloud beneath the Clouds. Planning, 81(1), 35 – 35.
Abstract
The article discusses the proliferation of cloud computing data centers in Seattle, Washington. It also discusses the reasons behind the selection of the city by cloud computing data centers as site locations which include the availability of inexpensive but abundant sources of electricity, classification of dams as a critical infrastructure, and cooler climate. Another reason discussed is the planning and economic development practiced by municipalities to attract businesses in the area.
Keywords
Cloud Computing; Server Farms (computer Network Management); Industrial Location; Infrastructure (economics); Urban Planning; Economic Development; Seattle (wash.); Washington (state)
Colburn, Gregg. (2019). The Effect of Market Conditions on the Housing Outcomes of Subsidized Households: The Case of the US Voucher Programme. Housing Studies, 34(9), 1465 – 1484.
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Abstract
Since being created in the 1970s, housing vouchers have become the primary mode of federal housing support for low-income households in the US. The voucher programme was designed to provide recipients with the mobility needed to secure higher quality housing in neighbourhoods of their choice. Decades of analysis suggest that the programme has failed to produce the favourable outcomes envisioned by policymakers. To add to our understanding of the outcomes of this important federal programme, this paper seeks to underscore the importance of context-dependent policy analysis. In particular, this study analyses the impact of housing market conditions on the outcomes achieved by voucher recipients. Using neighbourhood and housing outcome data from the American Housing Survey, and median rent and rental market vacancy data, this paper demonstrates the important role that market conditions play in programme outcomes. The results from this study suggest that voucher recipients are successful at improving housing unit quality outcomes regardless of market conditions, but the ability to move to a better neighbourhood is a function of vacancy rates.
Keywords
Housing Subsidies; Housing Vouchers; Housing Market; Poor Communities; Neighborhoods; Housing; Housing Choice Voucher; Market; Neighbourhood; Section 8; Vacancy; Voucher; Residential-mobility Decisions; Choice Vouchers; Neighborhood; Income; Live; Families; Place; Home; Markets; Economic Conditions; Policy Analysis; Households; Impact Analysis; Policy Making; Low Income Groups; Vouchers; Mobility; Vacancies; Conditions; United States--us
Rhew, Isaac C.; Duckworth, Jennifer C.; Hurvitz, Philip M.; Lee, Christine M. (2020). Within- and Between-Person Associations of Neighborhood Poverty with Alcohol Use and Consequences: A Monthly Study of Young Adults. Drug & Alcohol Dependence, 212.
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Abstract
Background: Studies have shown associations between neighborhood disadvantage and alcohol misuse among adults. Less is known about the role of neighborhood context in young adults (YAs), who engage in more disordered forms of alcohol use compared to other age groups. Using data collected monthly, this study examined whether YAs reported more alcohol use and consequences when they were living in neighborhoods with greater concentration of poverty. Method: This study used data from 746 participants aged 18-23 years living in the Seattle, WA, region. Surveys were administered each month for 24 consecutive months. Measures included typical number of drinks per week and past month count of alcohol-related consequences. Residential addresses at each month were geocoded and linked to census-tract level percentage of households living at or below poverty threshold. Multilevel over-dispersed Poisson models were used to estimate associations between standardized monthly deviations in tract-level poverty from one's average and alcohol outcomes. Results: Across 14,247 monthly observations, the mean number of typical drinks per week was 4.8 (SD = 7.4) and the mean number of alcohol consequences was 2.1 (SD = 3.5). On months when they were living in neighborhoods with higher levels of poverty than their average, participants reported significantly higher levels of alcohol consequences (Count Ratio = 1.05; p = .045). Conclusion: YAs may engage in more problematic forms of drinking when they reside in neighborhoods with higher levels of disadvantage. During a time of frequent residential changes, YAs moving to more disadvantaged neighborhoods may benefit from additional supports.
Keywords
Alcohol Drinking; Young Adults; Neighborhoods; Age Groups; Poverty; Western Australia; Seattle (wash.); Alcohol; Neighborhood Context; Young Adulthood; Emergency-department Visits; Heavy Episodic Drinking; College-students; United-states; Substance Use; Use Disorders; Models; Health; Disorganization; Availability
Rhew, Isaac C.; Guttmannova, Katarina; Kilmer, Jason R.; Fleming, Charles B.; Hultgren, Brittney A.; Hurvitz, Philip M.; Dilley, Julia A.; Larimer, Mary E. (2022). Associations of Cannabis Retail Outlet Availability and Neighborhood Disadvantage with Cannabis Use and Related Risk Factors Among Young Adults in Washington State. Drug & Alcohol Dependence, 232.
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Abstract
Background: This study examined associations of local cannabis retail outlet availability and neighborhood disadvantage with cannabis use and related risk factors among young adults. Methods: Data were from annual cross-sectional surveys administered from 2015 to 2019 to individuals ages 18-25 residing in Washington State (N = 10,009). As outcomes, this study assessed self-reported cannabis use at different margins/frequencies (any past year, at least monthly, at least weekly, at least daily) and perceived ease of access to cannabis and acceptability of cannabis use in the community. Cannabis retail outlet availability was defined as the presence of at least one retail outlet within a 1-kilometer road network buffer of one's residence. Sensitivity analyses explored four other spatial metrics to define outlet availability (any outlet within 0.5-km, 2-km, and the census tract; and census tract density per 1000 residents). Census tract level disadvantage was a composite of five US census variables. Results: Adjusting for individual- and area-level covariates, living within 1-kilometer of at least one cannabis retail outlet was statistically significantly associated with any past year and at least monthly cannabis use as well as high perceived access to cannabis. Results using a 2-km buffer and census tract-level metrics for retail outlet availability showed similar findings. Neighborhood disadvantage was statistically significantly associated with at least weekly and at least daily cannabis use and with greater perceived acceptability of cannabis use. Conclusions: Results may have implications for regulatory and prevention strategies to reduce the population burden of cannabis use and related harms.
Keywords
Outlet Stores; Young Adults; Neighborhoods; Older People; Sensitivity Analysis; Washington (state); Cannabis; Cannabis Retail Outlets; Neighborhood Disadvantage; Alcohol-use; Marijuana Use; Density; Proximity; Health; Norms
Abramson, Daniel. (2011). Transitional Property Rights and Local Developmental History in China. Urban Studies (sage Publications, Ltd.), 48(3), 553 – 568.
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Abstract
Among the societies that are moving from a centrally planned economy with weak property rights towards a market-oriented economy with stronger and more privatised property rights, China is undergoing an especially rapid and extensive urbanisation that obscures the diversity and relevance of local pre-Reform property arrangements. Official discourse emphasises the formalisation, clarification and, to some extent, the privatisation of property rights in the name of overall societal development and gradual integration with the global economy. In local informal, popular practice and discourse, however, the invocation of property rights reflects the continuing political relevance of both revolutionary and traditional notions of rights to urban space that challenge a unitary, linear view of the development process.
Keywords
Property Rights; History Of Economic Development; Central Economic Planning; Privatization; Urbanization; History; Social Policy; China