We examine the working mechanisms and efficiencies of zoning (regulation of floor area ratios and land-use types) and fiscal instruments (tolls, property taxes, and income transfer), and extend the instrument choice theory to include the congestion of road and nonroad infrastructure. We show...

We construct Laffer curves to evaluate the efficiency of local property tax collection based on a micro-level panel dataset referring to 2013–2016 and obtained from the Jerusalem municipality. Unlike previous literature, we apply a tractable ad hoc methodology, which, compared with the...

What would happen if a supermarket charged different customers different prices for the same item? What if the differences became steadily larger? And usually favored better-off customers? Undoubtedly there would be objections or maybe even lawsuits. The chances of getting away with such...

Taxes create incentives; yet, the potency of these incentives may depend on the salience and households’ perceptions of the tax itself. We investigate this issue in the context of property taxes, exploring how accurately households perceive their property tax liabilities and what factors...

The property tax was originally intended to be a tax on the stock of wealth, in essence all property – real and personal, tangible and intangible. Estimating the property tax base without any exemptions or other legal deviations from market value is an exercise that permits the discussion to...

We conduct a laboratory experiment to explore the willingness to pay to improve the accuracy of property assessment and three related issues regarding attitudes toward these assessments and taxes. First, we explore individual willingness to pay to improve property assessment accuracy; a more...