Details about John F. McDonald

Workplace:

Department of Economics, University of Illinois at Chicago, (more information at EDIRC)

Access statistics for papers by John F. McDonald.

Last updated 2024-12-07. Update your information in the RePEc Author Service.

Short-id: pmc284

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Working Papers

Undated

1. Final Report of the Gary Income Maintenance Experiment: Labor Supply
   Mathematica Policy Research Reports, Mathematica Policy Research View citations (2)

Journal Articles

2023

1. The changing relationship between metropolitan area population growth and central city decline in the US manufacturing belt
   The Annals of Regional Science, 2023, 71, (2), 299-316

2021

2. Chicago's Industrial Decline: The Failure of Redevelopment, 1920–1975. By Robert Lewis. Ithaca: Cornell University Press, 2020. xi + 256 pp. Figures, tables, bibliography, index. ISBN: 978-1-5017-5262-9
   Business History Review, 2021, 95, (3), 580-582

2020

3. Financial Leverage, Taxation, and the Maximization of Investment Value
   Journal of Real Estate Portfolio Management, 2020, 26, (2), 161-169
4. How asymmetric are urban housing markets? Some worst cases
   The Journal of Economic Asymmetries, 2020, 21, (C) View citations (1)
5. What explains the housing boomlet in the city of Philadelphia?
   Journal of Urban Regeneration and Renewal, 2020, 14, (1), 66-83 View citations (1)

2018

6. Commuting time decisions for two-worker households in Korea
   Regional Science and Urban Economics, 2018, 69, (C), 122-129 View citations (8)
7. Four Decades of Futility: Economic Development Policy and Industrial Decline in Chicago
   Journal of Regional Analysis and Policy, 2018, 48, (2)
8. Minority groups in the metropolitan Chicago housing market: 1970–2015
   Urban Studies, 2018, 55, (11), 2431-2450
9. Mr. Ricardo's Theory of Land Rent
   Journal of Real Estate Practice and Education, 2018, 21, (1), 1-15

2015

10. Capitalisation rates for commercial real estate investment decisions
    Journal of Property Investment & Finance, 2015, 33, (3), 242-255

2014

11. What happened to and in Detroit?
    Urban Studies, 2014, 51, (16), 3309-3329 View citations (8)

2013

12. Monetary Policy and the Housing Bubble
    The Journal of Real Estate Finance and Economics, 2013, 46, (3), 437-451 View citations (41)
13. PIGOU, KNIGHT, DIMINISHING RETURNS, AND OPTIMAL PIGOUVIAN CONGESTION TOLLS
    Journal of the History of Economic Thought, 2013, 35, (3), 353-371 View citations (6)
14. The housing price bubble, the monetary policy and the foreclosure crisis in the US
    Applied Economics Letters, 2013, 20, (11), 1104-1108

2012

15. Equity Participation: A Theoretical Analysis
    Journal of Real Estate Portfolio Management, 2012, 18, (3), 247-255
16. Optimal leverage with a variable borrowing rate
    Applied Economics Letters, 2012, 19, (2), 117-121

2011

17. Effect of "Green" (LEED and ENERGY STAR) Designation on Prices/sf and Transaction Frequency: The Chicago Office Market
    Journal of Real Estate Portfolio Management, 2011, 17, (1), 39-52
18. Untaxed and Taxed Entities in the Market for Commercial Real Estate
    International Real Estate Review, 2011, 14, (2), 240-257
19. Why real estate values decline with leverage: a Modigliani-Miller example
    Applied Economics Letters, 2011, 18, (15), 1507-1510

2010

20. Housing appreciation (depreciation) and owners' welfare
    Journal of Housing Economics, 2010, 19, (1), 66-73 View citations (1)
21. Selling Prices/Sq. Ft. of Office Buildings in Down town Chicago—How Much Is It Worth to Be an Old But Class A Building?
    Journal of Real Estate Research, 2010, 32, (1), 1-22
22. Selling Prices/sq.ft. of Office Buildings in Downtown Chicago – How Much Is It Worth to Be an Old But Class A Building?
    Journal of Real Estate Research, 2010, 32, (1), 1-22 View citations (6)
23. The Q theory of investment, the capital asset pricing model and the capitalization rate in real estate valuation
    Applied Financial Economics, 2010, 20, (14), 1133-1143

2009

24. Calibration of a monocentric city model with mixed land use and congestion
    Regional Science and Urban Economics, 2009, 39, (1), 90-96 View citations (33)
25. GRADUATE EDUCATION IN ECONOMICS: MICROECONOMICS AT CHICAGO AND YALE IN THE 1960s
    Journal of the History of Economic Thought, 2009, 31, (2), 161-180 View citations (1)
26. Office Building Capitalization Rates: The Case of Downtown Chicago
    The Journal of Real Estate Finance and Economics, 2009, 39, (4), 472-485 View citations (7)
27. Review Articles: Eminent Domain: A Review of the Issues
    Journal of Real Estate Literature, 2009, 17, (1), 1-43

2008

28. Capitalization Rates, Discount Rates, and Net Operating Income: The Case of Downtown Chicago Office Buildings
    Journal of Real Estate Portfolio Management, 2008, 14, (4), 363-374
29. Economics of Rural Land‐Use Change, edited by Kathleen P. Bell, Kevin J. Boyle, and Jonathan Rubin
    Journal of Regional Science, 2008, 48, (3), 666-667
30. Land Values and the 1957 Comprehensive Amendment to the Chicago Zoning Ordinance
    Urban Studies, 2008, 45, (8), 1647-1661 View citations (20)
31. Maximization of nonresidential property tax revenue by a local government
    Applied Economics Letters, 2008, 15, (12), 925-928

2007

32. Optimal Leverage in Real Estate Investment with Mezzanine Lending
    Journal of Real Estate Portfolio Management, 2007, 13, (1), 1-6
33. Property taxation and selling prices of industrial real estate
    Review of Accounting and Finance, 2007, 6, (3), 273-284 View citations (1)
34. Rebuilding New Orleans: Editor's Introduction
    Journal of Real Estate Literature, 2007, 15, (2), 197-212
35. William Alonso, Richard Muth, Resources for the Future, and the Founding of Urban Economics
    Journal of the History of Economic Thought, 2007, 29, (1), 67-84
36. Writing For Publication to Ensure Tenure and Promotion for Real Estate Faculty
    Journal of Real Estate Literature, 2007, 15, (1), 1-36

2006

37. Market Value Websites: How Good Are They?
    Journal of Real Estate Literature, 2006, 14, (2), 223-230

2005

38. The Q Theory of Investment, the Capital Asset Pricing Model and Real Estate Valuation: A Synthesis
    Journal of Real Estate Literature, 2005, 13, (3), 269-286

2004

39. Determinants of Suburban Development Controls: A Fischel Expedition
    Urban Studies, 2004, 41, (2), 341-361 View citations (20)
40. Reaction of House Prices to a New Rapid Transit Line: Chicago's Midway Line, 1983–1999
    Real Estate Economics, 2004, 32, (3), 463-486 View citations (134)
41. Road Pricing in Practice and Theory
    Review of Network Economics, 2004, 3, (4), 9 View citations (4)
42. The Deconcentration of Poverty in Chicago: 1990-2000
    Urban Studies, 2004, 41, (11), 2119-2137 View citations (3)

2003

43. A Capital Asset Pricing Model with Variable Asset Supply
    Review of Accounting and Finance, 2003, 2, (4), 5-19
44. Costs and Benefits of Land Use Regulations: A Theoretical Survey
    Journal of Real Estate Literature, 2003, 11, (2), 157-176
45. Determinants of Commuting Time and Distance for Seoul Residents: The Impact of Family Status on the Commuting of Women
    Urban Studies, 2003, 40, (7), 1283-1302 View citations (78)

2002

46. A Survey of Econometric Models of Office Markets
    Journal of Real Estate Literature, 2002, 10, (2), 223-242
47. Handbook of Regional and Urban Economics, Volume 3: Applied Urban Economics. Paul Cheshire and Edwin S. Mills (eds). Amsterdam: North Holland. 1999. ISBN 0 444 82138, 738 pp. Price $140.00
    Journal of Economic Geography, 2002, 2, (4), 493-503
48. Land Values In A Newly Zoned City
    The Review of Economics and Statistics, 2002, 84, (1), 62-72 View citations (76)
49. Property Taxation and Optimal Capital Structure in Real Estate Investment
    Review of Accounting and Finance, 2002, 1, (2), 5-21 View citations (1)

2001

50. Cost‐Benefit Analysis of Local Land Use Allocation Decisions
    Journal of Regional Science, 2001, 41, (2), 277-299 View citations (11)

2000

51. Employment Subcenters and Subsequent Real Estate Development in Suburban Chicago
    Journal of Urban Economics, 2000, 48, (1), 135-157 View citations (41)
52. Rent, Vacancy and Equilibrium in Real Estate Markets
    Journal of Real Estate Practice and Education, 2000, 3, (1), 55-69
53. Residential Building Permits in Urban Counties: 1990-1997
    Journal of Housing Economics, 2000, 9, (3), 175-186 View citations (2)

1999

54. An economic analysis of guns, crime, and gun control
    Journal of Criminal Justice, 1999, 27, (1), 11-19 View citations (2)
55. Economic efficiency of second-best congestion pricing schemes in urban highway systems
    Transportation Research Part B: Methodological, 1999, 33, (3), 157-188 View citations (47)
56. Land use before zoning: The case of 1920's Chicago
    Regional Science and Urban Economics, 1999, 29, (4), 473-489 View citations (13)
57. Optimal Leverage in Real Estate Investment
    The Journal of Real Estate Finance and Economics, 1999, 18, (2), 239-52 View citations (4)

1998

58. Efficient Congestion Tolls in the Presence of Unpriced Congestion: A Peak and Off-Peak Simulation Model
    Journal of Urban Economics, 1998, 44, (3), 352-366 View citations (70)
59. Land Values, Land Use, and the First Chicago Zoning Ordinance
    The Journal of Real Estate Finance and Economics, 1998, 16, (2), 135-50 View citations (24)
60. Population Density in Suburban Chicago: A Bid-rent Approach
    Urban Studies, 1998, 35, (7), 1119-1130 View citations (23)
61. Suburban Subcenters and Employment Density in Metropolitan Chicago
    Journal of Urban Economics, 1998, 43, (2), 157-180 View citations (130)

1997

62. Comment on Kala Seetharam Sridhar's (1996) "Tax Costs and Employment Benefits of Enterprise Zones"
    Economic Development Quarterly, 1997, 11, (3), 222-224 View citations (3)
63. Rent Control with Rent Discrimination Revisited
    The Journal of Economic Education, 1997, 28, (4), 316-322

1995

64. The effect of anticipated transportation improvement on residential land values
    Regional Science and Urban Economics, 1995, 25, (3), 261-278 View citations (114)

1994

65. Suburban Employment Centres: The Case of Chicago
    Urban Studies, 1994, 31, (2), 201-218 View citations (67)

1993

66. Could Zoning Have Increased Land Values in Chicago?
    Journal of Urban Economics, 1993, 33, (2), 167-188 View citations (24)
67. Incidence of the Property Tax on Commercial Real Estate: The Case of Downtown Chicago
    National Tax Journal, 1993, 46, (2), 109-20 View citations (11)
68. Local Property Tax Differences and Business Real Estate Values
    The Journal of Real Estate Finance and Economics, 1993, 6, (3), 277-87 View citations (4)

1991

69. A Markov Chain model of zoning change
    Journal of Urban Economics, 1991, 30, (2), 257-270 View citations (14)
70. A simultaneous equations model of zoning and land values
    Regional Science and Urban Economics, 1991, 21, (1), 55-72 View citations (21)
71. Economics of Electricity Self-Generation by Industrial Firms
    The Energy Journal, 1991, Volume 12, (Number 2), 47-66 View citations (12)
    Also in The Energy Journal, 1991, 12, (2), 47-66 (1991)
72. Local fiscal issues in the Philadelphia metropolitan area: Thomas Luce and Anita Summers, (University of Pennsylvania Press, Philadelphia, PA, 1987) and William Stull and Janice Madden, Post-Industrial Philadelphia: Structural Changes in the Metropolitan Economy (University of Pennsylvania Press, Philadelphia, PA, 1990)
    Regional Science and Urban Economics, 1991, 21, (4), 657-664
73. Optimal road capacity and the "uneconomic" region of production
    Transportation Research Part B: Methodological, 1991, 25, (6), 421-431
74. Urban land value functions with endogenous zoning
    Journal of Urban Economics, 1991, 29, (1), 14-27 View citations (51)

1990

75. A Two-Limit Tobit Model of Suburban Land-Use Zoning
    Land Economics, 1990, 66, (3), 272-282 View citations (11)
76. Effects of demand uncertainty on optimal capacity and congestion tolls for urban highways
    Journal of Urban Economics, 1990, 28, (1), 63-70 View citations (17)
77. Employment Subcenters and Land Values in a Polycentric Urban Area: The Case of Chicago
    Environment and Planning A, 1990, 22, (12), 1561-1574 View citations (81)
78. Optimal road capacity with a suboptimal congestion toll
    Journal of Urban Economics, 1990, 28, (1), 34-49 View citations (22)

1989

79. Econometric studies of urban population density: A survey
    Journal of Urban Economics, 1989, 26, (3), 361-385 View citations (91)
80. On the estimation of localization economies
    Economics Letters, 1989, 29, (3), 275-277 View citations (2)
81. Selectivity Bias in Urban Land Value Functions
    Land Economics, 1989, 65, (4), 341-351 View citations (20)

1988

82. Constraints on land consumption and urban rent gradients
    Journal of Urban Economics, 1988, 24, (3), 279-288 View citations (2)
83. Highway traffic flow and the uneconomic region of production
    Regional Science and Urban Economics, 1988, 18, (4), 503-509 View citations (3)

1987

84. Crime and punishment: A social welfare analysis
    Journal of Criminal Justice, 1987, 15, (3), 245-254
85. Separating the Changing Composition of U.S. Manufacturing Production from Energy Efficiency Improvements: A Divisia Index Approach
    The Energy Journal, 1987, Volume 8, (Number 2), 77-96 View citations (100)
86. The identification of urban employment subcenters
    Journal of Urban Economics, 1987, 21, (2), 242-258 View citations (113)

1986

87. Fuel choice in new fossil fuel electric power plants
    Resources and Energy, 1986, 8, (1), 21-34 View citations (6)

1985

88. A Comparison of Two Methods to Project Regional and State Populations for the U.S
    The Annals of Regional Science, 1985, 19, (3), 40-53
89. Expectations and Urban Housing Prices
    Urban Studies, 1985, 22, (6), 543-549 View citations (4)
90. The intensity of land use in urban employment sectors: Chicago 1956-1970
    Journal of Urban Economics, 1985, 18, (3), 261-277 View citations (3)

1984

91. CHANGING PATTERNS OF LAND USE IN A DECENTRALIZING METROPOLIS
    Papers in Regional Science, 1984, 54, (1), 59-70 View citations (2)

1983

92. An economic analysis of local inducements for business
    Journal of Urban Economics, 1983, 13, (3), 322-336 View citations (1)
93. Citizen Demand for Exposure to Street Crime
    Urban Studies, 1983, 20, (4), 419-429 View citations (3)
94. Route choice and the value of commuting time: An economic model of dichotomous choice
    Transportation Research Part B: Methodological, 1983, 17, (6), 463-470 View citations (3)

1981

95. Capital-land substitution in urban housing: A survey of empirical estimates
    Journal of Urban Economics, 1981, 9, (2), 190-211 View citations (46)
96. THE SUBSTITUTION OF LAND FOR OTHER INPUTS IN URBAN AREAS
    Papers in Regional Science, 1981, 48, (1), 39-52 View citations (3)
97. The market for street crime: An economic analysis of victim-offender interaction
    Journal of Urban Economics, 1981, 10, (3), 390-405 View citations (8)

1980

98. The Uses of Tobit Analysis
    The Review of Economics and Statistics, 1980, 62, (2), 318-21 View citations (594)
99. The use of proxy variables in housing price analysis
    Journal of Urban Economics, 1980, 7, (1), 75-83 View citations (2)

1979

100. An Empirical Test of a Theory of the Urban Housing Market
     Urban Studies, 1979, 16, (3), 291-297 View citations (2)
101. Disaggregation of Income Maintenance Impacts on Family Earnings
     The Review of Economics and Statistics, 1979, 61, (3), 354-60 View citations (3)
102. Land value functions: A reevaluation
     Journal of Urban Economics, 1979, 6, (1), 25-41 View citations (27)
103. The Effect of Income Maintenance on the School-Enrollment and Labor-Supply Decisions of Teenagers
     Journal of Human Resources, 1979, 14, (4), 488-495 View citations (2)
     Also in Journal of Human Resources, 1972, 7, (4), 488-495 (1972)

1978

104. The estimation of the impact of residential zoning on land values
     Economics Letters, 1978, 1, (2), 183-185

1976

105. Some tests of alternative urban population density functions
     Journal of Urban Economics, 1976, 3, (3), 242-252 View citations (22)

1975

106. Some Causes of the Decline of Central Business District Retail Sales in Detroit
     Urban Studies, 1975, 12, (2), 229-233 View citations (2)
107. Variations in the value of reductions in commuting time
     Journal of Urban Economics, 1975, 2, (3), 265-277 View citations (3)

1974

108. Housing Market Discrimination, Homeownership, and Savings Behavior: Comment
     American Economic Review, 1974, 64, (1), 225-29 View citations (1)

Chapters

2013

1. Imagining the future of an individual city
   Chapter 12 in Handbook of Research Methods and Applications in Urban Economies, 2013, pp 295-319

2004

2. Locally Weighted Maximum Likelihood Estimation: Monte Carlo Evidence and an Application
   Springer View citations (11)

2003

3. Land use regulations and the property tax: costÂ…benefit analyses
   Chapter 7 in The Property Tax, Land Use and Land Use Regulation, 2003

1976

4. The Estimation of Dynamic Economic Relations from a Time Series of Cross Sections: A Programming Modification
   A chapter in Annals of Economic and Social Measurement, Volume 5, number 1, 1976, pp 153-155 View citations (1)