Search Results

No results found.

(refine search)
SORT BY: PREVIOUS / NEXT
Jel Classification:D45 

Working Paper
Capitalization as a Two-Part Tariff: The Role of Zoning

This paper shows that the capitalization of local amenities is effectively priced into land via a two-part pricing formula: a ticket" price paid regardless of the amount of housing service consumed and a slope" price paid per unit of services. We first show theoretically how tickets arise as an extensi ve margin price when there are binding constraints on the number of households admitted to a neighborhood. We use a large national dataset of housing transactions, property characte ristics, and neighbor- hood attributes to measure the extent to which local amenities are capitalized in ticket ...
Working Papers , Paper 19-20

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

H41 1 items

H73 1 items

R31 1 items

R52 1 items

FILTER BY Keywords

PREVIOUS / NEXT