In 1971, The Quiet Revolution in Land Use Control inspired numerous scholarly debates about the states’ role in land use regulation. In that book, Fred Bosselman and David Callies recognized [...]
I process satellite-generated data on terrain elevation and presence of water bodies to precisely estimate the amount of developable land in U.S. metropolitan areas. The data show that residential development [...]
We calculate the costs and benefits of the largest ever U.S. Government intervention in the financial sector announced the 2008 Columbus-day weekend. We estimate that this intervention increased the value [...]
The “evolution” in the title pulls together three themes in this essay. One is an assessment of where the practice of zoning has gone since I published my first book, [...]
Recent research has suggested that the reduction of entry regulation can promote firm entry and job creation, but little is known about the quality of firms and jobs created through [...]
The banking legislation of the 1930s took very little time to pass, was unusually comprehensive, and unusually responsive to public opinion. Ironically, the primary motivations for the main bank regulatory [...]
Occupational licensing is among the fastest-growing labor market institutions in the U.S. economy. One of the key features of occupational licensing is that the law determines who gets to do [...]
This paper investigates the role of hedonic model misspecification through inappropriate geographic aggregation in the debate over the effects of housing regulation...This modeling strategy better represents micro-market realities and the [...]
The paper studies how high leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase [...]
Several possible explanations have been suggested for this untoward state of affairs--the lack of servicer capacity to execute modifications, purported financial incentives for servicers to foreclose rather than modify, what [...]