Details about Donald Keenan

Access statistics for papers by Donald Keenan.

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Short-id: pke193

Working Papers

2019

1. A VALUATION APPROACH IN HOUSING BOOM AND BUST CYCLES
   AfRES, African Real Estate Society (AfRES)

2017

2. Modified Sharpe Ratios in Real Estate Performance Measurement: Beyond the Standard Cornish Fisher Expansion
   THEMA Working Papers, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise

2016

3. Mortgage Rates vs. the Corporate Bond Yield Index: Their Impact on the Housing Market in California during the Time of Qes
   ERES, European Real Estate Society (ERES)

2011

4. A Theory of Dynamic Tariff and Quota Retaliation
   MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) View citations (1)

1993

5. Voluntary Public-Good Provisions Under Uncertainty with Nash and Non-Nash Behavior
   Working Papers, Georgia - College of Business Administration, Department of Economics

Journal Articles

2022

1. Closing the invisible hand: a rehabilitation of tâtonnement dynamics
   Journal of Economic Interaction and Coordination, 2022, 17, (3), 681-711
2. Reversibly greater downside risk aversion
   The Geneva Risk and Insurance Review, 2022, 47, (2), 327-338 View citations (2)
3. Reversibly greater downside risk aversion by a prudence-based measure
   Economics Letters, 2022, 210, (C) View citations (2)

2021

4. Delinquencies, Default and Borrowers' Strategic Behavior toward the Modification of Commercial Mortgages
   Real Estate Economics, 2021, 49, (3), 936-967
5. Spatial Dependence in Subprime Mortgage Defaults
   The Journal of Real Estate Finance and Economics, 2021, 62, (1), 1-24 View citations (1)

2018

6. Bringing order to rankings of utility functions by strong increases in nth order aversion to risk
   Journal of Mathematical Economics, 2018, 78, (C), 35-44 View citations (2)
7. DIRECTION AND INTENSITY OF RISK PREFERENCE AT THE THIRD ORDER
   Journal of Risk & Insurance, 2018, 85, (2), 355-378 View citations (4)

2017

8. Greater parametric downside risk aversion
   Journal of Mathematical Economics, 2017, 71, (C), 119-128 View citations (3)
9. Housing Prices at the Time of QEs in California: Effect of Mortgage Rates
   International Journal of Financial Research, 2017, 8, (2), 1-6

2016

10. Strong Increases in Downside Risk Aversion
    The Geneva Papers on Risk and Insurance Theory, 2016, 41, (2), 149-161 View citations (9)
    Also in The Geneva Risk and Insurance Review, 2016, 41, (2), 149-161 (2016) View citations (8)

2015

11. Cornish-Fisher Expansion for Commercial Real Estate Value at Risk
    The Journal of Real Estate Finance and Economics, 2015, 50, (4), 439-464 View citations (7)
12. Uniqueness, stability, and local comparative statics for competitive equilibrium
    International Journal of Economic Theory, 2015, 11, (2), 169-176

2014

13. First Mortgages, Second Mortgages, and Their Default
    The Journal of Real Estate Finance and Economics, 2014, 48, (4), 561-588 View citations (3)
14. Poverty, Disease, and the Ecology of Complex Systems
    PLOS Biology, 2014, 12, (4), 1-9 View citations (7)

2013

15. Diagonal dominance and global stability
    Mathematical Social Sciences, 2013, 65, (3), 217-221 View citations (1)
16. The Impact of Second Loans on Subprime Mortgage Defaults
    Real Estate Economics, 2013, 41, (4), 858-886 View citations (8)

2012

17. Asymmetric Information in the Subprime Mortgage Market
    The Journal of Real Estate Finance and Economics, 2012, 44, (1), 67-89 View citations (3)
18. Disease Ecology, Biodiversity, and the Latitudinal Gradient in Income
    PLOS Biology, 2012, 10, (12), 1-12 View citations (7)
19. Racial Discrimination and Mortgage Lending
    The Journal of Real Estate Finance and Economics, 2012, 45, (2), 289-304 View citations (15)
20. Ross risk vulnerability for introductions and changes in background risk
    Journal of Mathematical Economics, 2012, 48, (4), 197-206 View citations (5)
21. The Schwarzian derivative as a ranking of downside risk aversion
    Journal of Risk and Uncertainty, 2012, 44, (2), 149-160 View citations (6)

2011

22. An Analysis of Mortgage Termination Risks: A Shared Frailty Approach with MSA-Level Random Effects
    The Journal of Real Estate Finance and Economics, 2011, 42, (1), 51-67 View citations (8)
23. Leverage and Mortgage Foreclosures
    The Journal of Real Estate Finance and Economics, 2011, 42, (4), 393-415 View citations (1)
24. Subprime mortgage default
    Journal of Urban Economics, 2011, 70, (2-3), 75-87 View citations (12)
    Also in Journal of Urban Economics, 2011, 70, (2), 75-87 (2011) View citations (12)

2010

25. Greater prudence and greater downside risk aversion
    Journal of Economic Theory, 2010, 145, (5), 2018-2026 View citations (18)

2009

26. Estimating Default Probabilities Implicit in Commercial Mortgage Backed Securities (CMBS)
    The Journal of Real Estate Finance and Economics, 2009, 39, (2), 107-117 View citations (9)
27. Greater downside risk aversion in the large
    Journal of Economic Theory, 2009, 144, (3), 1092-1101 View citations (23)

2008

28. Risk preferences and changes in background risk
    Journal of Risk and Uncertainty, 2008, 36, (2), 139-152 View citations (11)

2006

29. Reduced Form Mortgage Pricing as an Alternative to Option-Pricing Models
    The Journal of Real Estate Finance and Economics, 2006, 33, (3), 183-196 View citations (8)
30. The Private Provision of Public Goods under Uncertainty: A Symmetric‐Equilibrium Approach
    Journal of Public Economic Theory, 2006, 8, (5), 863-873 View citations (11)

2004

31. Foundations of non-cooperative game theory, Klaus Ritzberger, Oxford University Press, Oxford, 2000/2, 353 pages, ISBN: 019924785, $80.00, paperback 353 pages, ISBN: 019924786, $29.95, hardcover
    Journal of Economic Psychology, 2004, 25, (5), 675-677

2003

32. Locally Greater Vulnerability to Background Risk
    The Geneva Risk and Insurance Review, 2003, 28, (2), 161-172 View citations (3)

2002

33. Greater Downside Risk Aversion
    Journal of Risk and Uncertainty, 2002, 24, (3), 267-77 View citations (31)

2001

34. Aggregate Substitution Effects Implying Global Stability
    Journal of Economic Theory, 2001, 101, (1), 317-329 View citations (3)

2000

35. The law of demand implies limits to chaos
    Economics Letters, 2000, 69, (3), 313-317 View citations (1)

1999

36. A Complete Characterization of Potential Compensation Tests of Hicksian Welfare Measures
    Canadian Journal of Economics, 1999, 32, (1), 215-233
37. Catastrophic Default and Credit Risk for Lending Institutions
    Journal of Financial Services Research, 1999, 15, (2), 87-102 View citations (9)
38. Patterns of rational default
    Regional Science and Urban Economics, 1999, 29, (6), 765-785 View citations (12)

1995

39. Pricing a Class of American and European Path Dependent Securities
    Management Science, 1995, 41, (12), 1892-1899
40. The Valuation at Origination of Fixed-Rate Mortgages with Default and Prepayment
    The Journal of Real Estate Finance and Economics, 1995, 11, (1), 5-36 View citations (68)

1994

41. Default Probabilities for Mortgages
    Journal of Urban Economics, 1994, 35, (3), 278-296 View citations (118)

1993

42. Competition, collusion, and chaos
    Journal of Economic Dynamics and Control, 1993, 17, (3), 327-353 View citations (7)
43. Option Theory and Floating-Rate Securities with a Comparison of Adjustable- and Fixed-Rate Mortgages
    The Journal of Business, 1993, 66, (4), 595-618 View citations (29)
44. Transaction Costs, Suboptimal Termination and Default Probabilities
    Real Estate Economics, 1993, 21, (3), 247-263 View citations (40)

1992

45. A note on bias resulting from imposing expedient conditions on mortgage valuation models
    Journal of Housing Economics, 1992, 2, (2), 185-198

1990

46. Morishima Systems and Global Stability
    International Economic Review, 1990, 31, (1), 11-16 View citations (3)
47. Pricing Commercial Mortgages and Their Mortgage-Backed Securities
    The Journal of Real Estate Finance and Economics, 1990, 3, (4), 333-56 View citations (20)
48. The Valuation and Analysis of Adjustable Rate Mortgages
    Management Science, 1990, 36, (12), 1417-1431 View citations (14)

1988

49. Shadow interest groups and safety regulation
    International Review of Law and Economics, 1988, 8, (1), 21-36

1987

50. Taxes, Points and Rationality in the Mortgage Market
    Real Estate Economics, 1987, 15, (3), 168-184 View citations (3)
51. The valuation and securitization of commercial and multifamily mortgages
    Journal of Banking & Finance, 1987, 11, (3), 525-546 View citations (17)

1985

52. Global stability for homothetic preferences in a distribution economy
    Economics Letters, 1985, 18, (2-3), 101-104
53. Pricing Default Risk in Mortgages
    Real Estate Economics, 1985, 13, (3), 261-272 View citations (35)
54. Rational Pricing of Adjustable Rate Mortgages
    Real Estate Economics, 1985, 13, (2), 117-128 View citations (7)
55. The limits of the equity-efficiency tradeoff
    Public Choice, 1985, 47, (3), 425-436 View citations (1)

1983

56. Inflation, taxes and housing: A theoretical analysis
    Journal of Public Economics, 1983, 21, (1), 93-104 View citations (3)

1982

57. A General Equilibrium Model of Congressional Voting
    The Quarterly Journal of Economics, 1982, 97, (2), 271-293 View citations (58)
58. Uniqueness and global stability in general equilibrium theory
    Journal of Mathematical Economics, 1982, 9, (1-2), 23-25 View citations (2)

1981

59. Further remarks on the Global Newton method
    Journal of Mathematical Economics, 1981, 8, (2), 159-165 View citations (11)
60. On the theory of interest rates, consumer durables, and the demand for housing
    Journal of Urban Economics, 1981, 10, (2), 183-200 View citations (3)
61. The Output Distribution Frontier: Comment
    American Economic Review, 1981, 71, (4), 796-99

1980

62. The Theory of Housing and Interest Rates
    Journal of Financial and Quantitative Analysis, 1980, 15, (4), 833-847 View citations (8)