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This paper exploits the homogeneity feature of the Singapore private residential condominium market and constructs matched home purchase price and rental price series using the repeated sales method. These matched series allow us to conduct time series analysis to examine the long-term present...
Persistent link: https://www.econbiz.de/10011350189
This paper analyzes fiscal competition among numerous spatially- separated jurisdictions in an explicitly dynamic framework. The degree of factor mobility between jurisdictions is imperfect because it is costly and time-consuming to adjust factor stocks. Even if it is harmful in the long run, a...
Persistent link: https://www.econbiz.de/10009781651
The objective of this paper is to show how the same market failures that contribute to urban sprawl also contribute to urban blight. The paper develops a simple dynamic model in which new suburban and older central-city properties compete for mobile residents. The level of housing services...
Persistent link: https://www.econbiz.de/10003887324
level of government. The next section discusses the empirical results that have been found in the literature. A third …
Persistent link: https://www.econbiz.de/10009724002
We use a quantitative spatial equilibrium model to evaluate the distributional and welfare impacts of a recent temporary rent control policy in Berlin, Germany. We calibrate the model to key features of Berlin’s housing market, in particular the recent gentrification of inner city locations....
Persistent link: https://www.econbiz.de/10012696919
public sector organization at all levels of government, from the purely local to the global. …
Persistent link: https://www.econbiz.de/10012489638
In recent years the land-rent gradient for the city of London has flattened by 17 percentage points. Further, teleworking has increased 24 percentage point for skilled workers, but much less for unskilled workers. To rationalize these stylized facts, we propose a model of the monocentric city...
Persistent link: https://www.econbiz.de/10013380462
Under the common-law system of coverture in the United States, a married woman relinquished control of property and … market earnings and to own separate property. The former were called married women's earnings acts (MWEAs) and the latter … married women's property acts (MWPAs). Scholarly interest in the acts' effects is growing. Researchers have examined how the …
Persistent link: https://www.econbiz.de/10011653755
"Prices versus quantities" (Weitzman 1974), a hugely influential paper, is widely cited (and taught) in current debates about the best policy to reduce greenhouse gas emissions. The paper's criterion for ranking policies suggests that technological uncertainty favors taxes over cap and trade....
Persistent link: https://www.econbiz.de/10011927948
The formation and expansion of the European Union (EU) have attracted much attention. However, the impact on the level of corruption in a nation after joining the Union has not been formally studied. Any nation that joins the European Union potentially faces two different and opposite effects on...
Persistent link: https://www.econbiz.de/10012199848