The town of Wolfville, Nova Scotia is a small historic community, economically dominated by Acadia University. It is located on the north slope of a ridge, affording views of the Minas Basin, at the eastern end of the Bay of Fundy. The upper boundary of the town is a major provincial highway. A...

A model of the term structure of lease rates in a frictionless economy is developed and its predictions are compared with data on residential leases in Japan. The model shows that the initial lease rate for a cancellable lease must be set higher than that for a non-cancellable lease because the...

The residential property industry, which had grown rapidly in the 1980s, however, encountered overhang problems recently. Overhang of residential units has been getting worse and therefore, precautionary measures must be taken by the housing developers before it leads to a property glut. In...

In this paper, we build the rationale of the financial intermediate's decision of making loans to potential home buyers over an infinite time horizon. In the first period "good" borrowers with stable future income flows receive loans and buy homes. In later periods, the intermediate securitizes...

Entry for the Concise Encyclopedia of Economics on Housing covering housing markets and zoning regulations.

We use new data from a rental brokers' multiple listings service to examine the contractual agreements between landlords and brokers. The data display two sources of variation in the way in which agents are compensated: 1) 69 percent of listings involve exclusive relationships between landlords...

This paper examines real estate pricing featuring the price response curve, both theoretically and empirically. The Bertrand model with differentiated products suggests that the price response of real estate may differ when properties in the vicinity are priced by an affiliated firm or one's own...

Land governance can be briefly described as how property rights to land, for groups or individuals, are defined, enforced, can be exchanged, and transformed. Land governance is argued to be a key to sustainable development and poverty reduction. In India, as well as in Bihar, land has enormous...

The presentation structured in two parts aims to reveal a short diagnosis of the Romanian rural planning system. The first part is centred upon general aspects regarding features of the rural settlements system, according with national and regional peculiarities. A short view is given to a...

The quintessence of the Isobenefit Urbanism presented here, is to offer fair, walkable and green cities. Its three cornerstones are Modernity, Humanity and Naturality, which are exposed by five principles. The latter, rather then describe The ideal city, which doesn’t exist outside our own...