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The behavioural approach to decision making under uncertainty combines insights from psychology and sociology into economic decision making. It steps away from the normative homo economicus and introduces a positive approach to human decision making under uncertainty. We provide an overview of...
Persistent link: https://www.econbiz.de/10010326249
Persistent link: https://www.econbiz.de/10009784944
A new sample containing rental price and characteristic data for over 15,000 New York City units was collected from historical newspapers for the period 1880 to 1910. These units were geolocated to the historical map of Manhattan Island to explore their geographic coverage, using Geographic...
Persistent link: https://www.econbiz.de/10011796009
We exploit staggered real estate transaction tax (RETT) hikes across German states to identify the effect of house price changes on mortgage credit supply. Based on approximately 33 million real estate online listings, we construct a quarterly hedonic house price index (HPI) between 2008:q1 and...
Persistent link: https://www.econbiz.de/10012436480
A new sample containing rental price and characteristic data for over 15,000 New York City units was collected from historical newspapers for the period 1880 to 1910. These units were geolocated to the historical map of Manhattan Island to explore their geographic coverage, using Geographic...
Persistent link: https://www.econbiz.de/10011791148
We exploit staggered real estate transaction tax (RETT) hikes across German states to identify the effect of house price changes on mortgage credit supply. Based on approximately 33 million real estate online listings, we construct a quarterly hedonic house price index (HPI) between 2008:q1 and...
Persistent link: https://www.econbiz.de/10012433677
Restrictions on new constructions and modernisations occur in almost all countries and numerous regulations apply in Germany. This article outlines regulations regarding the protection of historical buildings, restoration law and preservation statutes and describes compensatory subsidies...
Persistent link: https://www.econbiz.de/10010332592
An enormous increase of initial rents in many German cities over the last decade has prompted the current grand coalition to implement a new rent control called "Mietpreisbremse" in 2015 (literally a brake on rental prices). This reform aims to stop exploding rents and to provide particularly...
Persistent link: https://www.econbiz.de/10011557817
We study the interaction between transit improvements and land use policies in the context of Bengaluru, one of India's largest cities. The city inaugurated a metro system in 2011. Yet it has low building heights even near metro stations, reflecting low floor-area ratio limits. We construct a...
Persistent link: https://www.econbiz.de/10014549266
In the long term, real estate in Germany and the USA delivers high returns of 5% to 8% per year. However, the path to these average yields differs greatly: total returns on the German real estate markets tend to develop similarly to the gross domestic product with only slight fluctuations. The...
Persistent link: https://www.econbiz.de/10012216804