Showing 1 - 10 of 500
Planning is about other things as well, but it is fundamentally an economic activity. It allocates a scarce resource but independently of prices or any market information. In analysing the effects this allocative mechanism has on housing supply (or, indeed, the supply of buildings for any given...
Persistent link: https://www.econbiz.de/10010745894
We model residential land use constraints as the outcome of a political economy game between owners of developed and owners of undeveloped land. Land use constraints benefit the former group (via increasing property prices) but hurt the latter (via increasing development costs). More desirable...
Persistent link: https://www.econbiz.de/10010744861
We model residential land use constraints as the outcome of a political economy game between owners of developed and owners of undeveloped land. Land use constraints are interpreted as shadow taxes that increase the land rent of already developed plots and reduce the amount of new housing...
Persistent link: https://www.econbiz.de/10010744876
Homeowners have incentives to control and limit local land development and anecdotic evidence suggests that ‘homevoters’ indeed actively support restrictive measures. Yet, US metro area level homeownership rates are strongly negatively related to corresponding measures of the restrictiveness...
Persistent link: https://www.econbiz.de/10010745559
Office space in Britain is the most expensive in the world and regulatory constraints are the obvious explanation. We estimate the ‘regulatory tax’ for 14 British office locations from 1961 to 2005. These are orders of magnitude greater than estimates for Manhattan condominiums or office...
Persistent link: https://www.econbiz.de/10010745655
Office space in Britain is the most expensive in the world and regulatory constraints are the obvious explanation. We estimate the ‘regulatory tax’ for 14 British office locations from 1961 to 2005. These are orders of magnitude greater than estimates for Manhattan condominiums or office...
Persistent link: https://www.econbiz.de/10010745742
Britain’s land use regulation (planning) system imposes very tight restrictions on the supply of office space so creating substantial rents. An unmeasured part of the costs associated with these restrictions likely comes from compliance costs, one form of which could be rent-seeking activity...
Persistent link: https://www.econbiz.de/10011125889
The paper analyses the implications of landowners’ option values in land allocation and derives policy recommendations for payments for Reducing Emissions from Deforestation and Forest Degradation (REDD). Given that REDD will not represent a permanent change in the cumulative flux of carbon...
Persistent link: https://www.econbiz.de/10010746548
The concept of autonomous adaptation is widely used to describe spontaneous acts of reducing risks posed by resource … scarcity is linked to adaptive responses including livelihood diversification. The paper argues that autonomous adaptation is … driven by how environmental change and scarcity present livelihood risks, rather than physical risks alone. Adaptation …
Persistent link: https://www.econbiz.de/10011126259
National-level strategies for reducing emissions from deforestation and degradation (REDD), financed by international transfers, have begun to emerge. A three-sector model is developed to explore the economy-wide effects of two policies implemented by a government participating in REDD that...
Persistent link: https://www.econbiz.de/10011257686