Property taxes and zoning restrictions are prevalent tools for managing urban land use. In this paper, we combine micro-level data on residential subdivision development from a three-county region in the Baltimore, Maryland metro from 1994-2007 with an IV competing risks model to examine how...

The use of Markov processes (or Markov chains) has become widespread in dynamic stochastic modeling. For example, its use is ubiquitous in macroeconomics (dynamic stochastic general equilibrium), finance (dynamic asset pricing), and areas of microeconomics (dynamic programming). As we discuss...

Under the current version of the Common Agricultural Policy (CAP), payments to EU farmers are decoupled from the production of agricultural commodities. In fact, farmers qualify for CAP support as soon as their land is maintained in good agricultural and environmental condition.In this paper, we...

Under the current version of the Common Agricultural Policy (CAP), payments to EU farmers are decoupled from the production of agricultural commodities. In fact, farmers qualify for CAP support as soon as their land is maintained in good agricultural and environmental condition.In this paper, we...

Urban flooding poses danger to people and places. People can adapt to this risk by moving to safer areas or by investing in private self-protection. Places can offset some of the risk through urban planning and infrastructure investment. By constructing a global city data set that covers the...

Um politische Entscheidungen zum Umgang mit dem Terrorismus in Deutschland treffen zu können, ist eine eingehende Analyse dieses Risikos in allen seinen Facetten vonnöten. Eine Grundlage dafür bildet die Schätzung des objektiven Risikos. Letzteres wurde im Teilprojekt "manmade hazards" der...

Real option theory models real estate development as a developer-controlled exercise of an option to construct the optimal structure at the optimal time. In practice, most projects encounter a highly uncertain entitlement (i.e., regulatory approval) process that is largely uncontrollable by the...

Flooding is among the costliest natural disasters in the United States. Although the federal government provides floodplain boundary maps and subsidizes insurance, demand remains extremely low. This paper assembles the most comprehensive set of files ever compiled on flood risk and insurance to...

En este trabajo se determina el potencial de valorización del metro cuadrado de suelo (metro cuadrado del lote) de los barrios de la ciudad de Barranquilla (Colombia), a partir de datos mensuales para el periodo comprendido entre 2001 y 2011. Se utiliza información de avalúos inmobiliarios,...