Optimal investments to establish property rights in land

Article Abstract:

A model for the optimal investment in a land information system is presented. A society can be viewed as consisting of four economic agents: landowners, tenants, contingent claimants, and the government. The government has the responsibility of improving the cadastre, or the public inventory of data that provides a description of the properties within a jurisdiction based on a study of their boundaries. The model demonstrates that improvements in the cadastre improve property rights. Tenure insecurity is similar to a tax in that it causes housing prices to exceed the social cost of housing to compensate landlords for the likelihood of forfeiting their investment.

Urban economics, Right of property, Property rights, Land tenure

---

Agglomeration and land rents: evidence from the prefectures

Article Abstract:

A comparison of rates of agglomeration, or clustering, in the Japanese manufacturing and financial services industries is presented. Findings include the link between the agglomeration rate and prefectural land rent and wages, with a lower geographic spillover reach in financial services than in manufacturing.

Japan, Statistical Data Included, Research, Manufacturing industry, Manufacturing industries, Economic aspects, Financial services industry, Financial services, Mathematical models, Location, Production management, Metropolitan areas, Rents (Property), Economic geography

---

Similar abstracts:

• Abstracts: Quantum agglomeration formation during growth in a combined economic-gravity model. A note on Lee's model of intraurban employment location
• Abstracts: Estimating patronization shares for urban retail centers: an extension of the Poisson gravity model. Identification of preference parameters in hedonic models: consumer demands with nonlinear budgets
• Abstracts: Interregional flows of funds as a measure of economic integration in the United States. Spatial variations in production costs
• Abstracts: The effect of welfare and wage levels on the location decisions of female-headed households. The fiscal effect of community composition on public services and welfare
• Abstracts: The impact of housing costs on the living arrangements of single mothers. Estimation of housing depreciation: short-term quality change and long-term vintage effects

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.