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Local economic conditions and the nature of new housing supply

Hilber, Christian A. L.; Rouwendal, Jan; Vermeulen, Wouter - London School of Economics (LSE) - 2014

We present a modified open monocentric city model that assumes that land is available for conversion into new housing … throughout the city. The model predicts that positive local income shocks (i) increase the city’s share of multi-family housing … Housing Survey from 1984 to 2004 and find support for both predictions. We confirm that the adjustment process is driven by …

Persistent link: https://www.econbiz.de/10011277213

Capitalization of central government grants into local house prices: panel data evidence from England

Hilber, Christian A. L.; Lyytikainen, Teemu; Vermeulen, … - London School of Economics (LSE) - 2010

We explore the impact of central government grants on local house prices in England using a panel data set of local authorities (LAs) from 2001 to 2008. Electoral targeting of grants to LAs by the incumbent national government provides an exogenous source of variation in grants that we exploit...

Persistent link: https://www.econbiz.de/10010745191

External benefits of brownfield redevelopment: an applied urban general equilbirum analysis

Vermeer, Niels; Vermeulen, Wouter - London School of Economics (LSE) - 2012

equilibrium framework. Preferences are modelled such that demand for housing units in the city is downward sloping, which yields a … redeveloped land that accrues to its owner. However, depending on the price elasticity of urban housing demand and the strength of …

Persistent link: https://www.econbiz.de/10011126586

Keeping it simple: financial literacy and rules of thumb

Drexler, Alejandro; Fischer, Gregory; Schoar, Antoinette - London School of Economics (LSE) - 2010

Individuals and business owners engage in an increasingly complex array of financial decisions that are critical for their success and well-being. Yet a growing literature documents that in both developed and developing countries, a large fraction of the population is unprepared to make these...

Persistent link: https://www.econbiz.de/10010884647

Access to finance: a functional approach to supply and demand

Fischer, Gregory - London School of Economics (LSE) - 2011

This paper provides a comprehensive description of the financial environment for households and small businesses in a defined geographical region. It develops a new, functional approach to financial access surveys, which involves asking detailed questions about how respondents meet their...

Persistent link: https://www.econbiz.de/10011071530

Looking ahead: subjective time perception and individual discounting

Bradford, W. David; Dolan, Paul; Galizzi, Matteo M. - London School of Economics (LSE) - 2014

Time discounting is at the heart of economic decision-making. We disentangle hyperbolic discounting from subjective time perception using experimental data from incentive-compatible tests to measure time preferences, and a set of experimental tasks to measure time perception. The two behavioural...

Persistent link: https://www.econbiz.de/10011126346