Duke Economics

Erid Conference on Housing Market Dynamics
Oct. 28 - 30, 2010

Program Schedule

THURSDAY, OCTOBER 28 

7:00-10:00 WELCOME RECEPTION – THOMAS CENTER

FRIDAY, OCTOBER 29

8:00-8:30 BREAKFAST

8:30-10:15 SESSION I

UNDERSTANDING BOOMS AND BUSTS IN HOUSING MARKETS
Craig Burnside, Duke University
Martin Eichenbaum, Northwestern University
Sergio Rebelo, Northwestern University

DYNAMIC ASSET PRICING IN A SYSTEM OF LOCAL HOUSING MARKETS
Patrick Bayer, Duke University
Bryan Ellickson, University of California, Los Angeles
Paul Ellickson, University of Rochester 

THE HOUSING MARKET(S) OF SAN DIEGO
Tim Landvoigt, Stanford University
Monika Piazzesi, Stanford University
Martin Schneider, Stanford University 

10:30-12:15 SESSION II

UNDERSTANDING THE PUZZLING RISK-RETURN RELATIONSHIP FOR HOUSING
Lu Han, University of Toronto 

THE MACROECONOMIC EFFECTS OF HOUSING WEALTH, HOUSING FINANCE, AND LIMITED RISK-SHARING IN GENERAL EQUILIBRIUM
Jack Favilukis, London School of Economics
Sydney Ludvigson, New York University
Stign Van Nieuwerburgh, New York University

MORTGAGE MODIFICATION AND STRATEGIC DEFAULT: EVIDENCE FROM A LEGAL SETTLEMENT WITH COUNTRYWIDE
Chris Mayer, Columbia University
Edward Morrison, Columbia University
Tomasz Piskorski, Columbia University
Arpit Gupta, Columbia University

12:15-1:30 LUNCH

1:30-2:40 SESSION III

HOUSING DYNAMICS
Edward Glaeser, Harvard University
Joseph Gyourko, University of Pennsylvania

ENDOGENOUS GENTRIFICATION AND HOUSING PRICE DYNAMICS
Erik Hurst, University of Chicago, 
Veronica Guerrieri, University of Chicago
Daniel Hartley, FRB of Cleveland

2:40-4:05 JOB MARKET SESSION IV

Presentations of job market papers by PhD candidates and post-docs

UNCERTAINTY, LEARNING AND THE VALUE OF INFORMATION IN THE RESIDENTIAL REAL ESTATE MARKET
Elliot Anenberg, Duke University 

TRANSPORTATION TECHNOLOGIES, AGGLOMERATION AND THE STRUCTURE OF CITIES
Jeff Brinkman, Carnegie Mellon University

THE MICRODYNAMICS OF NEIGHBORHOOD TRANSITIONS
Marcus Casey, University of Illinois and Duke University

A JOINT DYNAMIC EQUILIBRIUM MODEL OF HOUSING AND FINANCIAL MARKETS
Aurel Hizmo, Duke University

HOUSING DEMAND DURING THE BOOM: THE ROLE OF EXPECTATIONS AND CREDIT CONSTRAINTS
Tim Landvoigt, Stanford University

THE SUPPLY CONSTRAINTS AND HOUSING MARKET DYNAMICS
Andrew Paciorek, University of Pennsylvania

6:30  DINNER - REVOLUTION, 107 WEST MAIN STREET, DURHAM

SATURDAY, OCTOBER 30

8:00-8:30 BREAKFAST

8:30-10:15 SESSION IV

SPATIAL DEVELOPMENT
Klaus Desmet Universidad Carlos III de Madrid
Esteban Rossi Hansberg, Princeton University  

ESTIMATING A DYNAMIC FIRM LOCATION MODEL WITH AGGLOMERATION EXTERNALITIES
Jeff Brinkman, Carnegie Mellon University
Daniele Coen-Pirani, Pittsburgh University
Holger Sieg, Carnegie Mellon University

MACROECONOMIC IMPLICATIONS OF AGGLOMERATION
Morris Davis, University of Wisconsin
Jonas Fisher, FRB of Chicago
Toni Whited, University of Rochester

10:30-12:15 SESSION V

MIDDLEMEN AND SPECULATORS: THE ROLE OF FLIPPERS IN THE HOUSING MARKET
Patrick Bayer, Duke University
Chris Geissler, Duke University
James Roberts, Duke University

DOES HOME OWNING SMOOTH THE VARIABILITY OF FUTURE HOUSING CONSUMPTION
Andrew Paciorek, University of Pennsylvania
Todd Sinai, University of Pennsylvania 

$1.25 TRILLION IS STILL REAL MONEY: SOME FACTS ABOUT THE EFFECTS OF THE FEDERAL RESERVES MORTGAGE MARKET INVESTMENTS
Paul Willen, FRB of Boston 

12:15-1:15 LUNCH

1:15-3:00 SESSION VI

THE IDENTIFICATION AND ESTIMATION OF PARENTAL VALUATION OF SCHOOL QUALITY IN THE U.S.
Gregorio Caetano, University of Rochester

HEDONIC EQUILIBRIA, LAND VALUE CAPITALIZATION, AND THE WILLINGNESS TO PAY FOR PUBLIC GOODS
Nicolai Kuminoff, Arizona State University
Jaren Pope, Brigham Young University

A DYNAMIC MODEL DEMAND FOR HOUSES AND NEIGHBORHOODS
Patrick Bayer, Duke University
Robert McMillan, University of Toronto
Alvin Murphy, Washington University
Christopher Timmins, Duke University