This paper analyses the consequences of an unusual type of land redistribution; we take land from the very rich, as usual, but give it to the rich instead of the poor. We show that such "moderate" reform reduces agency costs and thereby increases productivity, total surplus in the economy, and...

Zimbabwe is a small developing country that has been independent for 17 years. In its short post‐colonial history it has been attempting to grapple with lessening the imbalances on resource distribution, like land, water and other natural resources, from its colonial path. The path towards...

One of the major impediments to urban renewal in Hong Kong is the acquisition of land from different owners in order to form adequate parcels for development. Compulsory purchase powers are not available to the private sector as only public authorities can properly exercise powers over...

Describes the historical background to urban land policy in China. Since 1979, policies of economic reform have been instituted. In the new “socialist market economy”, incentive‐based competition between enterprises has arisen and managers and workers now have interest and returns more...

Purpose – The purpose of this paper is to examine the sources of direct real estate portfolio returns and their relative performance against Investment Property Databank (IPD) benchmark returns. Active property management consists of the concepts of property transaction execution and...

Accession of Bulgaria to the European Union is expected to result in increases in the prices of all types of real estate, these changes are expected to differ across the segments of the national real estate market. Real estate prices have been influenced primarily by local demand, government...

Abstract Der Artikel untersucht die Auswirkungen von Privatisierungsprozessen auf UNISON, eine Dienstleistungsgewerkschaft, die nach den Gewerkschaftszusammenschlüssen der 1990er Jahre Großbritanniens größte Gewerkschaft ist. Er leistet einen Beitrag zu der Diskussion um die Wirkung von...