منابع مشابه
Highway Franchising and Real Estate Values
It has become increasingly common to allocate highway franchises to the bidder that offers to charge the lowest toll. Often, building a highway increases the value of land held by a small group of developers, an effect that is more pronounced with lower tolls. We study the welfare implications of highway franchises that benefit large developers, focusing on the incentives developers have to int...
متن کاملDeterminants of Real Estate Values
The services provided by any particular house clearly depend upon a great variety of physical characteristics of the house and its grounds. Possibly the most important of these characteristics are the size of the house, how that size is divided up for use, and the amount of land that is included with the house. Other features of the structure which presumably are important are the heating, elec...
متن کاملSecond-best Road Pricing Through Highway Franchising
This paper considers the welfare impacts of a range of franchising regimes for congestible highways. For a single road in isolation, it is shown that a competitive auction with the level of road use as the decision criterion produces the socially optimal road (in terms of capacity and toll level) as the equilibrium outcome, provided constant returns to scale characterize highway operations. The...
متن کاملEthical Beliefs and Values of Real Estate Salespeople
INTRODUCTION Real estate licensees, along with other business participants, are often subjected to various pressures that may compromise accepted ethical behavior. This paper examines the ethical values of real estate salespeople licensed in the state of Nevada. In particular, we examine five constructs, or domains, of ethics. The constructs investigated are; deceit (deceitful practices), fraud...
متن کاملReal estate franchising: The case of Coldwell Banker expansion into China
0007-6813/$ see front matter D 200 doi:10.1016/j.bushor.2004.10.026 B This manuscript was accepted unde W. Organ. * Corresponding author. E-mail addresses: [email protected] [email protected] (K. Bian).
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ژورنال
عنوان ژورنال: Journal of Urban Economics
سال: 2005
ISSN: 0094-1190
DOI: 10.1016/j.jue.2004.12.009