This paper proposes that the rapid agricultural expansion of the cerrado regions, which has been limited to grains and livestock, is due to the low price of land in these regions as compared with the other agricultural regions of Brazil and abroad. This low price of land, in its turn, is...

We study the presence of capitalization of local fiscal and social policies in house prices. The local property tax and the public utility fees in Bogotá depend on a classification of all blocks in the city into six groups (estratos socioeconómicos) - a redistributive system in which some...

Transport infrastructure development project plays a vital role in improving accessibility which has dynamic effects on the urban and regional economy and increases property value. The research aims to assess the land price variability in control and catchment areas before and after the Railway...

We conduct a national-scale study of the determinants of agricultural land values to better understand how current farmland prices are influenced by the potential for future land development. The theoretical basis for the empirical analysis is a spatial city model with stochastic returns to...

It has become increasingly common to allocate highway franchises to the bidder that offers to charge the lowest toll. Often, building a highway increases the value of land held by a small group of developers, an effect that is more pronounced with lower tolls. We study the welfare implications...

In this paper we present results of a land-use forecasting model that we calibrated with vast geo-referenced data of a major metropolitan area. Each land parcel includes information concerning regulations indicating permitted land-uses as well as the certain characteristics of existing...