User:HRShami/Dennis Capozza

Dennis Capozza is an American researcher, academic and professor. He is Professor Emeritus of Finance and Real Estate at the University of Michigan. He is the editor of Journal of Financial Abstracts: Real Estate.

Capozza's research has been focused on real estate and financial economics. He has written over 50 scientific articles and several book chapters. He is a fellow of Urban Land Institute. He received the David Ricardo Medal from the American Real Estate Society in 2011.

Education
Capozza received a B.A. in Economics from University of Pennsylvania in 1967 and a Ph.D. in Economics from Johns Hopkins University in 1972.

Career
In 1971, Capozza joined the University of Southern California as an Assistant Professor of Finance and Business Economics, becoming Associate Professor in 1977. He had a brief stint as a Visiting Scholar at the U.S. Department of Housing and Urban Development in 1978. In 1979, he left University of Southern California and moved to Canada, where he joined University of British Columbia as a Visiting Scholar. He became Full Professor of Commerce and Business Administration in 1981 and received the Philip H. White Chair of Urban Land Economics in 1984. He served as the Chair of the Urban Land Economics program from 1983 to 1985. He also served as the Vice President of UBC Faculty Association from 1987 to 1988 and as the President from 1988 to 1989.

Capozza left University of British Columbia in 1989, moved back to the United States and joined the Ross School of Business at University of Michigan as the Dale Dykema Professor of Business Administration and Professor of Finance. In 2015, he became Professor Emeritus of Finance at University of Michigan.

Capozza has been the Editor of Journal of Financial Abstracts: Real Estate since 1995. From 1991 to 1997, he served as the Editor of Real Estate Economics. He has been on the journal's editorial board since then. He has been on the Editorial Board of Journal of Real Estate Research since 1999 and The Journal of Real Estate Finance and Economics since 1989. He also served on the Editorial Boards of Journal of the Asian Real Estate Society (1998-2004), of the Journal of Housing Research (1996-2005) and of International Regional Science Review (1980-1982)

Capozza founded University Financial Associates in 1998 and serves as its principal. In 2004, he served as the First Vice President of the American Real Estate and Urban Economics Association, and later as the President of the association.

Research and work
In the beginning of his career, Capozza's research was focused on urban land development, urban land use, transportation in urban areas, and urban housing. In the late 1970s, his research began to focus on market competition, pricing under free entry and spatial monopoly. In 1978, he wrote a paper entitled A Generalized Model of Spatial Competition in The American Economic Review. The paper became one of his most cited papers.

In the early 1980s, some of Capozza's research focused on interest rates, mortgage rates, and insurance. At the time, he was in Canada, teaching at the University of British Columbia, so most of his research deals with the Canadian market. The late 1980s saw his research return to urban land with a focus on pricing and real estate markets.

In 1990, he co-authored a paper entitled The Stochastic City. Published in Journal of Urban Economics, the paper described... Much of Capozza's work in the 1990s was focused on real estate, REIT, return on investment in real estate and how to invest in land. Some his work during this time focused on housing markets, housing prices, and taxes and housing prices. His paper, The intensity and timing of investment: The case of land, published in 1994 discussed... Most of his work in 2000s was focused on house pricing. In this area, his work has dealt with the topics of dynamics affecting housing prices and subprime mortgages.

Awards and honors

 * 2011 - David Ricardo Medal (American Real Estate Society award recognizing outstanding long-term influence on real estate research and thought)
 * 2005 - E.S. Mills Award for the Best Paper in Real Estate Economics
 * 2003 - 2015 - Dale Dykema Professorship of Business Administration
 * 1998 - George Bloom Award for distinguished service to the Association (AREUEA) and field of Real Estate
 * 1997 - pres. Weimer School of Advanced Studies Faculty Member
 * 1995 - Urban Land Institute Fellow
 * 1990 - Wells Fargo Scholar
 * 1990 - Homer Hoyt Fellow
 * 1989 - 2003 - Stephen Ross Chair in Real Estate Finance
 * 1985 - Morguard Literary Award
 * 1984 - 1989 - Phillip H. White Chair in Urban Land Economics
 * 1983 - Morguard Literary Award
 * 1975 - Commerce Associate Fellowship
 * 1970 - 1971 - Resources for the Future Fellowship
 * 1967 - 1970 - NDEA Fellowship
 * 1967 - Shanbaum Prize in Economics