Land value taxation & housing development for three cities in Pennsylvania
This paper reviews theories about the economic effects of land value taxation as well as research which suggests hypotheses addressing the disparate circumstances of central cities such as Pittsburgh, suburban cities such as McKeesport, and relatively isolated cities such as New Castle. In order to test those hypotheses, specified a general econometric model of the housing market is specified. The model is adjusted to fit the circumstances of each city, and then the adjusted models using...[Show more]
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