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The dramatic implosions of the centrally administered, non-democratic political systems in central and eastern Europe in the late 1980s have generated a body of research concerning the transition from public ownership, and the role of the market and other institutions in engendering good incentives for economic actors. The essays collected in this volume study property relations, their associated incentives and the consequent effects on welfare: the ubiquitous theme is that efficiency cannot be divorced from the distribution of productive assets.
Any person with a passport or any official company can buy a property in Germany. This ebook we wrote for the investors for their capital interest in any real estate in Germany to invest themselves. The statutory provisions for real estate are complicated in Germany. We want you here to give a brief overview what it generally and specifically especially arrives at a property for sale in Germany. Author Mr. Pachowsky is an experienced real estate expert. Throughout his life he has worked professionally with real estate. All the usual activities are familiar to him. With its IMI Property Institute in Nuremberg, he has introduced in 1987 and first recognized qualifications in Germany. He is also the author of several real estate books. "Real estate as an investment" is a great book success. Author Mr. von Wangenheim has started in the late 1990's to work in the Law Business. For many years he has been working as an expert in real estate law and inheritance law for private persons and private investors. Now it is time to present my knowledge to an international audience to let people benefit from the growing property market in Germany. If you ask for legal advice before you buy property, there is a change to earn good money. Be sure to start well informed before you start your investment. Otherwise you might loose money. This book contains no advertising because we authors have nothing to sell. We want to give you only informations. And we you can - if you like them - provide a first and free contact to Germany. We wish you a "good new insights" to buy a property in Germany. Overview Contents: Forword Initiation Typically German The current real estate situation A. In principle: why buy real estate? 1. Properties are durable and resistant 2. Property are safe 3. Properties have a high value 4. Administration 5. Real estate as a long-term investment 6. Portfolio Strategy B. Real estate in Germany 1. Real estate markets are always their own local markets. 2. Recommended real estate products 3. Get quotes and order to a broker 4. Purchase price and additional costs C.Germany as a constitutional state 1.Constitution 2. Civil law 3. Administration law 4. Tax law D. Property Business in detail 1. Buying and selling property 2. Renting bulidings and apartments 3. Succession law
Common property economics defines and clarifies the theoretical distinction between open access and common property and empirically tests the adequacy of resource allocation under common property and empirically tests the property in comparison with private property. Group use of natural resources has often received the blame for overexploitation and mismanagement, whether of fisheries, grazing land, oil and gas pools, groundwater, or wildlife. In this book two types of group use are identified: open access and utilization without any controls on extraction rates, a situation in which resource overexploitation often occurs. In contrast, common property refers to the situation where the group controls the access to and extraction rates of the resource. The common property solutions differ from those associated with open access. The nonoptimality of open access is demonstrated with graphic, game theoretic, and mathematical models. The necessary and sufficient conditions for common property to overcome the difficulties of open access are examined. Stevenson discusses historical examples, the basis in legal concepts, the contrast with public goods, the formation, and the stability of common property. In a detailed, empirical study of alpine grazing in Switzerland, the author compares the performance of common property with that of private property. He also notes the similarity in structure between the Swiss grazing commons and the English open field system.
It's 1942, and war is raging in Europe and in the Pacific. The Japanese army is on Australia's doorstep, and the small coastal Queensland town of Maryborough is on full war footing. What they are not prepared for is the arrival in the town of a troupe of incompetent actors whose unjustifiably self-confident leader, William Power, is determined to bring his daring production of Titus Andronicus to the barbarians of rural Australia.
The importance of property as an investment medium continues to grow. Investors in property or those involved with the provision of expert advice to investors have had to improve the effectiveness and efficiency of their decision making. The aim of this book is to lay down the theoretical foundations of investment decision making, incorporating the techniques and procedures of modern management science, so that particular decisions regarding property investment can be made efficiently and rationally.
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