A major feature of the school finance landscape over the last two decades has been the reform of state school finance systems. Using the case of Maryland's Bridge to Excellence in Public Schools Act, this paper extends the current literature by developing a conceptual framework for residential bidding and sorting and using it to estimate housing…

This paper examines the economic incentives and institutions that support racial discrimination by real estate brokers. The economic incentives are derived from a search model of broker behavior in which a broker searches for buyers and listings (i.e., sellers who will sell through him) and then attempts to match buyers with his listings. This…

This paper focuses on designing policies to eliminate discrimination in the sale of single-family houses by analyzing the behavior of the agents who actually do most of the discriminating, namely real estate agents. Discriminatory practices are said to be supported by policies of house builders, lending institutions, and government, and by the…

One crucial step toward an understanding of discrimination against blacks in rental housing is a careful analysis of the landlord's economic incentives. Such analysis does not exist in the literature. This paper develops a model of landlord behavior under perfect competition when both black and white tenants have racial prejudice. This model…

Racial prejudice is said to influence strongly the locational decisions of households in urban areas. This paper introduces racial prejudice into a model of an urban area and derives several results about residential location. A previously developed long-run model of an urban area adds a locational dimension to a model of the housing market under…