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Regulation versus taxation : efficiency of zoning and tax instruments as anti-congestion policies
Hirte, Georg; Rhee, Hyok-Joo - 2016
heterogeneity and real estate market distortions, zoning could be less efficient than, as efficient as, or more efficient than …We examine the working mechanisms and efficiencies of zoning (regulation of floor area ratios and land-use types) and … pricing instruments. However, when the zoning enacted deviates from the optimum, zoning not only becomes inferior to …
Persistent link: https://www.econbiz.de/10011541286
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Second-best urban tolls in a monocentric city with housing market regulations
Tikoudis, Ioannis; Verhoef, Erik T.; Ommeren, Jos van - 2015
regulatory mechanisms in the housing market (building height restrictions, zoning and property taxation). The Pigouvian toll is … suggested by a model that disregards zoning. In general, this implies that decision making on urban road pricing can ignore …
Persistent link: https://www.econbiz.de/10010464784
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Second-best Urban Tolls in a Monocentric City with Housing Market Regulations
Tikoudis, Ioannis; Verhoef, Erik T.; van Ommeren, Jos N. - 2015
regulatory mechanisms in the housing market (building height restrictions, zoning and property taxation). The Pigouvian toll is … suggested by a model that disregards zoning. In general, this implies that decision making on urban road pricing can ignore …
Persistent link: https://www.econbiz.de/10010491395
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Second-best Urban Tolls in a Monocentric City with Housing Market Regulations
Tikoudis, Ioannis; Verhoef, Erik T.; Ommeren, Jos N. van - Tinbergen Instituut - 2015
regulatory mechanisms in the housing market (building height restrictions, zoning and property taxation). The Pigouvian toll is … suggested by a model that disregards zoning. In general, this implies that decision making on urban road pricing can ignore …
Persistent link: https://www.econbiz.de/10011257458
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Second-Best Urban Tolls in a Monocentric City with Housing Market Regulations
Tikoudis, Ioannis - 2015
regulatory mechanisms in the housing market (building height restrictions, zoning and property taxation). The Pigouvian toll is … suggested by a model that disregards zoning. In general, this implies that decision making on urban road pricing can ignore …
Persistent link: https://www.econbiz.de/10013030301
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Deconstructing Canada's Housing Markets: Finance, Affordability and Urban Sprawl
Cheung, Calista - Economics Department, Organisation de Coopération et … - 2014
House prices have increased significantly in Canada over the past decade, driving household debt and residential construction activity to historical highs. Although macro-prudential tightening has slowed the pace of household borrowing in the last few years, house prices have continued to trend...
Persistent link: https://www.econbiz.de/10011276860
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Policies to Rebalance Housing Markets in New Zealand
Cheung, Calista - Economics Department, Organisation de Coopération et … - 2011
A considerable housing boom has been a key feature of persistently large saving-investment imbalances in New Zealand over the past decade. Wealth is concentrated to a greater extent in property compared to most other OECD countries, leaving households and the banking system heavily exposed to a...
Persistent link: https://www.econbiz.de/10009149950
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Improving well-being through better housing policy in New Zealand
Barker, Andrew - 2019
New Zealand’s housing supply has not kept pace with rising demand, including from net immigration. Affordability has worsened, particularly for low-income renters. Government action is underway to allow new housing through initiatives such as the Urban Growth Agenda, KiwiBuild and the Housing...
Persistent link: https://www.econbiz.de/10012111105
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Parking taxes as a second best congestion pricing mechanism
Miller, Sebastián; Wilson, Riley - 2015
Growing vehicle use and congestion externalities have led many to consider alternative congestion pricing mechanisms, as road pricing often has high infrastructural costs and faces public opposition. This paper explores the role of parking taxation in reducing congestion by considering a natural...
Persistent link: https://www.econbiz.de/10011485212
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Citywide parking policy and traffic : evidence from Amsterdam
Ostermeijer, Francis; Koster, Hans; Nunes, Leonardo; … - 2021
We examine the effect of citywide parking policy on parking and traffic demand. Using a large increase in on-street parking prices for the city of Amsterdam, we show that the policy caused a substantial drop in on-street parking demand, which is not offset by an increase in off-street demand....
Persistent link: https://www.econbiz.de/10012427709