ARTHUR O’SULLIVAN
  is a professor of economics at Lewis and Clark College in Portland, Oregon. After receiving his B.S.
 in economics at the University of Oregon, he spent two years in the Peace Corps, working with city
 planners in the Philippines. He received his Ph.D. in economics from Princeton University in 1981
 and has taught at the University of California, Davis, and Oregon State University, winning teaching
 awards at both schools. He is the author of the best-selling textbook Urban Economics, currently in its
 seventh edition.
 Professor O’Sullivan’s research explores economic issues concerning urban land use, environmental
 protection, and public policy. His articles have appeared in many economics journals, including the
  Journal of Urban Economics, Journal of Environmental Economics and Management, National Tax Journal,
  Journal of Public Economics, and Journal of Law and Economics.
 Professor O’Sullivan lives with his family in Portland, Oregon. For recreation, he enjoys hiking,
 kiteboarding, and squash.
  
  STEVEN M. SHEFFRIN
  is professor of economics and executive director of the Murphy Institute at Tulane University. Prior to
 joining Tulane in 2010, he was a faculty member at the University of California, Davis, and served as
 department chairman of economics and dean of social sciences. He has been a visiting professor at
 Princeton University, Oxford University, London School of Economics, and Nanyang Technological
 University, and he has served as a financial economist with the Office of Tax Analysis of the United
 States Department of the Treasury. He received his B.A. from Wesleyan University and his Ph.D. in
 economics from the Massachusetts Institute of Technology.
 Professor Sheffrin is the author of 10 other books and monographs and over 100 articles in the
 fields of macroeconomics, public finance, and international economics. His most recent books
 include Rational Expectations (second edition) and Property Taxes and Tax Revolts: The Legacy of
 Proposition 13 (with Arthur O’Sullivan and Terri Sexton).
 Professor Sheffrin has taught macroeconomics and public finance at all levels, from general introduction
 to principles classes (enrollments of 400) to graduate classes for doctoral students. He is the
 recipient of the Thomas Mayer