larger net debts exhibit, ceteris paribus, lower property prices. We provide empirical evidence for debt capitalization using …

list of variables that may be included in any estimation for capitalization of community speci?c characteristics in the …

developers can supply new houses and capitalization may disappear. We provide a theoretical model in which income taxes and … model, we estimate the impact of available land for construction on capitalization rates with a panel of Swiss communities … land availability. Thus, land availability is not sufficient for capitalization to disappear. …