Factors Affecting Foreign Investor Choice in Types of U.S. Real Estate

Using transaction level data, we present the first analysis of the way that foreign investors choose among different types of United States real estate. Our findings based on the conditional logit model analysis for the 1980-91 period are consistent with the hypothesis that foreign investors behave in a traditional profit maximizing, risk minimizing fashion. In choosing among investments in four major categories (apartment, office, retail and industrial) foreign investor choice is most sensitive to changes in capitalization rates, market activity and current rent levels.

Web-Based vs. Face-To-Face MBA Classes: A Comparative Assessment Study

The challenges of online learning include ensuring that the learning outcomes are at least as robust as in the face-to-face sections of the same course. At the University of Baltimore, both online sections and face-to-face sections of core MBA courses are offered. Once admitted to the MBA, students are free to enroll in any combination of web-based or face-to-face courses. This provides a unique laboratory to assess comparative learning outcomes

Estimating Existence Value for Users and Nonusers of New Jersey Beaches

This study reports empirical evidence on existence value for beach nourishment. The focus is an analysis of respondents who intend to use the beach to be nourished and those who do not. Differences are found among the two groups, but not among categories of nonusers. An application of this result is that surveying can be limited to respondents engaged in the recreation activity being analyzed. Existence value for respondents intending to use the beach was found to include a recreation value component. Our results support the argument that the only valid measure of existence value is the willingness-to-pay amounts of nonusers.

A Note on "State Characteristics and the Location of Foreign Direct Investment within the United States."

In the November 1991 issue of The Review of Economics and Statistics, Cletus C. Coughlin, Joseph V. Terza, and Vachira Arromdee estimated conditional logit models of the factors affecting the locational choices of foreign direct investors in the manufacturing sector within the United States. This paper examines the aggregation bias in their paper. The authors show that marked differences exist between the locational preferences of those investing in new manufacturing plants and those investing in mergers and acquisitions. Coauthors are Hung-Gay Fung, Daniel A. Gerlowski, and Jonathan Silberman. Copyright 1996 by MIT Press.