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Feldstein meets George : land rent taxation and socially optimal allocation in economies with environmental externality

Nguyen Thang Dao; Edenhofer, Ottmar - 2018

We consider an overlapping generations (OLG) economy with land as a fixed factor of production and an environmental externality on production in which tax revenue from land rent and/or from other schemes such as labor income, capital income, and production taxation can be used for environmental...

Persistent link: https://www.econbiz.de/10011809898

Social security reform and intergenerational trade : is there scope for a Pareto-improvement?

Köthenbürger, Marko; Poutvaara, Panu - 2002

In earlier literature, the suggested Pareto improvements in pay-as-you-go (PAYG) systems have relied on the presence of externalities or the possibility of intragenerational redistribution. We show that neither assumption is necessary in an economy with intergenerational trade in a fixed factor...

Persistent link: https://www.econbiz.de/10011539002

Welfare benefits of agglomeration and worker heterogeneity

Teulings, Coen N.; Ossokina, Ioulia V.; Groot, Henri L. … - 2014

The direct impact of local public goods on welfare is relatively easy to measure from land rents. However, the indirect effects on home and job location, on land use, and on agglomeration benefits are hard to pin down. We develop a spatial general equilibrium model for the valuation of these...

Persistent link: https://www.econbiz.de/10010391790

Tenancy rent control and credible commitment in maintenance

Arnott, Richard; Shevyakhova, Elizaveta - 2014

Under tenancy rent control, rents are regulated within a tenancy but not between tenancies. This paper investigates the effects of tenancy rent control on housing quality and maintenance. Since the discounted revenue received over a fixed-duration tenancy depends only on the starting rent,...

Persistent link: https://www.econbiz.de/10010237287

Political economy of commuting subsidies

Borck, Rainald (contributor); Wrede, Matthias (contributor) - 2004

We study the political economy of commuting subsidies in a model of a mono-centric city with two income classes … suburbs. Commuting subsidies increase the net income of those with long commutes or high transport costs. They also affect … and the incidence of landownership affects the support for commuting subsidies. …

Persistent link: https://www.econbiz.de/10002521705

Assessing the distributional effects of housing taxation in Italy : from the actual tax code to imputed rent

Pellegrino, Simone; Piacenza, Massimiliano; Turati, Gilberto - 2011

The presence of extensive housing subsidies characterises the current tax systems as inefficient. In this paper, we …

Persistent link: https://www.econbiz.de/10009011355

Financing public capital through land rent taxation : a macroeconomic Henry George theorem

Mattauch, Linus; Siegmeier, Jan; Edenhofer, Ottmar; … - 2013

Financing productive public capital through distortionary taxes typically creates a trade-off: the optimal investment is determined as a compromise between efficiency-enhancing public investment and perturbing market efficiency, but is never socially optimal. In contrast, such a trade-off can...

Persistent link: https://www.econbiz.de/10009754533

Tax streams, land rents and urban land allocation

Tang, Yugang; Su, Zhihao; Hou, Yilin; Yin, Zhendong - 2023 - This version: November, 2023

This paper examines the fiscal motives behind municipal governments' decisions to allocate commercial and residential land when two categories of land use are subject to different fiscal revenue alternatives: business-related tax and/or land rent. We use urban parcel-level land transfers during...

Persistent link: https://www.econbiz.de/10014443826

Is the rent too high? : land ownership and monopoly power

Watson, C. Luke; Ziv, Oren - 2021

We investigate the sources, scope, and implications of landowner market power. We show how zoning regulations generate spillovers through increased markups and derive conditions under which restricting landownership concentration reduces rents. Using newbuilding-level data from New York City, we...

Persistent link: https://www.econbiz.de/10012421225

Income taxes, property values, and migration

Glazer, Amihai; Kanniainen, Vesa; Poutvaara, Panu - 2003

We consider taxation by a Leviathan government and by a utilitarian government in the presence of heterogeneous 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...

Persistent link: https://www.econbiz.de/10011511078