Curriculum Vita

Kelley Pace	home:
2164B CEBA, Department of Finance
E.J. Ourso College of Business
Louisiana State University	P.O. Box 16364
Baton Rouge, LA 70803-6308	Baton Rouge, LA 70893
(225)-388-6256, 6238
kpace@lsu.edu	kelley@pace.am
http://www.finance.lsu.edu/re	http://www.spatial-statistics.com/

Degrees

B.A. (Finance) 1979, College of Idaho

Ph.D. (Real Estate) 1985, University of Georgia

Permanent Positions

1997-                        Professor of Finance, Louisiana Real Estate Commission Chair of Real Estate

                                 Director, Real Estate Research Institute, Louisiana State University

1997-1996                        Professor, University of Alaska

1996-1990                        Associate Professor, University of Alaska

1990-1986                        Assistant Professor, University of Alaska

1986-1985                        Assistant Professor, University of Houston

1985-1982                        Instructor, University of Houston

Visiting Positions

1999-1996            Visiting Scholar, Center for Real Estate and Urban Economic Studies, University of Connecticut

1997                     Visiting Professor, Yakutsk State University, Russia

Courses Taught

Corporate Finance	Applied Real Estate Research
Investments	Real Estate Finance and Investments
International Finance	Real Estate Principles
Personal Finance

Professional Affiliations

American Real Estate Society	American Real Estate and Urban Economics Ass’n
American Statistics Ass’n	Regional Science Association International
Institute of Mathematical Statistics	Financial Management Ass’n

Editorial Functions

Editor, special issue of the Journal of Real Estate Finance and Economics on Spatial Statistics and Real Estate, Volume 17, Number 1, 1998.

Editorial Board, Journal of Real Estate Finance and Economics

Forthcoming Manuscripts

Pace, R. Kelley and Ronald Barry, O.W. Gilley, C.F. Sirmans, “A Method for Spatial-temporal Forecasting with an Application to Real Estate Prices,” International Journal of Forecasting.

Clapp, John, Mo Rodriguez, and R. Kelley Pace, “Residential Land Values and the Decentralization of Jobs,” Journal of Real Estate Finance and Economics.

Pace, R. Kelley, Ron Barry, C.F. Sirmans and Carlos Slawson, “Simultaneous Spatial and Functional Form Transformations,” Advances in Spatial Econometrics.

Pace, R. Kelley, C.F. Sirmans, and Carlos Slawson, “Automated Appraisal,” Journal of Real Estate Research.

Pace, R. Kelley, C.F. Sirmans, and Carlos Slawson, “Are Appraisers Statisticians,” Journal of Real Estate Research.

Publications

Pace, R. Kelley, and Dongya Zou, “Closed-Form Maximum Likelihood Estimates of Nearest Neighbor Spatial Dependence,” Geographical Analysis, Volume 32, Number 2, April 2000.

Barry, Ronald, and R. Kelley Pace, “A Monte Carlo Estimator of the Log Determinant of Large Sparse Matrices,” Linear Algebra and its Applications, Volume 289, Number 1-3, 1999, p. 41-54.

Dubin, Robin, R. Kelley Pace, and Thomas Thibodeau, “Spatial Autoregression Techniques for Real Estate Data,” Journal of Real Estate Literature, Volume 7, 1999, p. 79-95.

Goering, G., Michael Pippenger, and R. Kelley Pace, “Factor Market Effects Upon Product Market Equilibria,” Managerial and Decision Economics, Volume 20, Issue 1, 1999, p. 37-43.

Pace, R. Kelley, and Ronald Barry, “Simulating Mixed Regressive Spatially Autoregressive Estimators,” Computational Statistics, Volume 13, Number 3, 1998, p. 397-418.

Pace, R. Kelley, Ronald Barry, John Clapp, and M. Rodriguez, “Spatio-Temporal Estimation of Neighborhood Effects,” Journal of Real Estate Finance and Economics, Volume 17, Number 1, 1998, p. 15-33.

Pace, R. Kelley, Ronald Barry, and C.F. Sirmans, “Spatial Statistics and Real Estate,” Journal of Real Estate Finance and Economics, Volume 17, Number 1, 1998, p. 5-13.

Pace, R. Kelley, and O.W. Gilley, “Generalizing OLS and the Grid Estimator,” Real Estate Economics, Volume 26, Number 2, 1998, p. 331-347.

Harter, C., and R. Kelley Pace, “Potential Consequences of Informal Restrictions,” forthcoming in Advances in Quantitative Analysis of Finance and Accounting, Volume 6, 1998, p. 13-26.

Pace, R. Kelley, “Appraisal Using Generalized Additive Models,” Journal of Real Estate Research, Volume 15, Number 1, 1998, p. 77-100.

Pace, R. Kelley, “Total Grid Estimation,” Journal of Real Estate Research, Volume 15, Number 1, 1998, p. 101-114.

Pace, R. Kelley, and Ronald Barry, “Fast CARs,” Journal of Statistical Computation and Simulation, Volume 59, Number 2, 1997, p. 123-147.

Pace, R. Kelley, “Performing Large-Scale Spatial Autoregressions,” Economics Letters, Volume 54, Number 3, 1997, p. 283-291.

Pace, R. Kelley, and Ronald Barry, “Quick Computation of Regressions with a Spatially Autoregressive Dependent Variable,” Geographical Analysis, Volume 29, Number 3, July 1997, p. 232-247.

Barry, Ronald, and R. Kelley Pace, “Kriging with Large Data Sets Using Sparse Matrix Techniques,” Communications in Statistics: Computation and Simulation, Volume 26, Number 2, 1997, p. 619-629.

Pace, R. Kelley, and O.W. Gilley, “Using the Spatial Configuration of the Data to Improve Estimation,” Journal of the Real Estate Finance and Economics, Volume 14, Number 3, 1997, p. 333-340.

Pace, R. Kelley, and Ronald Barry, “Sparse Spatial Autoregressions,” Statistics and Probability Letters, Volume 33, Number 3, May 5 1997, p. 291-297.

Pace, R. Kelley, and Ronald Barry, “Fast Spatial Estimation,” Applied Economics Letters, Volume 4, 1997, p. 337-341.

Pace, R. Kelley, “Relative Efficiencies of the Grid, OLS, and Nearest Neighbor Estimators,” Journal of Real Estate Finance and Economics, Volume 13, Number 3, November 1996, p. 203-218.

Gilley, O.W., and R. Kelley Pace, “The Harrison and Rubinfeld Data Revisited,” Journal of Environmental and Economic Management, Volume 31, Number 3, November 1996, p. 403-405.

Pace, R. Kelley, “A Simple Exposition of the Markowitz Model,” Journal of Financial Education, Spring 1996, p. 1-6.

Gilley, O.W., and R. Kelley Pace, “Improving Hedonic Estimation with an Inequality Restricted Estimator,” Review of Economics and Statistics, Volume 77, Number 4, November 1995, p. 609-621.

Pace, R. Kelley, “Parametric, Semiparametric, and Nonparametric Estimation of Mass Assessment and Hedonic Pricing Models,” Journal of Real Estate Finance and Economics, Volume 11, Number 3, November 1995, p. 195-217.

Goering, G., and R. Kelley Pace, “Product Durability,” Seoul Journal of Economics, Volume 8, Number 4, Winter 1995, p. 443-455.

Goering, G., and R. Kelley Pace, “Product Durability Choice,” Atlantic Economic Journal, Volume 22, Number 4, December 1994, p. 73.

Gilley, O.W., and R. Kelley Pace, “Using Prior Information to Improve the Estimation Efficiency and Predictive Performance of Mass Appraisal Models,” in Appraisal, Market Analysis, and Public Policy in Real Estate, edited by James DeLisle and J. Sa-Aadu, Kluwer Academic Publishers, New York, 1994, p. 183-202.

Pace, R. Kelley, “Nonparametric Methods with Application to Hedonic Models,” Journal of Real Estate Finance and Economics, Volume 7, Number 3, November 1993, p. 185-204.

Pace, R. Kelley, and O.W. Gilley, “Improving Prediction and Assessing Specification Quality in Non-Linear Statistical Valuation Models,” Journal of Business and Economic Statistics, Volume 11, Number 3, July 1993, p. 301-10.

Gilley, O.W., and R. Kelley Pace, “A Hybrid Cost and Market Based Estimator For Appraisal,” Journal of Real Estate Research, Volume 5, Number 11, Spring 1990, p. 75-88.

Pace, R. Kelley, and O.W. Gilley, “Estimation Employing A Priori Information Within Mass Appraisal and Hedonic Pricing Models,” Journal of Real Estate Finance and Economics, Volume 3, Number 1, February 1990, p. 55-72.

Pace, R. Kelley, and O.W. Gilley, “A Note on Consistent Conjectures: The Leontief Legacy,” Southern Economic Journal, Volume 56, Number 3, January 1990, p. 778-82.

Pace, R. Kelley, and O.W. Gilley, “Appraisal Across Jurisdictions Using Bayesian Estimation With Bootstrapped Priors for Secondary Mortgage Market Applications,” Property Tax Journal, Volume 8, Number 1, March 1989, p. 27-42.

Pace, R. Kelley, and Y.-N. Shieh, “The Moses-Predohl Pull and the Locational Decision of the Firm,” Journal of Regional Science, Volume 28, Number 1, February 1988, p. 121-6.

Pace, R. Kelley, C.T. Cox, and H. Wichmann, “New Tax Law Vesting Standards Increase Pension Costs,” Journal of Pension Planning and Compliance, Volume 14, Number 3, Fall 1988, p. 219-32.

Pace, R. Kelley, C.T. Cox, and H. Wichmann, “The Adverse Tax Consequences of a Real Estate Loan Default,” Real Estate Review, Volume 17, Number 3, Fall 1987, p. 92-5.

Pace, R. Kelley, C.T. Cox, and H. Wichmann, “When is Forgiveness of Debt On Real Property Taxable Income to the Borrower,” The CPA Journal, Volume 57, Number 11, November 1987, p. 74-8.

Pace, R. Kelley, C.T. Cox, and H. Wichmann, “Tax Consequences of Foreclosures,” Alaska Journal of Commerce, Volume 11, Number 13, March, 1987, p. 11.

Pace, R. Kelley, C.T. Cox, and H. Wichmann, “All You Need To Know About Foreclosures,” Alaska Journal of Commerce, Volume 11, Number 12, March, 1987, p. 18.

Manuscripts Under Review

Pace, R. Kelley, and O.W. Gilley, “The Benefits of Employing Spatial Information,” Land Economics, 1999.

Barry, Ronald, and R. Kelley Pace, “Exploiting Sparsity in the Analysis of Spatiotemporal Data Using Generalized Least Squares,” Technometrics, 1996.

Pace, R. Kelley, and O.W. Gilley, “Estimation in the Presence of Spatially Correlated Errors and Variances,” submitted to the Communications in Statistics, 1998.

Industry Publications

Analysis of Baton Rouge Real Estate, Real Estate Research Institute, Fall 1997.

Analysis of Baton Rouge Real Estate, Real Estate Research Institute, Spring 1998.

Analysis of Baton Rouge Real Estate, Real Estate Research Institute, Fall 1998.

Software

Pace, R. Kelley and Ron Barry, Spatial Statistics Toolbox for Matlab 1.1, 1999.

Pace, R. Kelley and Ron Barry, SpaceStatPack 1.1, 1999.

Recent Paper Presentations

Pace, R. Kelley, “Simultaneous Spatial and Functional Form Transformations,” Tulane University Economics Department, February 25^th 2000.

Pace, R. Kelley, “Spatial Statistics Toolbox 1.1,” presented at the AREUEA meeting, New York, January 2000.

Pace, R. Kelley, Carlos Slawson, and C.F. Sirmans, “Spatial Statistical Estimation of Discrimination and Redlining in the Origination of Mortgage Insurance,” presented at the Southern Economics Association meeting, New Orleans, November 1999.

Pace, R. Kelley, Carlos Slawson, and C.F. Sirmans, “Spatial Statistical Estimation of Discrimination and Redlining in the Origination of Mortgage Insurance,” presented at the AREUEA meeting, New York, January 1999.

Pace, R. Kelley, Ron Barry, C.F. Sirmans and Carlos Slawson, “Simultaneous Spatial and Functional Form Transformations,” presented at the International Regional Science Association, Santa Fe, November 1998.

Pace, R. Kelley and Ron Barry, “Spatial Toolbox,” presented at the International Statistical Workshop, New Orleans, July 1998.

Pace, R. Kelley, “Spatial Autoregressions,” invited presentation for Homer Hoyt Institute, May 1998.

Pace, R. Kelley, Ron Barry, C.F. Sirmans and Carlos Slawson, “Spatial-Temporal Estimation of Neighborhood Effects,” presented at the Economics Department, Louisiana State University, October 1997.

Pace, R. Kelley, Ron Barry, C.F. Sirmans and Carlos Slawson, “Space and Splines,” presented at the Statistics Department, Louisiana State University, October 1997.

Pace, R. Kelley and O.W. Gilley, “Spatial Autocorrelation in Means and Variances,” presented at Louisiana State University, January 1997.

Pace, R. Kelley and Ronald Barry, “Spatial Weighting,” presented at the AREUEA meeting, New Orleans, January 1997.

Pace, R. Kelley and Ronald Barry, “Large-Scale Spatial Autoregressions,” presented at the Nantucket Spatial and Longitudinal Statistics Conference, Nantucket, October 1996.

Pace, R. Kelley and Ronald Barry, “Sparse Spatial Statistics,” Alaska Chapter of the American Statistical Association, Anchorage, June 1996.

Pace, R. Kelley, “Spatial Statistics,” presented at the University of Connecticut, June 1996.

Pace, R. Kelley and O.W. Gilley, “Incorporating Spatial Information in Regression,” presented at the American Real Estate Society meeting, Reno, March 1996.

Pace, R. Kelley and O.W. Gilley, “Spatial ARCH,” presented at the University of Connecticut, February 1996.

Pace, R. Kelley and O.W. Gilley, “Embedding Comparable Selection Rules Within a Spatial Autoregressive Context,” presented at the AREUEA meeting, San Francisco, January 1996.

Pace, R. Kelley, “Generalized Additive Models,” presented at the AREUEA Midyear meeting, Washington D.C., May 1995.

Pace, R. Kelley, “Appraisal Using Generalized Additive Models,” presented at the AREUEA meeting, Washington D.C., January 1995.