The Holdout Problem and Urban Sprawl

Developers attempting land assembly often face a potential holdout problem that raises the cost of development. To minimize this extra cost, developers will prefer land whose ownership is less dispersed. This creates a bias toward development at the urban fringe where average lot sizes are larger, resulting in urban sprawl. This paper examines the link between the holdout problem and urban sprawl and discusses possible remedies.

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Year of publication:	2004-11
Authors:	Miceli, Thomas ; Sirmans, C. F.
Institutions:	Department of Economics, University of Connecticut
Subject:	Urban sprawl \| holdout problem \| urban renewal \| public use

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Extent:	application/pdf
Series:	Working papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The price is Free Number 2004-38 17 pages
Classification:	K11 - Property Law ; R14 - Land Use Patterns ; R52 - Land Use and Other Regulations
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005626645