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This paper provides new empirical results regarding the demand and supply of title, its impact on land value, and its effects on agricultural investment on Brazilian frontiers. We use survey data from 1992 and 1993 from the state of Par with data on the characteristics of the settlers, land...
Persistent link: https://www.econbiz.de/10013234043
Folklore is the collection of traditional beliefs, customs, and stories of a community, passed through the generations by word of mouth. This vast expressive body, studied by the corresponding discipline of folklore, has evaded the attention of economists. In this study we do four things that...
Persistent link: https://www.econbiz.de/10012895015
During Britain's industrialization, Parliament operated a forum where rights to land and resources could be reorganized. This venue enabled landholders and communities to exploit economic opportunities that could not be accommodated by the inflexible rights regime inherited from the past. In...
Persistent link: https://www.econbiz.de/10013148383
We provide the first multi-city, constant quality land price index for 35 major markets in China. While there is … correlated with land supply volume.We also investigate the quality of the two most prominent house price indexes in China, and … markets in China. Repeat sales indexes have become standard in many countries, but they are not as useful in emerging markets …
Persistent link: https://www.econbiz.de/10013100362
Property rights are the most fundamental institution in any society. They determine who has decision-making authority over assets and who bears the costs and benefits of those decisions. They assign ownership, wealth, political influence, and social standing. They make markets possible; define...
Persistent link: https://www.econbiz.de/10012920373
It is often argued that low tax rates on owner-occupied housing divert investment from equipment. This paper demonstrates that if people are heterogeneous in their propensity to save, and if there are constraints on borrowing, favorable tax treatment of owner-occupied housing up to a certain...
Persistent link: https://www.econbiz.de/10012774932
within the household. The question is analyzed in the context of a housing reform that occurred in China that gave existing …
Persistent link: https://www.econbiz.de/10013076182
We study favoritism via hometown ties, a common source of favor exchange in China, in fellow selection of the Chinese …
Persistent link: https://www.econbiz.de/10012963711
This paper considers a modification of the standard Susceptible-Infected-Recovered (SIR) model of epidemic that allows for different degrees of compulsory as well as voluntary social distancing. It is shown that the fraction of population that self-isolates varies with the perceived probability...
Persistent link: https://www.econbiz.de/10012835759
from China. We find strong evidence that peer effects exist and operate in a positive and nonlinear manner; reducing the …
Persistent link: https://www.econbiz.de/10012761329