Subject to legal limitations, the owner of undeveloped real estate can determine both the
date and density at which to develop his property. Alternatively, he can abandon his …

We model the decision to replace durable capital when intensity is variable. Decisions of this
type include land-redevelopment decisions where the density of residential or commercial …

This paper explores the connection between the property tax and urban sprawl. While the
tax's depressing effect on improvements reduces population density, spurring the spatial …

Urban form and resource consumption co-evolve dynamically with public finances. While in
compact urban settlements public service is provided more efficiently, and in larger amounts …

In view of the “severe housing unaffordability” issue Hong Kong currently has, it is usually
suggested in housing policy debates that the solution lies in the supply of more residential …

Over the last twenty‐five years local governments in the United States and Canada have
increasingly used impact fees and other development exactions as methods of financing …

In this paper I provide a theoretical analysis of the effects of use-value property assessment
on land development decisions and subsequent land use. First, use-valuation assessment is …

This paper offers solutions to some of the challenges around maintaining productive
agricultural land close to cities in countries facing a decline in urban populations. In such …

Location values have long been recognized as an attractive instrument to raise municipal
revenues. First, they increase fiscal efficiency and equability compared to traditional property …

Land development decision rules and property valuations are derived for a land-owner
facing uncertain future rentals and land development costs. The qualitative effects of the …