Op Ed -- The Only (VHS) Game in Town

Iguana Modeling Is Not the Only Game in Town

When Real Estate is the Only Game in Town∗

The excesses of the historic US housing cycle of the 2000s were concentrated in the Metropolitan Statistical Areas (MSAs) of Nevada, Phoenix, Florida, and California. Even controlling for factors associated with leading explanations of this housing cycle such as differences across MSAs in the amount of subprime lending and their housing supply elasticities, these Sand State MSAs had more than d...

OP - ED Battle with the Big Apple

While Rice may not have lost as much as of its investments as other universi t ies, its endowment still took a hit dur ing the most recent recession. For fiscal year 2009, Rice incurred an 18.2-percent loss on the e n d o w m e n t ' s investment returns, worth about $838 million. The university also spent $215 million of the endowment , $55 million of which was recouped in endowment gifts, acc...

The Only Game in Town: Stock-Price Consequences of Local Bias

Theory suggests that, in the presence of local bias, the price of a stock should be decreasing in the ratio of the aggregate book value of firms in its region to the aggregate risk tolerance of investors in its region. Using data on U.S. states and Census regions, we find clearcut support for this proposition. Most of the variation in the ratio of interest comes from differences across regions ...

OP - ED P . 3 Your environment

Following the lead of 500 other universities throughout the country, Rice will soon start using Gmail as the campus email provider for students. The switch to Gmail has been an ongoing project for the past two years, Manager of IT Technical Communications Carlyn Chatfield said. "We monitor what our students are asking for, what other institutions are doing, and we watch what 's going on in the ...