Affiliation: | 1. McCoy Endowed Chair of Urban and Regional Economics, Texas State University, San Marcos, Department of Finance and Economics, San Marcos, TX 78666. E‐mail: jlesage@spatial‐econometrics.com;2. LREC Endowed Chair of Real Estate, Department of Finance, E.J. Ourso College of Business Administration, Louisiana State University, Baton Rouge, LA 70803‐6308. E‐mail: kelley@pace.am |