Volume 48, Number 2 (2005)


Aaron Director Remembered
Stephen M. Stigler


Why Is Manhattan So Expensive? Regulation and the Rise in Housing Prices
Edward L. Glaeser, Joseph Gyourko, and Raven Saks


Corporate Governance and Accounting Scandals
Anup Agrawal and Sahiba Chadha


Evidence for the Possible Information Loss of Conforming Book Income and Taxable Income
Michelle Hanlon, Stacie Kelley Laplante, and Terry Shevlin


The Reputational Penalties for Environmental Violations: Empirical Evidence
Jonathan M. Karpoff, John Lott, and Eric W. Wehrly


The Choice of Titling System in Land
Benito Arruñada and Nuno Garoupa