Since the seminal contribution of Case and Shiller (1989) several papers on the efficiency properties of housing markets have appeared. Nevertheless, there is still not full agreement on whether the housing market functions as an efficient market or not. In the present paper we apply two...

How do residential property prices respond to new highway connections? We explore the impact of reduced travelling time on house prices in four different cities along the southern coast of Norway. The four towns are located as nodes on a chain, where the town of Kristiansand is located in one...

Over the last two centuries, household size has decreased considerably. Within a theoretical model I investigate the relationship between household size and the structure and size of cities. Household utility is assumed to depend on household size, in addition to the consumption of housing and a...

Urban settlements can be characterised by a rent gradient which implies high rents on central lots. This will induce households who prefer to live at central locations to economize on land. At central lots households are therefore likely to live in apartments, while they at non-central lots...

While there is a huge literature on the incidence of the property tax, little research has been done on the optimal design of property taxes. In the present paper I design a model suitable for examining issues relating to the optimal design of a property tax system. One important issue that is...

Household size has decreased considerably over time. We use a theoretical model for investigating the relationship between household size and the size and internal structure of a city. In a stylized model, single-person households occupy in equilibrium the central parts of the city, while...

Housing policies in many countries emphasise that households should have the possibility to own their own homes. In order to achieve this goal, it is important that the financial threshold for purchasing a dwelling is kept at a low level. The Scandinavian housing cooperatives provide an...