108 research outputs found

    Municipal Corporations, Homeowners, and the Benefit View of the Property Tax

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    Consumer behavior towards fuel efficient vehicles. Volume IV: operating instructions and programs documentation for the CS Vehicle Choice Simulation Model. Final report.

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    National Highway Traffic Safety Administration, Technology Assessment Division, Washington, D.C.Mode of access: Internet.Author corporate affiliation: Cambridge Systematics, Mass.Report covers the period Oct 1977-Sept 1980. Released Feb 1981. Contract amount $215,251Subject code: DECMSubject code: NKQPSubject code: SCDCSubject code: SCDCVSubject code: WNBPSubject code: WTHDSSubject code: YCJ

    Federal Home Loan Mortgage Corporation

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    This paper is the first to directly estimate the determinants of differences in premiums received by public and private sellers in the market for bank branches (deposit bases). Deposit premiums received in private sector transactions exceeded those received by the FDIC and the RTC, even afier controlling for known characteristics of the transactions and afier corrections for possible sample selection bias. The observed differentialdisappeared by 1992, suggesting improved market efficiencyand/or the impact of FDICIA (1991), which mandated “least-cost ” resolution procedures for failed institutions. Additionally,the evidence suggests that bank branches are Independent Value Objects whose auctions always result in “unintended ” transfers of value to the winning bidders. This result, while consistent with previous literature that found positive Cumulative Abnormal Returns to the winners of auctions for the branches of failed banks, nevertheless suggests that not all of the positive CARScan be due to market ineticiency

    A comparison of car ownership models

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    In this paper, car ownership models that can be found in the literature (with a focus on the recent literature and on models developed for transport planning) are classified into a number of model types. The different model types are compared on a number of criteria: inclusion of demand and supply side of the car market, level of aggregation, dynamic or static model, long-run or short-run forecasts, theoretical background, inclusion of car use, data requirements, treatment of business cars, car type segmentation, inclusion of income, of fixed and/or variable car cost, of car quality aspects, of licence holding, of socio-demographic variables and of attitudinal variables, and treatment of scrappage

    A Structural Model for Early Exit of Older Men in Belgium

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    In this paper we propose a structural model of the retirement decision for older workers in Belgium. We model the exit paths available through the various available schemes. Our framework allows exploiting all information on possible exit paths and also better identifying preferences and constraints. Results based upon Belgian microsimulation data from 2001 for private sector workers fits rather well observed behavior. Simulations of hypothetical reforms illustrate the potential effects of changing social security rules
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