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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
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
Persistent link: https://www.econbiz.de/10010626744
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
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
Despite the pervasive nature of land use planning and land use regulation, evaluation of the costs and benefits of these policies has received only limited attention. This paper presents an empirical methodology, based on clear microeconomic foundations, for the evaluation of benefits and costs...
Persistent link: https://www.econbiz.de/10005556251
Persistent link: https://www.econbiz.de/10005486258
This paper provides estimates of the structure of demand for individual housing and neighborhood characteristics and for land in two British cities. The authors estimate a hedonic price function, and from this obtain the implicit prices of house attributes. These prices are used to estimate a...
Persistent link: https://www.econbiz.de/10005276504