We study the impact of commercial property taxation on vacancy rates and rents in the UK, using a new data-set, and …

We show how normative standpoints determine optimal taxation of wealth. Since wealth is not equal to capital, we find … very different welfare implications of land rent-, bequest- and capital taxation. It is mainly land rents that should be … disapproves of bequeathing, bequest taxation becomes slightly more desirable. …

We analyze the welfare implications of property taxation. Using a sufficient statistics approach, we show that the tax …

We develop a model of property taxation and characterize equilibria under three alternative taxation regimes often used … in the public finance literature: decentralized taxation, centralized taxation, and "rent seeking" regimes. We show that … decentralized taxation results in inefficiently high tax rates, whereas centralized taxation yields a common optimal tax rate, and …

test if some theoretically derived predictions of yardstick competition theory are supported by data, estimating to this … agreement with yardstick theory. On the other hand, the results of the estimation of the popularity equation are less supportive … of the theory, possibly as a result of the difficulty in controlling for public service quality and the simultaneous …