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Our central concern in this paper is to examine some alternative policies for physically containing the growth of urban areas. We undertake a microsimulation to provide a comparison between land use planning policies that enforce an urban growth boundary and policies that limit development at...
Persistent link: https://www.econbiz.de/10008520353
There has been a growing literature in both the US (for example Haurin and Brasington 1996, and Black 1999) and the UK (for example Gibbons & Machin, 2003) that estimates the way in which school quality is capitalised into house prices. Cheshire and Sheppard 1995 and 1999 estimated hedonic...
Persistent link: https://www.econbiz.de/10008520357
There has been a growing literature in both the US (for example Haurin and Brasington 1996, and Black 1999) and the UK (for example Gibbons & Machin, 2001) that estimates the way in which school quality is capitalised into house prices. Cheshire and Sheppard 1995 and 1999 have estimated hedonic...
Persistent link: https://www.econbiz.de/10011314579
Although directed to the British system of land use planning this paper has relevance for many OECD countries. The paper starts by characterising the basic features of planning systems which seek to impose 'growth boundaries' as has been the case in Britain since 1947. In contrast to the...
Persistent link: https://www.econbiz.de/10011324399
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Although directed to the British system of Town and Country Planning this paper has relevance for many OECD countries, including some with systems of land use regulation which evolved entirely independently of the British. The paper starts by characterising the basic features of the British land...
Persistent link: https://www.econbiz.de/10005407858
Dick Netzer, a leading public finance economist specializing in state and local issues and urban government, brings together in this comprehensive volume essays by top scholars connecting the property tax with land use. They explore the idea that the property tax is used as a partial substitute...
Persistent link: https://www.econbiz.de/10011159386
There is evidence that the implementation of the planning system creates 'scarcity rents' for land in different uses by acting as a constraint on land supply. This paper provides, for 1984, estimates of the effects this has on house prices, on residential densities and on access to owner...
Persistent link: https://www.econbiz.de/10010886424