Turner, Matthew A.; Haughwout, Andrew; Klaauw, Wilbert … - In: Econometrica 82 (2014) 4, pp. 1341-1403
We evaluate the effect of land use regulation on the value of land and on welfare. Our estimates are based on a decomposition of the effects of regulation into three components: an own‐lot effect, which reflects the cost of regulatory constraints to the owner of a parcel; an external effect,...