"This book discusses the various scenarios in which real estate appraisers and other market participants need to determine the market value of land. After first reviewing the importance of market analysis and the traditional ways of valuing land, this book explores more advanced issues and...

We provide estimates of the impact of restrictive residential land use environments on the price of land across major American housing markets. Using micro data on vacant land purchased to develop single family housing, we implement a new empirical strategy for estimating so-called 'zoning...

We model residential land use constraints as the outcome of a political economy game between owners of developed and owners of undeveloped land. Land use constraints benefit the former group via increasing property prices but hurt the latter via increasing development costs. In this setting,...