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Land Taxation, Neutrality, and Risk Aversion

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  • Richard W. Douglas JR

    (Bowling Green State University)

Abstract

Taxation of land value has recently been shown to encourage early land devel-opment. This paper develops a somewhat different model to consider taxation of land's "use" value, incorporating risk aversion into the model. Within this framework a land tax may either encourage or discourage development.

Suggested Citation

  • Richard W. Douglas JR, 1979. "Land Taxation, Neutrality, and Risk Aversion," Public Finance Review, , vol. 7(2), pages 231-237, April.
    • Handle: RePEc:sae:pubfin:v:7:y:1979:i:2:p:231-237
    DOI: 10.1177/109114217900700207
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    References listed on IDEAS

    as
    1. Bentick, B L, 1972. "Improving the Allocation of Land between Speculators and Users: Taxation and Paper Land," The Economic Record, The Economic Society of Australia, vol. 48(121), pages 18-41, March.
    2. Thanos Skouras, 1974. "The Allocation of Land between Speculators and Users under a Land Ownership Tax: A Comment," The Economic Record, The Economic Society of Australia, vol. 50(3), pages 449-450, September.
    3. B. L. Bentick, 1972. "Improving the Allocation of Land Between Speculators and Users:Taxation and Paper Land," The Economic Record, The Economic Society of Australia, vol. 48(1), pages 18-41, March.
    4. Feldstein, Martin S, 1977. "The Surprising Incidence of a Tax on Pure Rent: A New Answer to an Old Question," Journal of Political Economy, University of Chicago Press, vol. 85(2), pages 349-360, April.
    5. Skouras, Thanos, 1974. "The Allocation of Land between Speculators and Users under a Land Ownership Tax: A Comment," The Economic Record, The Economic Society of Australia, vol. 50(131), pages 449-450, September.
    Full references (including those not matched with items on IDEAS)

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