9783642456329-3642456324-Taxation, Housing Markets, and the Markets for Building Land: An Intertemporal Analysis (Microeconomic Studies)

Taxation, Housing Markets, and the Markets for Building Land: An Intertemporal Analysis (Microeconomic Studies)

ISBN-13: 9783642456329
ISBN-10: 3642456324
Edition: Softcover reprint of the original 1st ed. 1987
Author: Gutting, Bernd
Publication date: 2012
Publisher: Springer
Format: Paperback 146 pages
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Book details

ISBN-13: 9783642456329
ISBN-10: 3642456324
Edition: Softcover reprint of the original 1st ed. 1987
Author: Gutting, Bernd
Publication date: 2012
Publisher: Springer
Format: Paperback 146 pages

Summary

Acknowledged authors Gutting, Bernd wrote Taxation, Housing Markets, and the Markets for Building Land: An Intertemporal Analysis (Microeconomic Studies) comprising 146 pages back in 2012. Textbook and eTextbook are published under ISBN 3642456324 and 9783642456329. Since then Taxation, Housing Markets, and the Markets for Building Land: An Intertemporal Analysis (Microeconomic Studies) textbook was available to sell back to BooksRun online for the top buyback price or rent at the marketplace.

Description

Almost everywhere in the world housing policies play an important role in government programs. Especially in the industrialized Western economies housing policy issues are triggered mainly by two developments: growing population density and increasing environmental pollution enforce a systematic planning of regional and urban development; all social groups want to participate in the increasing welfare of the domestic economies; until today housing policy is considered an appropriate tool for redistribution and social policy. Taxation serves as an important instrument for the realization of the political objectives mentioned above. Surprisingly, there exists wide-spread consent (even on the academic side) on the effectivity of this instrument. However, strictly speaking this consent concerns only the short run. Long-term effects are usually ignored. Therefore, there is always the inherent risk in these policies that (supposed) market inefficiencies will not be cured, but merely carried forward, and possibly amplified. Moreover, it is characteristic for the political discussion that there is no consistent notion of what efficient housing and land markets ought to look like. Generally accepted for example, is the position that land speculation should be fought whereever possible. Hardly anyone asks the question whether the holding of building land will be beneficial to the economy as a whole, and not only to the speculant.

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