Private Real Estate Investments errata (so far)

Page 21

“Businesses that can easily move out of an oppressive jurisdiction restrain policymakers who might otherwise enact ruinous legislation.”

Page 28, Figure 2-2 the legend is reversed. It should be

Page 29, Figure 2-3 has a similar problem. In addition to correcting the graphic as you see here, the text below should be slightly changed to reflect the correction in the graphic

Figure 2-3 shows how a decrease in γ moves the marginal benefit function in toward the origin and an increase in β moves the marginal cost function in and up in a northwest direction (dotted lines represent the new functions). Note that both movements are away from optimality.

Page 42, Figure 3-2 has a superfluous “%” sign after the 1.43 Debt Coverage Ratio (DCR). The figure should be

Page 48, Figure 3-4 reflect some numbers that are unexplained (89.01, 89.02, etc). These are census tract numbers used to identify the areas on the map and have no other significance.

Page 90, Equation 4-15 is missing a critical minus sign in the exponent in the denominator. It should be: