Land-use regulations can lower real estate prices by imposing costs on property owners, but may raise prices by restricting supply and generating amenities. We study the effects of the California Coastal Act, one of the nation's most stringent land-use regulations, on prices and rents for...

A comprehensive literature tests the effects of land use regulation on housing supply. Most empirical studies find that regulation increases prices and decreases construction levels. Several papers also find a negative relation between regulation intensity and price elasticity of supply....

Land use policy is administered at the local level in the U.S. However, many of the benefits and costs have broader spatial impacts. Thus, a lack of coordination across local jurisdictions may lead to unintended spillovers. Using historical data from the Baltimore, Maryland metro, we examine the...

Spatial equilibrium in housing markets implies that distant factors are correlated with prices in specific (focal) neighborhoods through market mechanisms. Using this logic, we develop a novel approach for handling price endogeneity in a reduced-form land use model. We combine a control function...

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...

Biologically important but dangerous wildlife creatures encroach into cities, which causes human-wildlife conflicts. To explore the effect of the encroachment of wildlife into cities on equilibrium land use and its efficiency, we develop an equilibrium theory of land used for humans and wildlife...

This paper develops a new approach for measuring the stringency of a major form of land-use regulation, building-height restrictions, and it applies the method to an extraordinary dataset of land-lease transactions from China. Our theory shows that the elasticity of land price with respect to...

Urban agriculture is a nature-based solution recommended for the regeneration and adaptation of urban areas to climate change, in consonance with the European Green Deal. Nevertheless, for the development of urban agriculture, the availability, access and usability of cultivable land in urban...