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-best allocation and show efficiency can be implemented with decentralization using head taxes. We calibrate the model and compare … decentralization and property taxation are large, dissipating most if not all the potential welfare gains that efficient … decentralization could achieve. In property tax equilibrium centralization is frequently more efficient! An externality in community …
Persistent link: https://www.econbiz.de/10013121991
-best allocation and show efficiency can be implemented with decentralization using head taxes. We calibrate the model and compare … decentralization and property taxation are large, dissipating most if not all the potential welfare gains that efficient … decentralization could achieve. In property tax equilibrium centralization is frequently more efficient! An externality in community …
Persistent link: https://www.econbiz.de/10012461406
Immobilienpreisen kapitalisiert, wurde bislang nur unzureichend für den deutschen Immobilienmarkt untersucht, wohingegen für den US …-amerikanischen Immobilienmarkt die Kapitalisierungsforschung weit aufgestellt ist. Für die Immobilienmärkte Bremen und Niedersachsen wird jeweils …
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For well-diversified investors in depreciable real estate, the trading decision may be made with the sole objective of maximizing the property's depreciation tax shelter net of all capital gain taxes and transaction costs.This paper develops a dynamic programming model in which the optimal...
Persistent link: https://www.econbiz.de/10012774655
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/10013243016
For well-diversified investors in depreciable real estate, the trading decision may be made with the sole objective of maximizing the property's depreciation tax shelter net of all capital gain taxes and transaction costs.This paper develops a dynamic programming model in which the optimal...
Persistent link: https://www.econbiz.de/10012477830