The Journal of Regional Science and Urban Economics accepted a paper for publication, in which John Clapp, Piet Eichholtz and I research the ups and downs of the West Berlin housing market.
The goal of the paper is to single out the value that buyers and sellers attribute to the real option to extend the size of an existing house. We find that the possibility to add more space carries substantial value. Furthermore, we see that this value is highest in times of rising house prices (e. g. 1990-1994 in West Berlin) and disappears when house prices fall. The real options embedded in existing properties therefore significantly contribute to house price volatility.
Get the full paper here.
|High and low option value properties in Berlin
Ever wondered why Boston, New York, or Philadelphia look so different from other American cities? What are shared patterns among these east coast hubs? Sam Bass Warner and Andrew H. Whittemore provide a fast motion view on the economic, political and social forces that shaped the urban form of these places from fragile early settlements to today’s metropolitan areas.
The black and white drawings throughout the book already tell the story on their own – and the text is a fast and very accessible read. This book changed the way how I look at the city on my daily commute.
I was quoted in New York Times yesterday. They asked if big players entering domain space (like Donuts or Amazon) will be bad for competition – I don’t think so. Due to strong regulation it wasn’t an issue in the past when even fewer companies ran registries.
Here a link to the full article.
How much weight do German and international news providers assign to the NSA internet surveillance program PRISM? How does the coverage differ across media outlets?
My brother Wieland and I looked into this question using data collected by our news aggregator Newstral.com. We find a strikingly heterogeneous picture: While The Guardian and the Washington Post enjoy an competitive edge due to their direct access to the NSA whistleblower Edward Snowden, other news providers report significantly less. The New York Times, usually very alert in Internet related topics, dedicates a smaller share of their coverage to this topic.
Within Germany, we also see stark differences: while Spiegel, Sueddeutsche, and Zeit lead the pack, other nationwide news portals cannot keep pace. The full analysis (in German) is published at netzpolitik.org.
Share of NSA-related coverage among top 3 news items per media outlet
There are probably few places in the world that would even consider hosting a research project on Internet domain names as a form of virtual real estate. The Massachusetts Institute of Technology is one of them. I will start a postdoctoral fellowship at MIT’s Center for Real Estate. Together with prof. Albert Saiz, I will be working on primary and secondary domain markets from an urban economics point of view.
Today, I presented some of my research on Internet domain names at MIT’s Senseable City lab.
The talk followed the Pecha Kucha style: 20 sheets, 20 seconds each, which was very much fun and a great motivation to be as concise as possible. Thanks to the attendents for all the great feedback and comments.
The study Valuable Words: Price Dynamics of Internet Domain Names has been accepted for publication at one of the finest peer reviewed scientific journals, the Journal of the American Society for Information Science and Technology.
Read the full study HERE.
Foto: Casey Konstantin, http://www.flickr.com/people/sercasey/
I have the honour to present my research on domain name valuation at the annual AREUEA meeting in San Diego. I would be delighted to see you there!
Friday, January 04, 2013
Time: 10:15 AM
Location: Marriott Marquis & Marina – Rancho Santa Fe 3