In recent decades, we observe brisk growth of ground lease-based land use systems, such as shopping centers and malls, and Common Interest Developments in retail and residential real estate, respectively. I argue that the ground lease system is an efficient response to the hold-up problem in...

In recent decades, we observe brisk growth of ground lease-based land use systems, such as shopping centers and malls, and Common Interest Developments in retail and residential real estate, respectively. I argue that the ground lease system is an efficient response to the hold-up problem in...

By extending the incomplete contract model to the provision of local collective goods, this paper formally analyzes the political hold-up problem between landowner and collective goods provider in urban land use. The model focuses on three-party contractual relationship and analyzes the impact...

By extending the incomplete contract model to the provision of local collective goods, this paper formally analyzes the political hold-up problem between landowner and collective goods provider in urban land use. The model focuses on three-party contractual relationship and analyzes the impact...

Infolge der Regionalisierung von Wirtschafts- und Strukturpolitik entstehen entweder vollkommen neue Institutionen (horizontale Regionalisierung) oder Institutionen mit neuen Kompetenzen (vertikale Regionalisierung). Der Erfolg einer Regionalisierungspolitik läßt sich am Grad der...

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...

While central governments encourage intermunicipal cooperation to achieve economies of scale, municipalities are often reluctant to integrate. This paper provides new evidence on the factors explaining their resistance by exploiting a 2010 reform in France that forced non-integrated...

We study the role of political parties as facilitators of intergovernmental cooperation regarding the development of coastal land. Slowing down this development has benefits (e.g., preservation of environmental amenities) and costs (e.g., job losses), not only for residents in the political...

Infolge der Regionalisierung von Wirtschafts- und Strukturpolitik entstehen entweder vollkommen neue Institutionen (horizontale Regionalisierung) oder Institutionen mit neuen Kompetenzen (vertikale Regionalisierung). Der Erfolg einer Regionalisierungspolitik läßt sich am Grad der...

Zoning is the regulation of the use of land by local government. Although it is the most jealously guarded municipal power, zoning is not a static institution. I demonstrate this by reviewing several "top down" attempts to reform zoning in the last three decades. Examples are the affordable...