Research " THE EFFECTS OF MACROECONOMIC UNCERTAINTY ON IRREVERSIBLE INVESTMENT "

THE EFFECTS OF MACROECONOMIC UNCERTAINTY ON IRREVERSIBLE INVESTMENT Peer group and, by extension, average student performance are endogenous to unobserved determinants of housing prices. One estimation strategy that accommodates this endogeneity is that taken by Bayer, McMillan, and Reuben (2002), who estimate a structural model for housing prices and community composition in San Francisco.