The study of memory for event duration in pigeons has, for the most part, centered on an unusual behavioral phenomenon and an interesting theoretical explanation for it. A typical experiment on memory for event duration involves trials initiated by a sample stimulus that is either short or long in duration (e.g., 2 vs. 10 sec of houselight) and that is later followed by the simultaneous present...

a housing supply function for private sector has been estimated for the period of 1985-1999. the model was specified, using lucas supply theory and by including internal adjustment costs in producer's decision f or production or inv estment. the distin ctive feature of this model is the utilization. of investment role in housing sector similar to other factors in production function. the r...

Many studies on policy implementation have emphasized the difficulties of putting policies into practice. The paper presents several ways in which Dutch non-profit housing providers incorporate their energy saving policies in their ‘regular’ housing management regarding the existing stock, such as planned preventive maintenance, renovations and other physical improvements. Several housing assoc...

Over the past decade, housing costs have risen faster than incomes. The need for affordable rental housing has well outpaced the number of available units as well as funding allocations at the federal level. Local regulation and land use policies that increase the cost of subsidized, mixed-income housing construction and preservation have contributed to the affordability problem. To meet the af...

Do liquidity constraints prohibit individuals from making optimal consumption and investment decisions over the life cycle? I test for the existence of short-run credit constraints surrounding the decision to invest in college, which is of particular concern given the large recent increases in the real cost of college attendance. I add to the literature on higher education credit constraints by...

T he Federal Reserve has made significant progress toward price stability over the last two decades. The annual inflation rate has declined from 13 percent in the early 1980s to roughly 2 percent today. The current environment of low and stable inflation has fostered superior economic performance. Lower inflation has led to lower interest rates, which in turn have helped spur investment, foster...