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," [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
This study proposes, and finds evidence supporting, the hypothesis that restrictive residential land-use and minimum lot-size zoning are substitute ways of controlling the population intensity of future residential development. In [...]
To explain the large differences in labor productivity across U.S. states we estimate two models--one based on local geographical externalities and the other on the diversity of local intermediate services--where [...]
The problems of public housing and related subsidy programs are less the result of poor maintenance and design than a fundamental misunderstanding of the role which housing plays in social [...]