This study provides a method to measure the stringency of land use regulations with a focus on the divergence between building stories with and without height regulation. To identify this divergence, this study first provides a dynamic discrete choice model of housing floor space supply and...

The main purpose of this study is to examine the potential impacts of the past and future land use/cover (LUC) changes on the ecosystem services of Baguio city, the Philippines, and discuss their implications for policy development and implementation. Remote sensing-derived LUC maps for 1988,...

This article explores the nature of China’s land-use rights system, its evolution and impact on resource allocation and local governments’ public finances. In recent decades, the public ownership of land has not hindered the development of a thriving market economy. Since the inception of...

The purpose of this chapter is to survey recent research on housing markets and policy in what used to be called the “second” and “third” worlds. We adopt the labels “transition” economies to refer to countries as disparate as Russia and Vietnam, and “developing” to refer to...

We provide an integrated treatment of the theoretical literature on urban land use inspired by the monocentric model, including extensions that deal with multiple endogenous business centers, various dimensions of heterogeneity, and durable housing. After presenting the theory and distilling its...

Proper land-use policy can help mitigate damages from natural disasters. Management of such policy occurs at different geographic levels, with potential implications for optimal management given the level of aggregation. This study examines this by quantifying the effects of land-use change on...

This paper charts the diverging responses of different real estate sectors to the COVID-19 pandemic—and the implications for the spatial allocation of activity across metropolitan areas. Using local data from both Austin and Los Angeles, it documents sustained shifts in rents and vacancy rates...

China's land market features a substantial industrial discount: industrial-zoned land is an order of magnitude cheaper than residential land. In contrast to explanations centered on subsidies to industry or promoting industry growth, we emphasize the importance of future tax revenues from the...