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regulatory mechanisms in the housing market (building height restrictions, zoning and property taxation). The Pigouvian toll is … suggested by a model that disregards zoning. In general, this implies that decision making on urban road pricing can ignore …
Persistent link: https://www.econbiz.de/10010464784
In this paper, I develop an overlapping generations model to analyze the effects of property transfer taxes on homeownership, residential mobility, and welfare in the Netherlands. A revenue-neutral abolition of the 2% transfer tax increases the likelihood that homeowners sell their old house and...
Persistent link: https://www.econbiz.de/10013332732
Biases theory of Kahneman and Tversky. It is proposed that Gigerenzer's work can be both thematically and chronologically …. Behind the debate, it is argued, lies a fundamental different idea of how human decision-making is to be understood and …
Persistent link: https://www.econbiz.de/10011348361
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works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …
Persistent link: https://www.econbiz.de/10011283474
There is an increasing demand for transport decisions to be made in thelight of some form of what may generically be called cost benefit analysis(CBA). The actual techniques may vary and often deviate quite significantlyfrom the conventional economic concept of CBA but in all cases theprocedures...
Persistent link: https://www.econbiz.de/10011284076
performance, together influence the decision to hold on to or to capitulate on an investment. We study the relative contribution … decision to capitulate an investment, however, only depends directly on the expectation about the stock’s future performance …. The adaptation level, by contrast, affects the actual investment decision indirectly via its impact on expectations. …
Persistent link: https://www.econbiz.de/10011377365
effects of implemented policies. I derive the optimal policy maker's decision on continuation of a policy, assuming that …
Persistent link: https://www.econbiz.de/10011301144