There are cities in the world which have experienced substantial numbers of foreign buyers in the local housing markets, thereby pushing up the real estate prices to the levels beyond the affordability of local residents. To suppress foreign influences in the forming of housing bubbles,...

This paper examines the welfare effects of inter-jurisdictional coordination of property taxes. Coordination in terms of compression, harmonization and radial changes of tax structure is considered. It is found that property tax coordination via uniform radial adjustments of taxes is in general...

This article examines a variety of impacts of the policy of releasing public land for agricultural in the Harris-Todaro economy for the short run as well as the long run. We contrast the effects for the economy under import quotas versus tariffs. Our analysis suggests that the land-grant policy...