We estimate the effect of electorally induced policy uncertainty on investment in the manufacturing sector. Because …, and because the policies relevant to business investment vary systematically by party, uncertainty over the partisan … affiliation of the future governor is a source of political risk to firms considering business investment. More importantly, the …

land price effects of the opening of the first German electrified metro rail line in Berlin in 1902. Examining a long … land prices (house prices) by 21% (5%), while a 10 db increase in noise depreciates land prices (house prices) by 5% (1 …

changes to regulation. Using shifting land use regulation boundaries and oil lease prices from Canada, we estimate the effect … of anticipated regulatory change on the value of land. We find that anticipated rezoning decreases the price of … regulation is capitalized into land values. …

are mobile, a tax on them induces little migration because the tax will reduce the rents on land inhabited by the rich. A …

economies stayed constant in real terms from the 19th to the mid-20th century, but rose sharply in recent decades. Land prices …, not construction costs, hold the key to understanding the trajectory of house prices in the long-run. Residential land … World War II dramatic reductions in transport costs expanded the supply of land and suppressed land prices. Since the mid-20 …

houses requires land as an essential input, whereas replacement investment does not; (3) land employed for real estate … wealth. To capture the importance of land as an input factor for housing production and for the evolution of wealth in a … growing economy, the analysis builds on three premises: (1) the overall land endowment is fixed; (2) the production of new …

We show that the optimal property tax rate rises with the ratio of land rents to structure and land development costs …

market outcome to city size, land-use regulations, and commuting costs. For industries with low input shares of land, larger … cities host more firms setting lower prices whereas for sectors with intermediate land shares larger cities accommodate more … firms charging higher prices. Softer land-use regulations and/or lower commuting costs reinforce pro-competitive effects …