The emergence of urban-rural space, as evidenced by the expansion of low-density exurban areas and growth of amenity-based rural areas, is characterized by the merging of a rural landscape form with urban economic function. Changing economic conditions, including waning transportation and...

We investigate whether residential development patterns from a rapidly growing exurban area are consistent with the urban economic model's predictions of leapfrog and infill development. Using historical data on subdivision development from 1960-2005 in the Baltimore, Maryland region, we develop...

Variation in regulatory costs over time and across different types of investment projects creates risk for developers who hold land. These so-called implicit costs, which arise as a result of regulatory delay in the land development process, are hypothesized to be potentially large, but...

Variation in regulatory costs over time and across different types of investment projects creates risk for developers who hold land. These so-called implicit costs, which arise as a result of regulatory delay in the land development process, are hypothesized to be potentially large, but...

The traditional urban economic model explains leapfrog development as the result of intertemporal optimization by landowners who maximize expected net returns by developing land that is farther from the city in earlier time periods and developing land that is closer to the city in a...

Using data from a conjoint instru- The public’s increased demand for farmment, we estimate compensating variation for the land preservation has coincided with the presence of neighboring land that is dedicated to expansion of urban areas into once agriculagricultural use (versus developed...