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This paper focuses on housing tenure choices of Italian households and the extent they can be explained by liquidity constraints. When borrowing and lending rates differ from each other and from the im-plicit rate of interest paid by real assets, the structure of those rates influences the decisi...
This spatial transfer of land development rights under CLR causes SI and frequent conflicts of interest [11] that restrict the economic and social development of NRRCL [20]. Compared with NIRCL, NRRCL has reduced development rights, and its development potential is limited [1,20]. Such ...
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