A welfare analysis of the site value taxation model

Autor:	Chin W. Yang, Dwight B. Means
Rok vydání:	1992
Předmět:	Economics and Econometrics Double taxation Property tax Public economics Tax reform Urban Studies Value-added tax Tax credit Ad valorem tax Accounting Deferred tax Econometrics Economics Finance Indirect tax
Zdroj:	The Journal of Real Estate Finance and Economics. 5:281-290
ISSN:	1573-045X 0895-5638
Popis:	This study is a short-run version of Brueckner's (long-run) analysis of graded tax systems. Brueckner assumes a long-run market equilibrium that allows for changes in the market value of the land with a zero profit condition. It is our contention that it is more realistic to solve for the short-run conditions with fixed value of land. Under these conditions, we find that if land is relatively inexpensive, the graded tax system leads to superiority in terms ofk (capital improvement per unit of land),Q (initial housing output), andCS (Consumers' Surplus). With steeper inverse demand curves and greater marginal product and initial housing output, the land tax has a more negative impact on profit with graded tax systems.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::7a190ff6a2240c511fc2c67116e4e293 https://doi.org/10.1007/bf02341915 Zobrazit plný text záznamu Plný text ve formátu PDF