We use laboratory experiments to test the ability of two tax mechanisms to discourage seller holdout and facilitate land assembly. In one mechanism (“revealed assessment”), if a seller rejects a developer’s offer, then the property value is reassessed to be equal to the rejected offer and...

Characteristics of the present land usage, land ownership and the land market in the Czech Republic - the distribution of the Czech Utilised Agricultural Area (UAA) among owners and users, driving barriers on the Czech Land market. A regional view on the Czech UAA from the points of view of...

Sweeping subdivision regulation reform in Houston, Texas, provides an instructive alternative to what can often seem like a no-win scenario for local planners. The circumstances surrounding the city’s 1998 reduction of minimum lot sizes for single-family homes hold important lessons for...

The interaction between land use and transit station is a cyclic process. The allocation of certain use to a land impacts the demand for travel towards that land, which in turn results in the development of transport infrastructure facilities improving the accessibility of that land. The...

The purpose of this note is to highlight the recent availability of an expanded set of historical data of the staff's estimates of the real-time output gap at the Real-Time Data Research Center of the Federal Reserve Bank of Philadelphia