A study of eliminations, failures, and distributions of teachers’ marks in certain Kansas high schools

Thesis (M.A.Ed.)--University of Kansas, Education, 1918. ; Includes bibliographical references

The Impact of Auctions on Residential Sales Prices in New Zealand

The use of an auction to sell residential real estate in the United States is often associated with distressed sales such as foreclosure, bankruptcy or estate settlement. In other areas of the world, auctions are more commonly used and viewed as a viable, preferred method of selling a house. This article uses hedonic pricing methodology to compare the sale prices of houses in Christchurch, New Zealand sold at auction with those sold by private treaty. The results indicate that in some cases auctions can result in premium sale prices. In none of the cases studied did auctions result in lower prices than private-treaty sales.

Reducing the Cost of Corporate Employee Relocation

Over 400 corporate relocation transactions from forty-one states were examined to identify factors affecting variable relocation costs. Analysis of covariance disclosed that corporate relocation costs could be significantly reduced over time by not remodeling substandard properties, fully evaluating the impact of local/regional economic conditions on market value, and adopting policies encouraging employees to purchase homes without swimming pools and homes with smaller lots.

Expectation adjustment in the housing market: insights from the Scottish auction system

This paper examines price expectation adjustment of house buyers and sellers to rapid changes in the housing market using data from Scotland where houses are sold through 'first-price sealed-bid' auctions. These auctions provide more information on market signals, incentives and the behaviour of market participants than private treaty sales. This paper therefore provides a theoretical framework for analysing revealed preference data generated from these auctions. We specifically focus on the analysis of the selling to asking price difference, the 'bid-premium'. The bid-premium is shown to be affected by expectations of future price movements, market duration and high bidding frequency. The bid-premium reflects consumers' expectations, adapting to market conditions more promptly than asking price setting behaviour and final sale prices. The volatile conditions of the recent housing market bubble are fully reflected in the bid-premium, whereas the asking and sale prices are much less prone to rapid movements

Quantifying Estimation Bias in Residential Appraisal

The purpose of this study was to empirically test the ability of residential appraisers to estimate market value of houses. Using a sample of over 500 appraisals made for corporate relocation firms, the appraisal estimates of market value were compared with the actual price that the house sold for subsequently. The results indicate that current appraisal methods produce unbiased estimates of market value. Additional empirical results are presented that show that seasonal factors and regional economic conditions significantly explain variation in appraisal error.

An Empirical Analysis of the Reliability and Precision of the Cost Approach in Residential Appraisal

Many articles and books have discussed the limitations of the cost approach to estimate market value or real estate. This article is the first to empirically measure the predictive ability of the cost approach to estimate value of single-family houses. Three hypotheses have been tested. The results indicate that the cost approach did not provide unbiased estimates of value, and the sales comparison approach estimated value more precisely. Additionally, cost approach precision was not significantly different for newer or older properties.

The Impact of Corporate Ownership on Residential Transaction Prices

A perception exists in the appraisal and brokerage industry that houses sold by corporate relocation firms (or corporate employers) sell at a discount in the residential market. The purpose of this article is to empirically determine if corporately owned houses do sell at a discount. A sample of 278 residential transactions in one community is used in a hedonic pricing model to test the hypothesis. The results indicate that corporate properties sold at a discount of nearly 5%.

Some immediate and longer-term effects of a zoo exhibit

Many people visit zoos each year to be entertained, restored, and educated. While the spotlight is usually on animals and habitats, zoos are increasingly focusing on humans and their role in environmental stewardship. The primate exhibit at Brookfield Zoo in Illinois was designed to address this new focus. The exhibit includes a multi-stage educational experience at its exit that highlights what visitors can do to incorporate conservation behavior into their lives. A feature of such an experience is the short time one spends in it. This article examines the effect of this brief educational exposure. The findings indicate that the experience does increase interest among those behaviors that demand a considerable investment of time. While a follow-up survey revealed this interest diminished over time, the exhibit's core messages were resilient. This study provides evidence that even briefly experienced, free-choice educational exhibits can promote concern for environmental stewardship.Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/90022/1/De_Young,_Dotzour,_Houston,_Manubay,_Saunders,_Schulz_&_Smith_(2011)_Some_immediate_and_longer-term_effects_of_a_zoo_exhibit,_JES,_33,_19-28.pd

Appraisal, Agency and Atypicality: Evidence from Manufactured Homes

Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/73056/1/j.1540-6229.2005.00128.x.pd

The role of undisclosed reserves in English open outcry auctions

This study considers the role that reserve prices may play in residential property auctions. In comparison to much of the previous empirical work, this study has access to undisclosed reserve prices from English auctions. Consistent with theoretical arguments in the auction literature, the results obtained illustrate that whilst higher reserve prices increase the revenue obtained for the seller, they also reduce the probability of sale. The findings also highlight the importance of auction participation, with the number of individual bidders and the number of bids significant in most specifications