Informal housing refers to the unauthorized residential use of public or private land. In this paper, we study supply in markets where informal is common. Using a combination census and satellite data, estimate for more than 90 metropolitan areas Brazil. We find that widespread increases elasticity, partially offsetting downward pressure geographical constraints. Our empirical approach guided b...

The economic literature on PPPs has generally overlooked agency problems within private consortia. We provide a first contribution in this direction, relying on a simple incomplete contracts framework where a Builder and an Operator set up a Special Purpose Vehicle (SPV) to carry out a contract with the government. Because of incomplete contracts, the bundling of tasks is imperfect, and the SPV...

Livestock production is a key income source in eastern Africa, and 80% of 22 the total agricultural land is used for livestock herding. Hence, ecological and 23 socio-economically sustainable rangeland management is crucial. Our study aimed at 24 selecting operational economic, environmental and social sustainability indicators for three 25 main pastoral (P), agro-pastoral (AP), and landless in...

Managers engage in income smoothing either to communicate private information about future earnings to investors (informativeness hypothesis) or to distort financial performance for opportunistic purposes (opportunism hypothesis). Business cycles and the monitoring role of institutional ownership may affect the earnings informativeness of income smoothing. The purpose of this research is to exa...

This paper presents how log-linear models can be used for modelling and forecasting structural changes of Finnish non-industrial private forest ownership. Two crosssectional sets of data, which were collected in conjunction with two separate surveys by means of mail questionnaires in 1975 and 1990, were employed. A total of six nonindustrial private forest holding and ownership attributes are f...

Conservation decisions should be evaluated for how they meet conservation goals at multiple spatial extents. Conservation easements are land use decisions resulting from a combination of social and environmental conditions. An emerging area of research is the evaluation of spatial distribution of easements and their spatial correlates. We tested the relative influence of interacting social and ...

We model alternative institutional arrangements for building and managing facilities for provision of public services, including the use of the Private Finance Initiative (PFI), by exploring the effects on innovative investment activity by providers. The desirability of bundling the building and management operations is analyzed, and it is considered whether it is optimal to allocate ownership ...

This article challenges evolutionary accounts of property transformation in postcommunist Hungary, which hold that novel property forms based on interenterprise ownership have emerged in that country. It shows that private property has emerged as the predominant category of ownership in Hungary and explains the rapid diffusion of private ownership by focusing on the actions of the state and int...

Auto ownership is a critical mediating link in the connection between the built environment and travel behavior: the built environment presumably influences auto ownership, which in turn impacts travel behavior. However, the way in which individual elements of the built environment affect auto-ownership choices is far from understood. Further, residential self-selection may confound the interac...