increase property values, due to the scarcity effects it provokes (restricting the supply of land) as well as its amenity … effects (the capitalisation of land use externalities in housing pricing).\r\nThe present article studies the impact on … housing prices of zoning materialising through Land Use Plans (LUP) is corroborated. Protected natural zones tend to raise …

before high precision signals. We analyze how this feature affects asset price informativeness when investors can acquire … signals of increasing precision over time about the payoff of an asset. As the cost of low precision signals declines, prices …