Showing 1 - 10 of 168
What are the conclusions that we have to draw from the foregoing discussion? We must conclude that the prevailing practice of evaluating benefits and costs in terms of present costs and prices is not only likely to lead to an under-statement of actual costs, but also may lead to gross...
Persistent link: https://www.econbiz.de/10009477009
This study investigates why externally advised real estate investment trusts (REITs) underperform their internally managed counterparts. Consistent with previous studies, we find that REITs managed by external advisors underperform internally managed ones by over 7 percent per year....
Persistent link: https://www.econbiz.de/10009477257
In this article we test the urban asset pricing model of Capozza and Sick (1988) and focus on the empirical dimensions of the effects of risk on urban land prices. The effects of systematic and unsystematic risk are distinguished in the model which incorporates the value of the option to convert...
Persistent link: https://www.econbiz.de/10009477258
By using a broker, the owner of a house can speed up his search for buyers but must pay a percentage of the sale price as a commission. Nonstationarities inherent in the housing market may make it optimal to market a house “by-owner” at the outset and to retain a broker only if the house...
Persistent link: https://www.econbiz.de/10009477288
Long-term leases on property are popular in many jurisdictions, both with private vendors and with local governments who want to retain future control over land use. A puzzling issue for vendors and purchasers has been how to value these leased properties relative to fee-simple properties....
Persistent link: https://www.econbiz.de/10009477289
Transportation and land use research of the past decade has focused in large part on the question of whether manipulating land uses in the direction of “smart growth” alternatives can reduce vehicle miles traveled (VMT) or otherwise improve travel behavior. Yet the notion of...
Persistent link: https://www.econbiz.de/10009477565
U.S.and Germany. The benchmark for assessing the empirical analyses theoretically is the general equilibrium framework … reality of labour market rationing and itsdistributional implications both in the U.S. and Germany. … U.S.and Germany. The benchmark for assessing the empirical analyses theoretically is the general equilibrium framework …
Persistent link: https://www.econbiz.de/10009471731
in the social science research and, on the other hand, in the mass media. Governments all over the world extol its …, including Germany, in the last decade of the twentieth century, has also led to an increase in the immigrant entrepreneurship …. More precisely, the self-employment structure of immigrants to Germany changed tremendously since the 1970s. For instance …
Persistent link: https://www.econbiz.de/10009475322
Deutschland hat eine weit zurückreichende Tradition als Einwanderungsland. Im internationalenVergleich gehört die … Bundesrepublik Deutschland mittlerweile zu den größten Einwanderungsländern.Deutschland betreibt jedoch … Deutschland von der Einwanderungs- und Integrationspolitik des größtenklassischen Einwanderungslandes, der USA, etwas lernen …
Persistent link: https://www.econbiz.de/10009476267
Situation auf dem formellen Beteiligungsmarkt in Deutschland nach dem Ausbruch der Finanzkrise. Neben den allgemeinen …
Persistent link: https://www.econbiz.de/10009449026