This research examines housing market price efficiency across locations within a metropolitan market the hallmark of hedonic theory. Our innovation is to introduce temporal as well as spatial considerations of price efficiency. In an efficient market, the price (level) of housing must not only...

This paper examines how communities will behave if they are given the option of taxing the property of commercial establishments (factories, shopping centers, office buildings, etc) at different rates from residential housing. In the last 2 decades many states have enacted legislation which...