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and commuting costs because firms need to compensate the transportation cost difference between the employed and …
Persistent link: https://www.econbiz.de/10003580850
and commuting costs because firms need to compensate the transportation cost difference between the employed and …
Persistent link: https://www.econbiz.de/10013317124
Persistent link: https://www.econbiz.de/10012197565
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
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
Heckman selection bias and the GMM estimators to estimate income distributional effects of CAP subsidies. The results do not … confirm the theoretical hypothesis that landowners benefit a large share of the CAP subsidies. According to our estimates … decupled payments, respectively. The CAP subsidies are only marginally capitalised in land rents. Our results suggest that the …
Persistent link: https://www.econbiz.de/10011524063
Persistent link: https://www.econbiz.de/10011659482
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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/10010390079