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This paper shows that the capitalization of local amenities is effectively priced into land via a two-part pricing …
Persistent link: https://www.econbiz.de/10012058914
projected - in line with tax capitalization theory - that the tax decrease would lead to significant increases in house prices …. We estimate price responses and capitalization degrees, using various DID strategies, in which the price dynamics of … reduction. Our results are largely inconsistent with capitalization theory. For the majority of properties, we find no evidence …
Persistent link: https://www.econbiz.de/10010358459
projected - in line with tax capitalization theory - that the tax decrease would lead to significant increases in house prices …. We estimate price responses and capitalization degrees, using various DID strategies, in which the price dynamics of … reduction. Our results are largely inconsistent with capitalization theory. For the majority of properties, we find no evidence …
Persistent link: https://www.econbiz.de/10010391445
We examine the relationship between local public goods, prices, wages, and population in an equilibrium inter-city model. Non-traded production, federal taxes, and imperfect mobility all affect how public goods (or "amenities" more broadly) should be valued from data. Reinterpreting the...
Persistent link: https://www.econbiz.de/10011657575
In 2001, the AZF plant exploded in Toulouse (France). The accident was unexpected, it strongly damaged local housing and benefited from a wide media coverage. It provides a rare opportunity to analyze the consequences of a shift in risk perception on housing markets and neighborhoods subject to...
Persistent link: https://www.econbiz.de/10011487845
The emergence of Pay-What-You-Want (PWYW) business models as a successful alternative to conventional uniform pricing brings up new questions related to the task of pricing. We investigate the effect of a reduction of privacy on consumers' purchase decisions (whether to buy, and if so how much...
Persistent link: https://www.econbiz.de/10009792172
Persistent link: https://www.econbiz.de/10012030143
Persistent link: https://www.econbiz.de/10012494290
investment in education because discrimination spurred exit facilitated by human capital. Theory moreover suggests that if exit …
Persistent link: https://www.econbiz.de/10011985775
Deferred Action for Childhood Arrivals (DACA) is the first large-scale immigration reform to affect undocumented immigrants in the United States in decades and offers eligible undocumented youth temporary relief from deportation and renewable work permits. While DACA has improved the economic...
Persistent link: https://www.econbiz.de/10011737511