This introductory article to the special issue discusses briefly both the practice and theory of road pricing. Actual methods of charging for road use are discussed, and the current trend towards greater use of time-of-day congestion tolls is noted. The basic model of traffic congestion and road...

This paper examines office building sales in downtown Chicago for the period 1996 to 2007. Our analysis provides a conventional OLS approach and an exploration of spatial dependence. We find some evidence of spatial lag and spatial autocorrelation in our dataset but the results are similar to...

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This paper extends Frank's (2006) very simple model to analyze the welfare effects of appreciation and depreciation in a world with borrowing, property taxes, and moving costs. It is shown that appreciation can make homeowners worse off but that even when there is a property tax depreciation can...

This study develops, and econometrically tests, a model explaining the relative importance of several key economic and engineering factors that industrial firms consider when deciding whether to self-generate or cogenerate electricity. The model and empirical results (based on data from the...

Purpose – The purpose of this paper is to test empirically the extent to which differences in property taxes are capitalized in the market prices of industrial real estate. Design/methodology/approach – This paper is a multiple regression study of the selling prices of 419 industrial...