Elinder, Mikael; Persson, Lovisa - Institutet för Näringslivsforskning (IFN) - 2014
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 …