AREAS OF RESEARCH INTEREST
- Real Estate Finance and Investment,
- Housing Economics,
- Real Estate Economics,
- Urban Economics and Regional Science
RESEARCH IN PROGRESS
- Option Theory and Mortgage Valuation
- The Valuation and Analysis of Mortgages and Mortgage Backed Securities.
- Pricing Mortgage Insurance Using Option Theory
- The Impact of Prepayment on the Pricing of Mortgages
OTHER PROFESSIONAL ACTIVITIES
- Editor: The Journal of Real Estate Finance and Economics
- Editor: The Journal of Real Estate Literature
- Editor: Journal of American Real Estate and Urban Economics
Association
(AREUEA), 1983-87
- Editorial Board:
- Journal of Urban Economics, 1984-1996
- Journal of Regional Science, 1984-88
- The Journal of Real Estate Research, 1986-88
- A Fellow:Homer Hoyt Institute - School of Post Doctoral Studies in Land
Economics
- Editorial:
- Journals
- Journal of Political Economy
- The Journal of Risk and Insurance
- American Economic Review
- Journal of the American Real Estate and Urban Economics Association (AREUEA)
- Journal of Economic Development and Cultural Change Growth and Change
- International Regional Science Review
- Review of Social Economy
- Economic Inquiry
- Review of Regional Studies
- Annals of Regional Science
- National Science Foundation Proposals
- Journal of Money, Banking and Credit
- Journal of Urban Economics
- Environment and Planning
- American Journal of Political Science
- Urban Geography
- Journal of Regional Science
- Demography
- Quarterly Journal of Economics
- Economic Geography
- Textbook Publishers:
- Prentice-Hall, Inc.
- McGraw-Hill, Inc.
- Board of Directors - American Real Estate and Urban Economic
Association, 1982-87.
- Consultant to:
- Fannie Mae, 1993, Mortgage Pricing
- Economic Consultants, Inc., 1990, Mortgage Pricing
- Homer Hoyt Institute, 1985 and 1986, Mortgage Pricing
- The Federal Home Loan Bank of San Francisco, Mortgage Pricing, 1985
- Housing and Urban Development, 1984 Option Pricing
- The Federal Home Loan Mortgage Corporation, 1984, Option Pricing
- The Savings and Loan League on Inflation and Mortgage Interest Rates, 1982
- McDaniel, Charry, Taylor, Law Offices, Atlanta, Georgia, 1981-82 (expert witness)
- Housing and Urban Development, Return to Holding Land, 1982
- Housing and Urban Development, Interest Rates and Housing, 1979-80
- The Savings and Loan League on Taxation and Real Estate Investment, 1980
- The Savings and Loan League on Taxation and Real Estate Investment, 1979
- The Savings and Loan League on Regulation in Savings and Loan Institutions, 1978
- The School of Continuing Education and the State of Georgia on Land Use Controls,
1976
- Wilbur Smith, Inc., Columbia, South Carolina, A Study on Land Use Controls and
Regulations, 1977-78
- Transportation Research Board, Urban Activities Committee, 1976-83
- Small Business Development Center, College of Business Administration, Athens,
Georgia,
- A Study on Taxation and Real Estate Investment, 1978
- Department of Transportation, Washington, D.C., A Simultaneous Model of the Impact of
- Transportation Change on Population, Employment and Residential Location, 1975
- Department of Transportation, State of Georgia, A Simultaneous Land Use Model
- The Continuing Education Center of Georgia, The Structuring of a Set of Lectures on
Land
Use Planning for the State of Georgia Department of Transportation, State of Georgia, A Study
of
Land Use Models
- University Administrative and Committee Assignments:
- Faculty advisor for the Real Estate graduate students, 1982 to present
- University administrative - committee assignments.
- Graduate Advisory Committee,
- Goals committee,
- Faculty Concerns Committee.
- On a three- person committee to rewrite the by-laws of the College and Ph.D. program of
the
College,
- Computer Advisory Committee for the Dean, and
- The Promotion and Tenure Committee, College and University.
- Invited Seminars:
- Conference: Option Theory and Private Mortgage Insurance, Hartford, CT. 1993.
- University of Illinois-Urbana, Option Theory and Fixed Rate Mortgages, 1991.
- Conference: Asset Securitization: Theory and Practice in Europe, Paris, France,
Designing Commercial Mortgages and Their Mortgage Backed Securities, 1991.
- Northwestern University, Default Probabilities for Mortgages, 1991.
- University of Chicago, A General Theory of Mortgage Pricing, 1990.
- Real Estate Center: Northwestern University, Option Theory and Default Rates,
1990.
- Special Conference on Asset Securitization,The Valuation and Securitization
of Commercial Mortgages, Northwestern University, 1987
- Federal Reserve Bank of New York, Option Theory and Fixed Rate Mortgages,
1987.
- Seminar on Markets and Migration, Shanghai University of Business and Economics, 1987
- Special NBER Conference on Mortgage Pricing, Option Theory and Fixed Rate
Mortgages, Ohio State University, 1986.
- Department of Finance, UCLA, Option Theory and Fixed-Rate Mortgage, 1986.
- Department of Finance, University of Illinois, Option Theory and Fixed-Rate
Mortgages, 1986.
- Graduate School of Business, University of Chicago, MBA Seminar on Option Theory
and Mortgages, 1986.
- San Francisco-Federal Home Loan Bank, The State of the Art in Mortgage
Pricing, 1985
- Risk Theory Seminar, Risk Theory Association. Option Theory and Mortgages,
Nashville, 1985.
- Carnegie Conference on Political Economy, 1984 Carnegie-Mellon University Seminar on
- Government and the Economy, for NACORE, 1983
- Invited guest speaker on Regional Science Program, 1978
- Regional Science Association Meeting, Chicago Seminar on Urban Spatial Structure at the
- University of Missouri, Department of Economics, 1976
- Seminar on Recent Research in Urban Spatial Structure, School of Urban and Regional
- Planning, University of Southern California, 1978
- Seminar on Land Use Development, Institute of Economic Development and Research,
- University of the Philippines
- Seminar on the Political Economy, University of Washington, Seattle, 1978
- Seminar on the International Comparison of the Real Estate Business, Department of City
and
- Regional Planning, Indian Institute of Technology, Kharagpur, India 1978
- Seminar on Land Use Development, National Chung-Hsing University, Taipei, Taiwan,
1978
- Seminar on Interests Rates and Housing, HUD, 1979
- Conference, "On Inflation and Housing," at the Urban Institute, Washington, D.C., HUD,
1980
- Seminar on the Economics of Regulated Public Utilities, Sponsored by AT&T, University
of Chicago, 1973
- Invited Seminar on Migration, sponsored by the National Science Foundation to the
- International Institute for Applied Systems Analysis, Luxemburg, Austria, 1979
- Conference, "Toward Liberty," Virginia Polytechnical Institute and State University,
Center
for Study of Public Choice, Summer 1979
- Seminar on Urban Spatial Structure, Urban Economic Workshop, University of Chicago,
1976
- Conference: Economics of Regulated Utilities, University of Chicago, 1972.
- Grants
- Advance Computer Methods Center, Computer-Time Grants - Mortgage Valuation
Models
- $100,000 for 1985-86, $100,000 for 1986-87, $100,000 for 1987-88
- Homer Hoyt Institute - School of Post Doctoral Studies in Land Economics, $15,000,
1985
- Housing and Urban Development, Office of Policy Affairs, Funded a Study on Option
Theory and Mortgages, 1985, $20,000
- Housing and Urban Development. Office of Policy Affairs, Funded a study on the
Rate-of-
- Return to Land Values 1836-1970 - $30,000
- Housing and Urban Development. Office of Policy Affairs, Funded a study on Interest
Rates and Housing, $20,000
- Small Business Development Center, Center for Business and Economic Studies $10,000.
Study of Tax Depreciation Laws and Their Effects on Real Estate
- Small Business Development Center, Center for Business and Economic Studies, $5,000.
Study on the 1976 Tax Laws and Their Effects on Real Estate
- Member of the Institute of Behavioral Research, 1982-87
- Professional Recognition
- Over 1000 citations to published work in Social Science Citation Index.
- The C. Herman and Mary Virginia Terry Distinguished Chair in Business Administration,
Terry College of Business.
- Competitive Paper Award, 1980, Western Finance Association.
- Fellow - Homer Hoyt Institute.
- Terry College of Business Distinguished Life-Time Research Award - 1990.
- National Recognition as exemplified by an article in the Chronicle of Higher Education for
introducing multimedia, computer interactive lessons and a derivative asset trading
simulator into the classroom for MBAs.