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Do land markets anticipate regulatory change? : evidence from Canadian conservation policy
Bošković, Branko; Nøstbakken, Linda - 2016
Regulation often evolves, and affected consumers or firms may adjust their behavior in anticipation of potential … changes to regulation. Using shifting land use regulation boundaries and oil lease prices from Canada, we estimate the effect … unregulated leases. Based on our estimates, not accounting for anticipation underestimates the total cost of the regulation by …
Persistent link: https://www.econbiz.de/10011489414
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Disclosure deregulation of quarterly reporting
Behrmann, Vanessa; Hornuf, Lars; Zimmermann, Jochen - 2021 - This version: October 5, 2021
In this article, we investigate the deregulation efforts resulting from the 2015 transposition of the EU’s Transparency Directive into German law and analyze whether a reduction in the minimum content requirements for quarterly reporting increases information asymmetries and decreases firm...
Persistent link: https://www.econbiz.de/10012643524
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Spin doctors : a model and an experimental investigation of vague disclosure
Deversi, Marvin; Ispano, Alessandro; Schwardmann, Peter - 2018
Unfavorable news are often delivered under the disguise of vagueness. But are people sufficiently naive to be fooled by such positive spin? We use a theoretical model and a laboratory experiment to study the strategic use of vagueness in a voluntary disclosure game. Consider a sender who aims at...
Persistent link: https://www.econbiz.de/10011903726
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Economic land use, ecosystem services and microfounded species dynamics
Eichner, Thomas; Pethig, Rüdiger - 2004
In an integrated economy-ecosystem model humans choose their land use and leave the residual land as habitat for three species forming a food chain. The size of habitat determines the diversity and abundance of species. That biodiversity generates, in turn, a flow of ecosystem services with...
Persistent link: https://www.econbiz.de/10011450672
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The rise (and fall) of tech clusters
Kichko, Sergey; Liang, Wen-Jung; Mai, Zhaocheng; … - 2020
Tech clusters play a growing role in knowledge-based economies by accommodating high-tech firms and providing an environment that fosters location-dependent knowledge spillovers and promote R&D investments by .rms. Yet, not much is known about the economic conditions under which such entities...
Persistent link: https://www.econbiz.de/10012271746
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Tax streams, land rents and urban land allocation
Tang, Yugang; Su, Zhihao; Hou, Yilin; Yin, Zhendong - 2023 - This version: November, 2023
This paper examines the fiscal motives behind municipal governments' decisions to allocate commercial and residential land when two categories of land use are subject to different fiscal revenue alternatives: business-related tax and/or land rent. We use urban parcel-level land transfers during...
Persistent link: https://www.econbiz.de/10014443826
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Pricing the ecosystem and taxing ecosystem services : a general equilibrium approach
Eichner, Thomas (contributor); Pethig, Ruediger (contributor) - 2007
Persistent link: https://www.econbiz.de/10003497662
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A flexible test for present bias and time preferences using land-lease contracts
Gautier, Pieter; Vuuren, Aico van - 2011
When agents have present bias, they discount more between now and the next period than between period t ( 1) and t + 1. How fast the future discount rate (evaluated today) decays is an empirical question. We show that the discount function can be non-parametrically identified with contracts that...
Persistent link: https://www.econbiz.de/10009266765
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Do political parties matter for local land use policies?
Solé-Ollé, Albert; Viladecans Marsal, Elisabet - 2013
Despite interest in the impact of land use regulations on housing construction and housing prices, little is known about the drivers of these policies. The conventional wisdom holds that homeowners have an influence on restrictive local zoning. In this paper, we contend that the party...
Persistent link: https://www.econbiz.de/10009754518
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Migration, capital formation, and house prices
Grossmann, Volker; Schäfer, Andreas; Steger, Thomas M. - 2013
We investigate the effects of interregional labor market integration in a two-sector, overlapping-generations model with land-intensive production in the non-tradable goods sector (housing). To capture the response to migration on housing supply, capital formation is endogenous, assuming that...
Persistent link: https://www.econbiz.de/10009722001