Journal Article
Tough lesson: more money doesn't help schools; accountability does
Hernandez-Murillo, Ruben; Roisman, Deborah (2004-04)
More people are coming around to what economists have long been saying: The answer to failing public schools isn't more money, but more accountability.
The Regional Economist , Issue Apr , Pages 12-13

Working Paper
Patent licensing revisited: heterogeneous firms and product differentiation
Llobet, Gerard; Hernandez-Murillo, Ruben (2004)
In this paper we study the optimal licensing agreement between a patentholder of a cost-reducing innovation and firms that have heterogeneous uses for the new technology. We consider the case in which these firms are competitors in a downstream market. We extend the competition environment among the licensees beyond the Cournot/Bertrand models considered by the previous literature to a framework with differentiated products. We also assume that potential licensees have private information about the usefulness of the new technology. We characterize two purposes the optimal licensing contract ...
Working Papers , Paper 2002-031

Working Paper
Nonlinear hedonics and the search for school district quality
Owyang, Michael T.; Hernandez-Murillo, Ruben; Chiodo, Abbigail J. (2005)
A school?s quality is often inferred from the premium a parent must pay to buy a house associated with a better school. Isolating this effect, however, is difficult because better schools also tend to be located in nicer neighborhoods and, therefore, cost more for reasons other than school quality. Although recent work has been relatively successful in isolating this effect, it is limited to the extent that it assumes a linear effect of schools on housing prices. We examine this relationship and find that the premium for school quality is nonlinear: There is a premium for houses in better ...
Working Papers , Paper 2003-039

Journal Article
Eighth District population growth follows national pattern
Aubuchon, Craig P.; Martinek, Christopher J.; Hernandez-Murillo, Ruben; Bandyopadhyay, Subhayu (2008-07)
The Regional Economist , Issue Jul , Pages 18-19

Journal Article
Employment trends in nearby metro areas take different paths
Hernandez-Murillo, Ruben; Roisman, Deborah (2006-01)
The Regional Economist , Issue Jan , Pages 17

Working Paper
Did affordable housing legislation contribute to the subprime securities boom?
Owyang, Michael T.; Hernandez-Murillo, Ruben; Ghent, Andra C. (2012)
No. In this paper we use a regression discontinuity approach to investigate whether affordable housing policies influenced origination or affected prices of subprime mortgages. We use merged loan-level data on non-prime securitized mortgages with individual- and neighborhood-level data for California and Florida. We find no evidence that lenders increased subprime originations or altered pricing around the discrete eligibility cutoffs for the Government Sponsored Enterprises (GSEs) affordable housing goals or the Community Reinvestment Act. Our results indicate that the extensive purchases of ...
Working Papers , Paper 2012-005

Journal Article
The economics of giving
Hernandez-Murillo, Ruben (2005-10)
National Economic Trends , Issue Oct

Journal Article
Computer use and productivity growth
Hernandez-Murillo, Ruben (2003-12)
National Economic Trends , Issue Dec

Journal Article
Employment growth mixed across Eighth District
Aubuchon, Craig P.; Martinek, Christopher J.; Hernandez-Murillo, Ruben; Bandyopadhyay, Subhayu (2009-01)
The Regional Economist , Issue Jan , Pages 20-21

Journal Article
Immigrants: skills, occupations and locations
Martinek, Christopher J.; Hernandez-Murillo, Ruben (2011-10)
The Regional Economist , Issue Oct , Pages 18-19