Transit-oriented development around Metrorail stations on both private and public land has direct benefit to Metro. Specifically, the greater the density and walkability of development near and around transit, the [...]
Comprehensive zoning is ubiquitous in U.S. cities, yet we know surprisingly little about its long-run impacts. We provide the first attempt to measure the causal effect of land use regulation [...]
This paper presents new evidence on house price determination and the extent to which house prices are set in an efficient asset market. It begins by sketching three nonexclusive explanations [...]
Home prices in regions with inelastic supply should be expected to rise more rapidly in response to growing demand than prices in regions with elastic supply. And it seems quite [...]
Should the national government undertake policies aimed at strengthening the economies of particular localities or regions? Agglomeration economies and human capital spillovers suggest that such policies could enhance welfare. However, [...]
Wolfe wrote in the Village Voice that “to take their theory to its logical conclusion would be to develop Central Park. . . . When you consider the thousands and [...]
Housing regulations are ancient and often motivated by obvious risks. Boston banned thatched roofs in 1630, the year of the city's founding, in the wake of an urban fire. New [...]
Local land use and growth controls have had a substantial negative impact on the San Francisco Bay Area housing market. These regulations have significantly diminished the availability of development opportunities [...]
This article also contributes to our understanding of growth management policy. Much of the research on growth management has focused primarily on the state level and has assumed that municipalities [...]
In 1973, the Oregon Legislature adopted Senate Bill 100, creating Oregon’s unique and controversial statewide, centralized land-use system. The impact for Oregon property owners, particularly those in rural areas, was [...]