Intro -- CONTENTS -- ILLUSTRATIONS -- 1 Land Value Capture: Types and Outcomes -- 2 Land Value Capture and Justice -- 3 Takings and Givings: The Analytics of Land Value Capture and Its Symmetries with Takings Compensation -- 4 The Unearned Increment: Property and the Capture of Betterment Value...

This paper examines the determinants of residential property prices in Hong Kong SAR during 1980–98. It uses time-series analysis techniques to characterize price developments, establish empirical regularities, and provide measures of the deviations of actual price changes from “trend.”...

We consider taxation by a Leviathan government and by a utilitarian government in the presence of heterogenous locations within a country, when migration from one country to another is and is not possible. In a closed economy, a utilitarian government may transfer income from the poor to the...