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little effect. Properties with confirmed contamination sell at a 47% discount relative to comparable uncontaminated parcels …
Persistent link: https://www.econbiz.de/10010312446
Policy has increasingly shifted towards economic incentives and liability attenuation for promoting cleanup and redevelopment of contaminated sites, but little is known about the effectiveness of such policies. An example of such legislation is State Voluntary Cleanup Programs (VCPs), which were...
Persistent link: https://www.econbiz.de/10010279396
over fixed size symmetric contamination and infinitesimal asymmetric neighborhoods, respectively. The maximum increase of …, respectively, and less than 1/3 in other typical contamination models. In most of our models, the radius needs to be specified only … estimator is employed. The least favorable radii leading to the radius minimax estimators turn out small: 5% - 6% contamination …
Persistent link: https://www.econbiz.de/10010310359
Different types of taxation include the market value of housing or housing returns in their tax base, making it essential to obtain accurate and up-to-date assessments of property values. However, to value residential property represents a major challenge for tax administrations due to...
Persistent link: https://www.econbiz.de/10015195433
Mobile technology and services have developed dramatically over the past decades, with mobile operators' competing commercial offers providing a wide menu of service packages with varied quality and quantity characteristics. The prices of these commercial offers do not directly reflect the...
Persistent link: https://www.econbiz.de/10013421014
Hedonic house price indices adjust the average sales prices for the change in the quality of the property sold over time. This paper proposes a framework to disentangle the contribution of each individual dwelling characteristic to this quality change. We apply our framework to a unique dataset...
Persistent link: https://www.econbiz.de/10014305305
In order to assess differences in living conditions across German regions we apply the hedonic approach of Rosen (1979) and Roback (1982) to land-price and wage differences across Germany's counties. Employing a recent survey of more than half a million Germans on a wide range of social and...
Persistent link: https://www.econbiz.de/10010312175
Applying the hedonic approach to land prices, this paper investigates the capitalization of public services and pure amenities in a cross section of German communities. Possible spill-over effects from neighboring municipalities are explicitly included in the analysis and prove to be of...
Persistent link: https://www.econbiz.de/10010312200
Price indices for heterogenous goods such as real estate or fine art constitute crucial information for institutional or private investors considering alternative investments in times of financial markets turmoil. Classical mean-variance analysis of alternative investments has been hampered by...
Persistent link: https://www.econbiz.de/10010318789
The prices of wine is a key topic for market participants interested in valuing their stock, including dealers, restaurants or consumers who may be interested in optimizing their purchases. As a closely related issue, re-valuation is the need to regularly update the value of a stock. This need...
Persistent link: https://www.econbiz.de/10010319203