Charles Nathanson
Charles Nathanson

FINANCE
Donald P. Jacobs Scholar
Assistant Professor of Finance

Print Overview
Charles Nathanson is an Assistant Professor of Finance at the Kellogg School of Management at Northwestern University. He studies asset pricing, with a particular emphasis on the real estate market. His recent work has focused on the interplay between land and housing markets, and how speculation in land markets amplifies cycles in house prices.

Professor Nathanson received his Ph.D. in Economics in 2014 from Harvard University. Prior to graduate study, he worked at the National Economic Council and at Jane Street Capital.

Areas of Expertise
Asset Pricing (Equity Markets/Stock Market, Investments and Portfolio Choice)
Behavioral Finance
Public Finance
Real Estate
Print Vita
Education
Ph.D., 2014, Economics, Harvard University
A.M., 2011, Economics, Harvard University
A.B., 2009, Mathematics, Harvard University, magna cum laude

Academic Positions
Assistant Professor of Finance, Finance, Kellogg School of Management, Northwestern University

Grants and Awards
Bradley Fellowship, 2012-2014
Price Theory Scholar, Becker-Friedman Institute at the University of Chicago, 2011
Alfred P. Sloan Foundation Research Grant, 2010
Graduate Fellow, Federal Reserve Bank of Boston, 2010-2011
NSF Graduate Research Fellowship, 2010-2013

Conference Presentations
Berkeley/UCLA/Columbia/Cornell/NUS/Texas/Wharton Summer Real Estate Symposium, NBER Summer Institute (Asset Pricing), USC Marshall, Northwestern Kellogg, University of Texas McCombs, Federal Reserve Bank of Cleveland, University of Chicago Booth, LSE Finance, LSE Economic Geography, 2014, 1/01/2014

 
Print Research
Research Interests

Asset Pricing, Behavioral Finance, Public Finance, and Real Estate



Articles
Nathanson, Charles G., Edward L. Glaeser, Joseph Gyourko and Eduardo Morales. 2014. Housing Dynamics: An Urban Approach. Journal of Urban Economics. 81: 45-56.
Nathanson, Charles G., Corina E. Tarnita and Martin A. Nowak. 2009. Calculating Evolutionary Dynamics in Structured Populations. PLoS Computational Biology. 5(12)
Working Papers
Nathanson, Charles G. and Eric Zwick. Arrested Development: Theory and Evidence of Supply-Side Speculation in the Housing Market.
Nathanson, Charles G., Benjamin B. Lockwood and E. Glen Weyl. Taxation and the Allocation of Talent.

 
Print Teaching
Teaching Interests
Behavioral Finance, Real Estate
Full-Time / Part-Time MBA
Real Estate Finance and Investments (FINC-454-0)

This course counts toward the following majors: Real Estate, Finance

This course is an introduction to the most fundamental concepts, principles, analytical methods and tools useful for making investment and finance decisions regarding commercial real estate assets. We begin the course by considering investment in fully operational income properties. Later, the course takes a close look at real estate capital structure and operating companies. The course concludes with an examination of commercial real estate financing, with an emphasis on public and private mortgage markets. We will study commercial real estate using the tools and framework of modern corporate finance and investments, while focusing on the institutional features unique to the real estate industry. The course provides the intuitive and analytical underpinnings of property valuation, deal structuring, and debt pricing. As such, it is useful for students with industry experience as well as students without a real estate background who may be interested in learning more about real estate as an asset class or those who are contemplating making future real estate investments, both personally and professionally.