Kopits, Elizabeth; McConnell, Virginia; Walls, Margaret - In: Land Economics 84 (2008) 1
This paper estimates developers’ demand for Transferable Development Rights (TDRs) in one of the few long-standing active TDR programs in the country, Calvert County, Maryland. We find that baseline zoning is a critical determinant of TDR use—demand is lower in the relatively high-density...