Rays of Research on Real Estate Development

Jaime Luque joined the University of Wisconsin-Madison as assistant professor in the Department of Real Estate and Urban Land Economics at the Wisconsin School of Business (WSB) in September 2012. Prior to joining WSB, he was a visiting professor at the Carlos III University of Madrid. Jaime's main academic research applies general equilibrium theory to finance (mortgages and securities markets) and urban economics. He has also written on the economics of the European Union, including the necessity of a fiscal union and the impact of the sovereign crisis on credit markets. His recent work focuses on the role of the credit scoring technology in the evolution of the subprime mortgage market. Jaime's research has been published in journals such as Journal of Economic Theory, Journal of Public Economics, and Regional Science and Urban Economics. He has also written opinion pieces for the Financial Times, Expansion, La Repubblica, and The Huffington Post, as well as for the Vox.eu, Eurointelligence and The Conversation economics op-ed sites. Jaime's teaching specializations at the Wisconsin School of Business include real estate finance and urban economics.

Real estate development accounts for one of the major economic sectors in most countries, yet during the last two decades research on this important topic has been scattered. This textbook brings together some of the most important results on this subject. The book is written in a pedagogical way and covers crucial aspects of this industry such as growth management and real options, land use regulations, mixed housing developments, taxes, externalities, housing affordability problems, land prices and uncertainty, public infrastructures, and housing supply. This book is an excellent source for an advance course in real estate development that attempts to cover important contributions in this area. The has included multiple choice questions to test students' assimilation of the material.