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production among countries since the value-added created by trade is forecasted based on a sound theory of production. This makes …
Persistent link: https://www.econbiz.de/10009451196
The Hudson-Jorgenson Energy/Economic Model - formally known as the Long Term Interindustry Transactions Model (LITM) - is an econometric model of the structure of the US economy. LITM integrates two separate models into one integrated system. These models are the Macroeconomic Model, a growth...
Persistent link: https://www.econbiz.de/10009435835
stellt Wirtschaft und Politik dabei vor neue Aufgaben. Auch st?dtische Agglomerationen sind als Orte der Konzentration von … Wirtschaft, Bev?lkerung und Funktionen zunehmend diesen global-?konomischen Einfl?ssen ausgesetzt. Der Globalisierungsprozess …
Persistent link: https://www.econbiz.de/10009484944
Aufsatz untersucht, wie sich das Verhalten von Haushalten und Firmen in den USA und EU-15 infolge von Steuerveränderungen … anpasst. Mittels eines neoklassischen Wachstumsmodells zeigt sich, dass die USA und EU-15 auf der linken Seite der Lohn- und … Kapitalsteuer Laffer Kurve liegen. Die EU-15 befindet sich jedoch viel näher an der rutschigen Steigung als die USA. Eine dynamische …
Persistent link: https://www.econbiz.de/10009466995
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