Reputation in land development markets
This article incorporates a political decision process into an urban land use model to predict the likely location of a public good. It fills an important gap in the literature [...]
The Adoption of Growth Controls in Suburban Communities
This study analyzes the adoption of growth controls in suburban municipalities. It combines data from census materials with a 1973 questionnaire survey of city planning officials concerning local growth control [...]
Housing Policy in New York: Myth and Reality
The developer must also comply with zoning requirements, which are generally designed to protect property values by excluding "undesirable" projects. The objections are legion. "The height limit has been exceeded," [...]
Land Use Reform Through Performance Zoning
In short, it is time to discard the tired baggage of conventional zoning and start afresh with a new approach to land-use policy. What is needed are land-use policies that [...]
The stochastic city
This paper analyzes a simple model of an urban area with growth and uncertainty...Even though investors are risk neutral, uncertainty affects both land rents and land prices in equilibrium because [...]
Interjurisdictional Price Effects of Land Use Controls
Local land use regulations have been justified on the ground that local governments are authorized to exercise police power to protect the public health, safety, and welfare of their residents [...]
The Origins of Banking Panics: Models, Facts, and Bank Regulation
Empirical research has demonstrated the importance of such institutional structures as branch bank laws, bank cooperation arrangements, and formal clearing houses, for the probability of panic and for the resolution [...]
The Impact of State Land-Use Controls on Residential Land Values
In this paper, we examine the effects of state land-use controls on the aggregate demand and supply of residential land. Previous studies have examined the effect of land-use regulation on [...]
Growth controls: policy analysis for the second generation
The 1970s spawned a ‘first generation’ of growth controls which featured explicit (or implicit) restrictions on residential housing construction. These restrictions were typically implemented in small, affluent, and predominantly white [...]
Impact fees, exclusionary zoning, and the density of new development
The increasing use of impact fees represents a new trend in local fiscal policy which can have important effects on real estate markets. The ramifications for economic efficiency as well [...]