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We characterize Contractual Saving for Housing (CSH), a widespread and important product of household housing finance … to households' incomes. Hence, savings-linked relationship lending can in particular support housing purchases of low …
Persistent link: https://www.econbiz.de/10012903158
Increasing returns are inherent in information: the number of possible facts that can be organized is an exponential function of the number of times the information is sorted. Just as factories should run at a large scale in the face of increasing returns, information should be sorted into a...
Persistent link: https://www.econbiz.de/10012850551
Studying a one-sector economy populated by finitely many heterogeneous households that are subject to no-borrowing constraints, we confirm a conjecture by Frank P. Ramsey according to which, in the long run, society would be divided into the set of patient households who own the entire capital...
Persistent link: https://www.econbiz.de/10011043009
The Economic Council’s Road Map for Tax Reform laid the groundwork for a greater discussion of the consumption tax principle as a basis for taxation in Canada. In his paper, Jack M. Mintz continues this discussion by setting out the case for and against a consumption tax. He argues that the...
Persistent link: https://www.econbiz.de/10005518921
Persistent link: https://www.econbiz.de/10008823809
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Housing forms an important sector of the national economy and the largest component of household net wealth in most … countries. In this study, Data Envelopment Analysis (DEA) is used to evaluate housing industry performance in different states … of Iran based on relevant data collected from the Ministry of Housing and Urban Development and Statistical Centres of …
Persistent link: https://www.econbiz.de/10010839212
This paper presents an integrated economic model which is able to explicitly address both water quantity and quality. We use a welfare program to maximize social welfare subject to the economic and ecological constraints, where interactions, emissions and environmental impacts are incorporated....
Persistent link: https://www.econbiz.de/10010794511
is evidence that the market for energy efficiency in the German rental housing market is inefficient, resulting in …
Persistent link: https://www.econbiz.de/10014416043
The objective of this paper is to understand and test empirically the relationship between group size and informal risk sharing. Models of informal risk sharing with limited commitment and grim-trigger punishments upon deviation imply that larger groups provide better informal insurance....
Persistent link: https://www.econbiz.de/10011446982