Tuesday, 13 Jan 2015
- Tue, Jan 13, 2015 4:00 pm - 5:30 pm368A Heady Hall
"Linking the Price of Agricultural Land to Use Values and Amenities," with Todd Kuethe, University of Illinois, Urbana-Champaign, Tuesday, January 13, 2015, 4:00-5:30 pm, 368A Heady Hall
Abstract: The recent appreciation in agricultural land values across the United States has raised a number of important questions for farmers, farmland owners, lenders, and policy makers. While traditional economic theory suggests that farmland values are determined by the discounted stream of expected returns, previous research has shown that agricultural land values are actually driven by a complex set of factors. This study leverages the unique characteristics of a national land-based USDA survey on farmland values and cash rents to estimate broad, national-level determinants of the market value of cropland and pastureland. Our results support past research findings that indicate farmland values are only partially explained by agricultural returns. We find that multiple nonagricultural attributes of farmland also contribute to the market value.
Friday, 16 Jan 2015
- Fri, Jan 16, 2015 3:40 am - 5:00 pm368A Heady Hall
"Are Rising College Premiums Capitalized into House Prices? Evidence from China," with Tracy Turner, Kansas State University, Friday, January 16, 2015, 3:40-5:00 pm
Abstract: Many areas in China experienced steeply rising house prices beginning in 2003. We test whether a nationally mandated change in local residency requirements that took effect in that year may have played a role in driving up house prices by tying access to Chinese universities to local homeownership status in the presence of a rising college premium. We generate a novel dataset that combines China university admission data with household and housing market data. We find evidence of capitalization effects and a sizable increase in the likelihood of homeownership in places with preferential access to China’s elite universities.
Wednesday, 21 Jan 2015
- Wed, Jan 21, 2015 4:10 pm - 5:30 pm368A Heady Hall
"Mechanism Choice in Emissions Allowance Auctions: An Empirical Analysis of the Sulfar Dioxide Allowance Auction," with Rong Zhou, University of Connecticut, Wednesday, January 21, 4:10-5:30 pm
Monday, 26 Jan 2015
- Mon, Jan 26, 2015 4:10 pm - 5:30 pm368A Heady Hall
"Policy experimentation, political competition, and heterogeneous beliefs" with Helene Ollivier, Paris School of Economics, CNRS, Monday, January 26, 4:10-5:30 pm, 368A Heady Hall
Tuesday, 27 Jan 2015
- Tue, Jan 27, 2015 3:40 pm - 5:00 pm368A Heady Hall
Jeffrey Stokes, University of Northern Iowa, Tuesday, January 27, 3:40-5:00 pm, 368A Heady: How Much Stress Is Implied by Dodd-Frank Annual Stress Test (DFAST) Scenarios?
Thursday, 29 Jan 2015
- Thu, Jan 29, 2015 3:40 pm - 5:00 pm368A Heady Hall
"Targets, Taxes, and Learning: Optimizing Climate Policy Under Knightian Damages", with Ivan Rudik, "University of Arizona, Thursday, January 29, 3:40-5:00 pm, 368A Heady Hall