The Dynamics of Metropolitan Housing Prices

This article is the winner of the Innovative Thinking ‘‘Thinking Out of the Box’’ manuscript prize (sponsored by the Homer Hoyt Advanced Studies Institute) presented at the 2001 American Real Estate Society Annual Meeting. This study examines the dynamics of real housing price appreciation in 130 metropolitan areas across the United States. The study finds that real housing price appreciation is strongly influenced by the growth of population and real changes in income, construction costs and interest rates. The study also finds that stock market appreciation imparts a strong current and lagged wealth effect on housing prices. Housing appreciation rates also are found to vary across areas because of location-specific fixed-effects; these fixed effects represent the residuals of housing price appreciation attributable to location. The magnitudes of the fixed-effects in particular cities are positively correlated with restrictive growth management policies and limitations on land availability.

Signed graphs, regular matroids, grafts

Mathematics

Shunting of Passenger Train Units: an Integrated Approach

In this paper, we describe a new model for the Train Unit Shunting Problem. This model is capable of solving the matching and parking subproblems in an integrated manner, usually requiring a reasonable amount of computation time for generating acceptable solutions. Furthermore, the model incorporates complicating details from practice, such as trains composed of several train units and tracks that can be approached from two sides. Computation times are reduced by introducing the concept of virtual shunt tracks. Computational results are presented for real-life cases of NS Reizigers, the main Dutch passenger railway operator.Optimization;Passenger Railways;Shunting

Active region evolution in the chromosphere and transtition region

Images in the C IV 1548 A and the Si II 1526 S lines taken with the ultraviolet spectrometer polarimeter (UVSP) instrument on board the Solar Maximum Mission (SMM) satellite were combined into movies showing the evolution of active regions and the neighboring supergranulation over several days. The data sets generally consist of 240 by 240 arc second rasters with 3 arc second pixels taken one per orbit (about every 90 minutes). The images are projected on a latitude/longitude grid to remove the forshortening as the region rotates across the solar disk and further processed to remove jitter and gain variations. Movies were made with and without differential rotation. Although there are occasional missing orbits, these series do not suffer from the long nighttime gaps that occur in observations taken at a single groundbased observatory and are excellent for studying changes on time scales of several hours. The longest sequence processed to date runs from 20 Oct. 1980 to 25 Oct. 1980. This was taken during an SMM flare buildup study on AR 2744. Several shorter sequences taken in 1980 and 1984 will also be shown. The results will be presented on a video disk which can be interactively controlled to view the movies

A short proof of Minc's conjecture

AbstractA short proof is given of the following conjecture of Minc, proved in 1973 by Brègman. Let A be a n × n − (0, 1)-matrix with ri ones in row i. Then per A ⩽ πi=1nri!1ri

Matroids and linking systems

AbstractWith the help of the concept of a linking system, theorems relating matroids with bipartite graphs and directed graphs are deduced. In this way natural generalizations of theorems of Edmonds & Fulkerson, Perfect, Pym. Rado, Brualdi and Mason are obtained. Furthermore some other properties of these linking systems are investigated