McConnell, Virginia; Walls, Margaret - In: Review of Environmental Economics and Policy 3 (2009) 2, pp. 288-303
To address the externalities that arise from local land uses, some communities in the United States have turned to Transferable Development Rights (TDRs) as a promising policy tool. TDRs separate the right to develop from the land itself, and create a market that allows those rights to be...
