LETTEL INSTITUTE
Open Valuation & Spatial Economics // Upper Midwest
Foundational Research Agenda

Eliminating transaction friction and deadweight loss in physical property markets.

The Lettel Open Valuation Initiative investigates market-design mechanisms that replace lumpy, debt-encumbered asset transfers with continuous price discovery, aligned stewardship reserves, and transparent municipal fiscal rails.

Forthcoming Working Papers & Empirical Models
SERIES WP-01
In Preparation

Coasean Bargaining and the High Cost of Illiquidity in Residential Tenure

An empirical decomposition of intermediary transaction tolls, search delays, and leverage-induced cyclicality across single-family and workforce multi-family housing corridors.

SERIES WP-02
In Preparation

Continuous Clearing Data and Municipal Land Value Assessment

Evaluating how real-time fractional pricing indices reduce assessment regressivity and provide county treasurers with transparent infrastructure for modernized property and land-value taxation.

SERIES WP-03
In Preparation

Incentive-Compatible Maintenance Sinking Funds in Granular Co-Ownership

Game-theoretic modeling of non-voting defensive capital reserves versus supermajority value-add share issuances in multi-holder real assets.

Municipal & Academic Correspondence

For working paper pre-prints, county assessment data partnerships, or research inquiries.

research@lettel.org