Representative Publications
(with Andrey Pavlov)
"Mortgage Put Options and Real Estate Markets." Journal of Real Estate Finance and Economics (2008).
(with Andrey Pavlov)
"The Inevitability of Market-Wide Underpriced Risk." Reak Estate Economics (Vol.34, No.4 (2006).
(with Richard Green)
"The American Mortgage in Historical and Internationsl Context." Journal of Economic Perspectives Vol. 19, No.4 (2005)
Education
PhD, Boston College, 1974; BA, Harvard College, 1965
Recent Consulting
Real Estate Markets - Jones Lang LaSalle, 2007–present; Mortgage Insurance Markets - GE Financial, 2005-present; Housing Markets - Prudential REALTORS, 2005-2007
Career and Recent Professional Awards; Teaching Awards
American Real Estate and Urban Economics Lifetime Achievement Award 2005; American Real Estate and Urban Economics Best International Paper Award 1995; Undergraduate Division Excellence in Teaching Award, 1991; Lindback Award for Distinguished Teaching, University of Pennsylvania, 1975; Anvil Award for Teaching Excellence, 1974
Academic Positions Held
Wharton: 1972-present (named Richard B. Worley Professor of Financial Management, 2003; Chairperson, Real Estate Department, 1997-2000; Director, Wharton Geographical Information Systems Lab, 1995-present). University of Pennsylvania: (Co-director of Penn Institute for Urban Research, 2004-Present; Professor of City and Regional Planning, 1995-present; Ombudsman, 1987-90). Previous appointment: Bryn Mawr College. Visiting appointment: Singapore Management University (Celia Moh Visiting Professor, 2004)
Professional Leadership 2005-2009
Board of Editors, Journal of Housing Economics, 2003-present; Board of Editors, Housing Policy Debate, 2003-present; Board of Editors, Journal of Real Estate and Finance, 2003-present; Board of Editors, Journal of Real Estate Research, 2004-present; Board of Editors, Journal of Housing Research, 2006; Homer Hoyt Institute Faculty Fellow, 2003-present
Corporate and Public Sector Leadership 2005-2009
Global Urban Development Advisory Board; National Research Council Review Board on HUD Research 2008; Advisory Board for Regulatory Research, National Association of Homebuilders, 2005-2006; Board of Directors, American Real Estate and Urban Economics Association, 2003-2006; Blue Ribbon Committee on Housing Finance, 2005-2006
