Selling Prices/sq.ft. of Office Buildings in Downtown Chicago – How Much Is It Worth to Be an Old But Class A Building?

This paper examines office building sales in downtown Chicago for the period 1996 to 2007. Our analysis provides a conventional OLS approach and an exploration of spatial dependence. We find some evidence of spatial lag and spatial autocorrelation in our dataset but the results are similar to the OLS approach. The results indicate that high occupancy is a statistically significant factor only for Class B properties, suggesting that a low occupancy rate is a negative sign for these buildings of lower quality. Class A property receives a 44% price/ sq. ft. boost due to the premium classification. This increase becomes more pronounced (90%) for floor plate efficient, neoclassical/ revival fac¸ade and/or famous Class A properties built before 1972 when the comparison is with Class B properties of the same age.

Capturing Trojans and Irregular Satellites - the key required to unlock planetary migration

It is now accepted that the Solar system's youth was a dynamic and chaotic time. The giant planets migrated significant distances to reach their current locations, and evidence of that migration's influence on the Solar system abounds. That migration's pace, and the distance over which it occurred, is still heavily debated. Some models feature systems in which the giant planets were initially in an extremely compact configuration, in which Uranus and Neptune are chaotically scattered into the outer Solar system. Others feature architectures that were initially more relaxed, and smoother, more sedate migration. To determine which of these scenarios best represents the formation of our Solar system, we must turn to the structure of the system's small body populations, in which the scars of that migration are still clearly visible. We present the first results of a program investigating the effect of giant planet migration on the reservoirs of small bodies that existed at that time. As the planets migrate, they stir these reservoirs, scattering vast numbers of small bodies onto dynamically unstable orbits in the outer Solar system. The great majority of those bodies are rapidly removed from the system, through collisions and ejections, but a small number become captured as planetary Trojans or irregular satellites. Others are driven by the migration, leading to a significant sculpting of the asteroid belt and trans-Neptunian region. The capture and retention efficiencies to these stable reservoirs depend on the particular migration scenario used. Advocates of chaotic migration from an initially compact scenario argue that smoother, more sedate migration cannot explain the observed populations of Trojans and irregular satellites. Our results draw a strikingly different picture, revealing that such smooth migration is perfectly capable of reproducing the observed populations.Comment: 13 pages, accepted for publication in the peer-reviewed proceedings of the 12th annual Australian Space Science Conferenc

Solar radius and luminosity variations induced by the internal dynamo magnetic fields

Although the occurrence of solar irradiance variations induced by magnetic surface features (e.g., sunspots, faculae, magnetic network) is generally accepted, the existence of intrinsic luminosity changes due to the internal magnetic fields is still controversial. This additional contribution is expected to be accompanied by radius variations, and to be potentially significant for the climate of the Earth. We aim to constrain theoretically the radius and luminosity variations of the Sun that are due to the effect of the variable magnetic fields in its interior associated with the dynamo cycle. We have extended a one-dimensional stellar evolution code to include several effects of the magnetic fields on the interior structure. We investigate different magnetic configurations, based on both observational constraints and on the output of state-of-the-art mean field dynamo models. We explore both step-like and simply periodic time dependences of the magnetic field peak strength. We find that the luminosity and radius variations are in anti-phase and in phase, respectively, with the magnetic field strength. For peak magnetic field strengths of the order of tens of kilogauss, luminosity variations ranging between 10^{-6} and 10^{-3} (in modulus) and radius variations between 10^{-6} and 10^{-5} are obtained. Modest but significant radius variations (up to 10^{-5} in relative terms) are obtained for magnetic fields of realistic strength and geometry, providing a potentially observable signature of the intrinsic variations. Establishing their existence in addition to the accepted surface effects would have very important implications for the understanding of solar-induced long-term trends on climate.Comment: 18 pages, 7 figures; accepted for publication in Astronomische Nachrichte

The uneasy case for lower Parking Standards

Minimum parking requirements are the norm for urban and suburban development in the United States (Davidson and Dolnick (2002)). The justification for parking space requirements is that overflow parking will occupy nearby street or off-street parking. Shoup (1999) and Willson (1995) provides cases where there is reason to believe that parking space requirements have forced parcel developers to place more parking than they would in the absence of parking requirements. If the effect of parking minimums is to significantly increase the land area devoted to parking, then the increase in impervious surfaces would likely cause water quality degradation, increased flooding, and decreased groundwater recharge. However, to our knowledge the existing literature does not test the effect of parking minimums on the amount of lot space devoted to parking beyond a few case studies. This paper tests the hypothesis that parking space requirements cause an oversupply of parking by examining the implicit marginal value of land allocated to parking spaces. This is an indirect test of the effects of parking requirements that is similar to Glaeser and Gyourko (2003). A simple theoretical model shows that the marginal value of additional parking to the sale price should be equal to the cost of land plus the cost of parking construction. We estimate the marginal values of parking and lot area with spatial methods using a large data set from the Los Angeles area non-residential property sales and find that for most of the property types the marginal value of parking is significantly below that of the parcel area. This evidence supports the contention that minimum parking requirements significantly increase the amount of parcel area devoted to parking. JEL codes:R52, H23Parking, Land Use, Sprawl

Gravimetry through non-linear optomechanics

We propose a new method for measurements of gravitational acceleration using a quantum optomechanical system. As a proof-of-concept, we investigate the fundamental sensitivity for a cavity optomechanical system for gravitational accelerometry with a light-matter interaction of the canonical `trilinear' radiation pressure form. The phase of the optical output of the cavity encodes the gravitational acceleration $g$ and is the only component which needs to be measured to perform the gravimetry. We analytically show that homodyne detection is the optimal readout in our scheme, based on the cyclical decoupling of light and matter, and predict a fundamental sensitivity of $\Delta g = 10^{-15}$ ms$^{-2}$ for currently achievable optomechanical systems which could, in principle, surpass the best atomic interferometers even for low optical intensities. Our scheme is strikingly robust to the initial thermal state of the mechanical oscillator as the accumulated gravitational phase only depends on relative position separation between components of the entangled optomechanical state arising during the evolution.Comment: 14 pages, 15 figure

Parametric identification of the dynamics of inter-sectoral balance: modelling and forecasting

This work is devoted to modelling and identification of the dynamics of the inter-sectoral balance of a macroeconomic system. An approach to the problem of specification and identification of a weakly formalized dynamical system is developed. A matching procedure for parameters of a linear stationary Cauchy problem with a decomposition of its upshot trend and a periodic component, is proposed. Moreover, an approach for detection of significant harmonic waves, which are inherent to real macroeconomic dynamical systems, is developed.Comment: This is a preprint of a paper accepted for publication 29-March-2019 as a book chapter in 'Advances in Intelligent Systems and Computing' [https://www.springer.com/series/11156], Springe

Rad51 Nucleoprotein Filament Disassembly Captured Using Fluorescent \u3cem\u3ePlasmodium falciparum\u3c/em\u3e SSB as a Reporter for Single-Stranded DNA

Single-stranded DNA binding (SSB) proteins coordinate DNA replication, repair, and recombination and are critical for maintaining genomic integrity. SSB binds to single-stranded DNA (ssDNA) rapidly and with very high affinity making it a useful molecular tool to detect free ssDNA in solution. We have labeled SSB from Plasmodium falciparum (Pf-SSB) with the MDCC (7-diethylamino-3-((((2-maleimidyl)ethyl)amino)-carbonyl)coumarin) fluorophore which yields a four-fold increase in fluorescence upon binding to ssDNA. Pf-SSBMDCC binding to DNA is unaffected by NaCl or Mg2+ concentration and does not display salt-dependent changes in DNA binding modes or cooperative binding on long DNA substrates. These features are unique to Pf-SSB, making it an ideal tool to probe the presence of free ssDNA in any biochemical reaction. Using this Pf-SSBMDCC probe as a sensor for free ssDNA, we have investigated the clearing of preformed yeast Rad51 nucleoprotein filaments by the Srs2 helicase during HR. Our studies provide a rate for the disassembly of the Rad51 filament by full length Srs2 on long ssDNA substrates. Mutations in the conserved 2B domain in the homologous bacterial UvrD, Rep and PcrA helicases show an enhancement of DNA unwinding activity, but similar mutations in Srs2 do not affect its DNA unwinding or Rad51 clearing properties. These studies showcase the utility of the Pf-SSB probe in mechanistic investigation of enzymes that function in DNA metabolism

Revenue-Recycling and the Efficiency and Spatial Distributional Impacts of Development Taxes

Recent studies that compare the efficiency and distributional impacts of alternative instruments to curb sprawl typically ignore what to do with the revenues from anti-sprawl policies, such as development taxes. This paper extends first-best analysis of development taxes aimed at preserving land at the urban fringe to account for interactions with other distortions within the urban system. By incorporating urban decline at the city core, which in turn, generates negative neighborhood spillover effects and extra pressure for development at the urban fringe, we provide a more complete framework to evaluate the efficiency and distributional impacts of development taxes. We consider three potential alternative schemes to recycle the revenues: lump sum recycling, earmarked revenues to purchase conservation easements that permanently save open space and earmarked revenues to subsidize a revitalization program at the city core. In this setting, when revenues from the development tax are earmarked to fund a conservation easement there is an additional welfare gain (relative to the lump sum case) because the threat of future conversation of open space is fully eliminated. Similarly, when revenues are earmarked to fund a revitalization program at the city core, there are additional sources of welfare that make this policy preferred relative to the lump-sum recycling scheme. Finally, we also explore the spatial distributional impacts of these three alternative recycling schemes.Urban Sprawl, Revenue-Recycling, Regional Coordination, Spatial Modeling, Environmental Economics and Policy, Land Economics/Use, Resource /Energy Economics and Policy, Q31, R14, R38,

Welfare Effects of Anti-Sprawl Policies in the Presence of Urban Decline

This paper extends first-best analysis of anti-sprawl policies, such as development taxes, and examines the welfare effects of development taxes in the presence of urban decline at the city core. We find that anti-sprawl policies generate several important feedbacks within the urban system, generating additional welfare gains and affecting the level of urban decline and suburban sprawl. Further, the optimal development tax exceeds the (first-best) Pigouvian level, irrespective of whether or not revenues are returned lump-sum to all landowners or earmarked for urban decline mitigation.urban sprawl, development taxes, second-best policies, spatial modeling, Land Economics/Use,