This paper uses a traditional, static view of zoning to illustrate the costly, rent-seeking behavior that results from zoning. A simple graphical model is developed and used to illustrate the size of rent-seeking costs when various levels of development are permitted and when different schemes...

This paper suggests that, while medieval cathedrals served many purposes and, indeed, were some of the greatest technical achievements of their time, they served a rational economic purpose as well. Protestant entry into the market for Christian religion finally materialized in the early...