Similar Search Results

Competition and incentives with motivated agents

Besley, Timothy; Ghatak, Maitreesh - London School of Economics (LSE) - 2003

A unifying theme in the literature on organizations such as public bureaucracies and private non-profits is the importance of missions, as opposed to profit, as an organizational goal. Such mission-oriented organizations are frequently staffed by motivated agents who subscribe to the mission....

Persistent link: https://www.econbiz.de/10010745867

The mortgage interest deduction and its impact on homeownership decisions

Hilber, Christian A. L.; Turner, Tracy M. - London School of Economics (LSE) - 2010

This paper examines the impact of the combined U.S. state and federal mortgage interest deduction (MID) on homeownership attainment, using data from 1984 to 2007 and exploiting variation in the subsidy across states, over time and due to inter-state moves. We test whether capitalization of the...

Persistent link: https://www.econbiz.de/10010884709

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 … migration and is hindered by strict local land use control. Our findings imply that tight regulation may hamper metro area level …

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

On the origins of land use regulations: theory and evidence from US metro areas

Hilber, Christian A. L.; Robert-Nicoud, Frédéric - London School of Economics (LSE) - 2009

We model residential land use constraints as the outcome of a political economy game between owners of developed and … owners of undeveloped land. Land use constraints benefit the former group (via increasing property prices) but hurt the …

Persistent link: https://www.econbiz.de/10010744861

Owners of developed land versus owners of undeveloped land: why land use is more constrained in the Bay Area than in Pittsburgh

Hilber, Christian A. L.; Robert-Nicoud, Frédéric - London School of Economics (LSE) - 2006

We model residential land use constraints as the outcome of a political economy game between owners of developed and … owners of undeveloped land. Land use constraints are interpreted as shadow taxes that increase the land rent of already …, land use, and historical Census data to metropolitan area level survey data on regulatory restrictiveness. Following the …

Persistent link: https://www.econbiz.de/10010744876

No escape? The co-ordination problem in heritage preservation

Ahlfeldt, Gabriel M.; Holman, Nancy - London School of Economics (LSE) - 2013

Conservation areas (CAs) are among the most restrictive English planning policies. Designation implies a significant limitation of owners’ control over the shape and appearance of their properties. The policy, however, can also be argued to solve a sort of ‘prisoners’ dilemma’, in which...

Persistent link: https://www.econbiz.de/10010745091

Homeownership and land use controls: a dynamic model with voting and lobbying

Hilber, Christian A. L.; Robert-Nicoud, Frédéric - London School of Economics (LSE) - 2007

Homeowners have incentives to control and limit local land development and anecdotic evidence suggests that ‘homevoters … corresponding measures of the restrictiveness of land use regulation. To shed light on these seemingly contradictory stylized facts …

Persistent link: https://www.econbiz.de/10010745559

Office space supply restrictions in Britain: the political economy of market revenge

Cheshire, Paul; Hilber, Christian A.L. - London School of Economics (LSE) - 2008

Office space in Britain is the most expensive in the world and regulatory constraints are the obvious explanation. We estimate the ‘regulatory tax’ for 14 British office locations from 1961 to 2005. These are orders of magnitude greater than estimates for Manhattan condominiums or office...

Persistent link: https://www.econbiz.de/10010745655

Office space supply restrictions in Britain: the political economy of market revenge

Cheshire, Paul; Hilber, Christian A.L. - London School of Economics (LSE) - 2007

Persistent link: https://www.econbiz.de/10010745742

'Iconic design' as deadweight loss: rent acquisition by design in the constrained London office market

Cheshire, Paul; Dericks, Gerard - London School of Economics (LSE) - 2014

Britain’s land use regulation (planning) system imposes very tight restrictions on the supply of office space so …

Persistent link: https://www.econbiz.de/10011125889