Interjurisdictional Price Effects of Land Use Controls

Abstract

Empirical economic literature has focused on the externality effects of land use controls. However, if the open-city model does not hold, regulations may have monopoly price effects as well. This Article examines whether the increasing price of developable land sites contributes to regionally based housing affordability problems.

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Land use

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Susan M. Wachter (University of Pennsylvania)
Man Cho (World Bank)

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