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On the origins of land use regulations: theory and evidence from US metro areas

Hilber, Christian A. L. and Robert-Nicoud, Frédéric (2009) On the origins of land use regulations: theory and evidence from US metro areas. CEP Discussion Paper, No. 964. Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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Abstract

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 benefit the former group (via increasing property prices) but hurt the latter (via increasing development costs). More desirable locations are more developed and, as a consequence of political economy forces, more regulated. Using an IV approach that directly follows from our model we find strong and robust support for our predictions. The data provide weak or no support for alternative hypotheses whereby regulations reflect the wishes of the majority of households or efficiency motives.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk/
Additional Information: © 2009 The Authors
Library of Congress subject classification: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
E History America > E151 United States (General)
Journal of Economic Literature Classification System: R - Urban, Rural, and Regional Economics > R5 - Regional Government Analysis > R52 - Land Use and Other Regulations
H - Public Economics > H7 - State and Local Government; Intergovernmental Relations
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q1 - Agriculture > Q15 - Land Ownership and Tenure; Land Reform; Land Use; Irrigation
Sets: Departments > Geography and Environment
Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: No. 964
Date Deposited: 16 Jul 2010 15:33
URL: http://eprints.lse.ac.uk/28702/

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