How should urban containment and the diversion of households to nearby residential areas be evaluated from a welfare economic perspective? Assuming the existence of a negative externality of city size, we develop a concise general equilibrium model for a mother city and a satellite. This...

This paper aims to quantify the municipal tax revenue effects of built-up area increases. The assumed existence of these effects is one of the key reasons for ongoing land consumption on the side of the municipalities. Some previous case studies however suggested that these effects might be not...

For a monocentric city with traffic congestion, Wheaton [W. C. Wheaton, Land Use and Density in Cities with Congestion, Journal of Urban Economics, 43 (1998) 258-272] describes that, to optimize the congestion externality, lot size zoning requires upward adjustment to the market population...

As the distribution of income is the central focus of Islamic economics, the nature and contribution made by different factors of production, their ownership, and rewards must be revisited in light of the guiding principles of Islam. This paper attempts to set a land reform agenda for an Islamic...

Arguably the biggest obstacle to the realisation of India's urbanisation goals is the acute shortage of affordable housing. On an economy-wide scale, there is also growing evidence of inflated housing prices contributing to social and macro-economic problems.Since the quantity of land available...

In a continuous city with three distinct land use zones consisting of firms, condominiums and detached houses, we derive the formulae – composed entirely of observable variables – which design simultaneous optimization of regulations on building size, lot size and zonal boundaries under the...

This critical analysis contributes to a better understanding of urban land values by unifying the real option and redevelopment decision literatures within a broader context of real estate valuation. By combining these heretofore disparate literatures in this way, both academics and practioners...

Identifying which areas of a municipality are experiencing redevelopment, zoning changes, land assembly, and land subdivision is of great interest to many real estate professionals. Despite this interest, finding out where this activity is occurring across a large municipality can be quite...

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...

This article argues that New York municipalities should integrate land banks into the tax enforcement process to break the unhealthy cycle perpetuated by real estate and lien speculators. By transferring all tax liens and foreclosed properties to local land banks, municipalities can generate an...