Equilibrium of the housing market depends on a complex set of interactions between: (1) individual location decisions; (2) individual housing investment; (3) collective decisions on urban growth. We embed these [...]
Increasing awareness about the problems brought on by urban sprawl has led to proactive measures to guide future development. Such efforts have largely been grouped under the term, Smart Growth. [...]
This paper examines the role of local housing market conditions for social capital accumulation and neighborhood club good provision. A model of individual investment decisions predicts that in a setting [...]
This paper contrasts the intergovernmental structures and development goals of state growth programs initiated since 1970 in thirteen states. Many of these state and nonlocal growth management strategies seek to [...]
A new survey of over 2000 jurisdictions across all major housing markets in the US documents how regulation of residential building varies across space. New evidence on what a `typical' [...]
Public opposition is determined by the political climate of a given city and how reactive residents are to certain types of development and taxation. Truth-in-Taxation has played a large role [...]
Office space in Britain is the most expensive in the world and regulatory constraints are the obvious explanation. We estimate the ‘regulatory tax’ for 14 British and 8 continental European [...]
Using data compiled from concentrated residential urban revitalization programs implemented in Richmond, VA, between 1999 and 2004, we study residential externalities. Specifically, we provide evidence that in neighborhoods targeted by [...]
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 are interpreted as shadow [...]
When planners make housing unaffordable, their first response is to impose “affordability mandates” on builders. Typically, such regulations require builders to sell 15 to 20 percent of their homes below [...]