R. Kelley Pace
Professor,
Department of Finance
Director,
Real Estate Research Institute
Distinctions:
Louisiana Real Estate Commission Chair of Real Estate
Contact
kpace@lsu.edu
225-578-6291
2937 Business Education Complex North
Education
PhD Real Estate, University of Georgia, 1985
BA Finance, College of Idaho, 1979
Dombrowski, T., Pace, R., Ratnadiwakara, D., and Slawson, Jr., V. (2020). "Deductible Choice in Flood Insurance: Who Chooses the Maximum?". Journal of Housing Research, 29(sup1), S144-S169.
Dombrowski, T., Narayanan, R. P., and Pace, R. (2020). Mortgage Portfolio Diversification in the Presence of Cross-Sectional and Spatial Dependence. Advances in Econometrics, 41, 383-411.
Dombrowski, T., Narayanan, R. P., and Pace, R. (2020). The Rank Size Rule and Challenges in Diversifying Commercial Real Estate Portfolios. Journal of Real Estate Finance and Economics, 2020.
Hayunga, D. and Pace, R. (2019). "The Impact of TOM on Prices in the US Housing Market". Journal of Real Estate Finance and Economics, 58(3), 335-365.
Hayunga, D., Pace, R., and Zhu, S. (2019). Borrower Risk and House Price Appreciation. Journal of Real Estate Finance and Economics, 58(4), 544-566.
Calabrese, R., McCollum, M., and Pace, R. (2019). Mortgage default decisions in the presence of non-normal, spatially dependent disturbances. Regional Science and Urban Economics, 76, 103-114.
Pace, R. and Zhu , S. (2019). "The Influence of House, Seller, and Locational Factors on the Probability of Sale". Journal of Housing Economics, 43, 73-82.
Pace, R. and Zhu, S. (2017). Implicit Hedonic Pricing Using Mortgage Payment Information. Journal of Real Estate Finance and Economics, 54(3), 387-402.
Hayunga, D. K and Pace, R. (2017). List Prices in the US Housing Market. Journal of Real Estate Finance and Economics, 55(2), 155-184.
Pace, R. and Zhu, S. (2015). "Inferring Price Information from Mortgage Payment Behavior: A Latent Index Approach". Journal of Real Estate Finance and Economics, 53.
Zhu, S. and Pace, R. (2015). Factors underlying short sales. Journal of Housing Economics, 27, 60-75.
Zhu , S. and Pace, R. (2015). "The Influence of Foreclosure Delays on Borrowers' Default Behavior,". Journal of Money, Credit and Banking, 47(6), 1205-1222.
McCollum, M., Lee, H., and Pace, R. (2015). Deleveraging and Mortgage Curtailment. Journal of Banking and Finance, 60, 60-75.
LeSage, J. and Pace, R. (2014). The biggest myth in spatial econometrics. Econometrics, 2(4), 217-249.
Zhu, S., Pace, R., and Morales, W. A. (2014). Using Housing Futures in Mortgage Research. Journal of Real Estate Finance and Economics, 48(1), 1-15.
Zhu, S. and Pace, R. (2014). Spatially Interdependent Mortgage Decisions. Journal of Real Estate Finance and Economics, 49(4), 598-620.
Zhu, S. and Pace, R. (2012). Distressed Properties: Valuation Bias and Accuracy. Journal of Real Estate Finance and Economics, 44, 75-90.
Hayunga, D. and Pace, R. (2010). Spatial Aspects of Commercial Real Estate. Journal of Real Estate Finance and Economics, 41(2), 103-125.
Lee, M. Long and Pace, R. (2005). Spatial Distribution of Retail Sales. Journal of Real Estate Finance and Economics, 31(1), 53-69.
James, L. and Pace, R. (2004). Conditioning upon All the Data: Improved Prediction via Imputation. Journal of Real Estate Finance and Economics, 29(2), 233-254.
Pace, R. and LeSage, J.. Spatial Econometrics and Real Estate. Journal of Real Estate Finance and Economics, 29(2), 147-148.
John, C., Rodriguez, M., and Pace, R. (2001). Residential Land Values and the Decentralization of Jobs. Journal of Real Estate Finance and Economics, 22(1), 43-61.
Pace, R. and Gilley, O. (1998). Generalizing OLS and the Grid Estimator. Real Estate Economics, 26(2), 331-347.
Pace, R., Barry, R., and Sirmans, C. (1998). Spatial Statistics and Real Estate. Journal of Real Estate Finance and Economics, 17(1), 5-13.
Pace, R., Barry, R., Clapp, J., and Rodriguez, M. (1998). Spatio-Temporal Estimation of Neighborhood Effects. Journal of Real Estate Finance and Economics, 17(1), 15-33.
Pace, R. and Gilley, O. (1997). Using the Spatial Configuration of Data to Improve Estimation. Journal of Real Estate Finance and Economics, 14(3), 333-340.
Pace, R. (1996). Relative Efficiencies of the Grid, OLS, and Nearest Neighbor Estimates. Journal of Real Estate Finance and Economics, 13(3), 203-218.
Gilley, O. and Pace, R. (1995). Improving Hedonic Estimation with an Inequality Restricted Estimator. Review of Economics and Statistics, 77(4), 609-621.
Pace, R. (1995). Parametric, Semiparametric, and Nonparametric Estimation of Mass Assessment and Hedonic Pricing Models. Journal of Real Estate Finance and Economics, 11(3), 195-217.
Pace, R. (1993). Nonparametric Methods with Application to Hedonic Models. Journal of Real Estate Finance and Economics, 7(3), 185-204.
Pace, R. and Gilley, O. (1990). Estimation Employing A Priori Information Within Mass Appraisal and Hedonic Pricing Models. Journal of Real Estate Finance and Economics, 3(1), 55-72.
Information Resources Committee, Committee Member (August 1, 2013 - July 31, 2014)
Information Resources Committee, Committee Member (August 1, 2012 - July 31, 2013)
Pace, R. (2019). Parametric, Semiparametric, and Nonparametric Estimation of Characteristic Values Within Mass Assessment and Hedonic Pricing Models In Catherine L. Kling (Ed.), Revealed Preference Approaches to Environmental Valuation Volumes I and II (pp. 193-217).
Pace, R. and Gilley, O. W (2019). Using the Spatial Configuration of the Data to Improve Estimation Revealed Preference Approaches to Environmental Valuation Volumes I and II (pp. 217-224).
LeSage, J. and Pace, R. (2014). Interpreting Spatial Econometric Models Handbook of Regional Science
Pace, R. (2014). Maximum Likelihood Handbook of Regional Science
LeSage, J. P and Pace, R. (2009). Introduction to Spatial Econometrics. Boca Raton, Florida: CRC Press/Chapman & Hall/Taylor & Francis.
McCollum, M., Narayanan, R. P., and Pace, R. (2019). A Revealed Preference Approach to Identifying Strategic Mortgage Default
Internet; Motley Fool; talks about the best mortgage lenders in June 2021; 2021
Internet; wallethub.com; Expert opinion on 2020's best real estate markets; 2020
Internet; nola.com; Describes business reopening process post Coronavirus; 2020