Questions tagged [land]

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What formula describes the immediate drop in land value for a gradually-increasing land value tax?

I am aware that when a government announces that a land value tax will be passed, property values immediately drop. However, I am curious to know if there is a known formula that approximately ...
Electric-Gecko's user avatar
1 vote
1 answer
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Is there a way to assess land value independently of zoning policy?

I am aware that the methods used to assess land value of properties, used by government agencies for taxation, are affected by zoning restrictions. Restrictions on how a lot of land may be used by it'...
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Equation for pure wage contracts in the land market

I am reading "Development Economics" by Debraj Ray. I need to understand the different kinds of contracts in the land market. Chapter 12.3.1 explains the contract forms. The general equation ...
robertspierre's user avatar
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How much revenue could an 100% land value tax be able to generate for the Indian government?

So as a Georgist (follower of Henry George), I believe most form of taxation is immoral and economically inefficient except the land value tax (not to be confused with property taxes) and other ...
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Do all taxes come out of rents (ATCOR)?

Mason Gaffney (2009) coined the term ATCOR (all taxes come out of rents) for his finding that taxes depress land rents. The meaning and relevance of ATCOR is that when we lower other taxes, the ...
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Are urban land (location) markets considered competitive even though the market price does not equal marginal cost (zero)?

Urban land (location) supply is fixed and the marginal cost of bringing an urban plot into production is zero. Even when land owners do not collude to limit the supply, the fixed supply arguably ...
sba222's user avatar
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3 votes
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How does the Austrian School view land rents?

I have come across these publications: The Spatial Market Process. Advances in Austrian Economics Vol. 16. In “An Austrian Theory of Spatial Land,” Fred E. Foldvary addresses the disregard of spatial ...
sba222's user avatar
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What does it mean that households provide the four factors of production?

I've learned that the factors of production are Labor, Land, Capital and Entrepreneurship. I've also learned that households, or units of people living under one roof, supply these resources. But I'm ...
General Nuisance's user avatar
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Is the income derived from owning a live animal profit or rent?

Natural resources are considered non-produced and yield rents, including land and the fruits of the land, e.g. trees. Does this extend to live animals? Or are live animals considered “produced” goods (...
sba222's user avatar
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2 votes
2 answers
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How does 'building land' fit into economic modeling?

According to the ONS National Accounts 2018 & RICS land valuations and ... Land that is built on has a value that makes it half of the UK's wealth. The rest of the land has a value less than 3% ...
Geoff Beacon's user avatar
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1 answer
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How Does Land Value Tax (e.g. Georgism) Decouple Lease Transfer From Improvement Transfer?

In theory, a land value tax (e.g. Georgist single tax), works by the government replacing property taxes with leases on land, as an incentive to invest in property improvements. This obviously works ...
James Bowery's user avatar
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Why doesn't land value go to 0 when tax rate goes to 100%?

I'm looking at this equation here: $$y = \frac{ra}{r+x}$$ Where: $y$ = market value of land $r$ = real interest rate, set at 0.01 $a$ = land value, set at 1 $x$ = tax rate I don't really ...
AntiTruthist's user avatar
3 votes
2 answers
68 views

What are the drivers of the price of land?

I'm interested in what factors lead to changes in the price of land. I'm interested in this question in general across a whole country, say (as opposed to land in particular places). So I'm ...
user19704's user avatar
8 votes
6 answers
3k views

Why can't the Land-Value Tax (in some cases) be passed on to tenants?

According to https://en.wikipedia.org/wiki/Land_value_tax: Because the supply of land is essentially fixed, land rents depend on what tenants are prepared to pay, That doesn't make any sense. If ...
RonJohn's user avatar
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Why are many railroad rights-of-way held in easement rather than in fee simple?

In the United States it is said that many railroad rights of way are held by railroad corporations in easement rather than in fee simple. It seems strange that it would be done that way when one ...
Michael Hardy's user avatar
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1 answer
148 views

Is soil exhaustion rational?

I was talking with friends about soil exhaustion in agriculture. They tell me that it is very frequent because of the methods employed in modern agriculture. They suggest that this amount of ...
user11629's user avatar
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1 answer
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Today's value of the Louisiana Purchase?

A video I watched claimed (at 6:50) that while only \$0.25B had been paid for the Louisiana Purchase, the current value was \$1200B (all in 2017 dollars). I couldn't find any references, but assuming ...
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