We analyze sales of tax delinquent properties offered at a single property tax auction. Data on 1,073 parcels offered at the 1987 tax sale in Indianapolis are used. The two-stage Heckman selectivity model is used for the estimation. The results indicate that more valuable, developed, residential...

Business incubators are one option communities have to support business survival and growth. Incubators are locally based institutions that provide shared physical space and business support services to new and young firms. Most incubator evaluations have not measured total employment and income...

Survey responses from 110 branch plant start-ups in South Carolina and Georgia were examined to determine ratings and characteristics of counties selected for the plant location. Findings indicate that survey responses and community characteristics were correlated only for easily observed...

Purpose: The purpose of this paper is to determine the stochastic net present value (NPV) of a model smallholder poultry operation in Rwanda under production and market uncertainty. Design/methodology/approach: A discounted cash flow calculator was used to determine the NPV of operator...