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The welfare economics of land use planning

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  • Cheshire, Paul
  • Sheppard, Stephen

Abstract

This paper presents an empirical methodology for the evaluation of the beneÞts and costs of land use planning. The technique is applied in the context of the Town and Country Planning System of the UK, and examines the gross and net beneÞts of land use regulation and their distribution across income groups. The results show that the welfare and distributional impacts can be large.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Urban Economics.

Volume (Year): 52 (2002)
Issue (Month): 2 (September)
Pages: 242-269

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Handle: RePEc:eee:juecon:v:52:y:2002:i:2:p:242-269

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Web page: http://www.elsevier.com/locate/inca/622905

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  1. Son, Jae-Young & Kim, Kyung-Hwan, 1998. "Analysis of Urban Land Shortages: The Case of Korean Cities," Journal of Urban Economics, Elsevier, vol. 43(3), pages 362-384, May.
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  5. G Bramley, 1993. "Land-use planning and the housing market in Britain: the impact on housebuilding and house prices," Environment and Planning A, Pion Ltd, London, vol. 25(7), pages 1021-1051, July.
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  7. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-26, June.
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  9. Cheshire, Paul & Sheppard, Stephen, 1995. "On the Price of Land and the Value of Amenities," Economica, London School of Economics and Political Science, vol. 62(246), pages 247-67, May.
  10. Brueckner, Jan K., 1995. "Strategic control of growth in a system of cities," Journal of Public Economics, Elsevier, vol. 57(3), pages 393-416, July.
  11. Murray, Michael P., 1983. "Mythical demands and mythical supplies for proper estimation of Rosen's hedonic price model," Journal of Urban Economics, Elsevier, vol. 14(3), pages 327-337, November.
  12. Hazilla, Michael & Kopp, Raymond J, 1990. "Social Cost of Environmental Quality Regulations: A General Equilibrium Analysis," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 853-73, August.
  13. Epple, Dennis, 1987. "Hedonic Prices and Implicit Markets: Estimating Demand and Supply Functions for Differentiated Products," Journal of Political Economy, University of Chicago Press, vol. 95(1), pages 59-80, February.
  14. McConnell, K. E. & Phipps, T. T., 1987. "Identification of preference parameters in hedonic models: Consumer demands with nonlinear budgets," Journal of Urban Economics, Elsevier, vol. 22(1), pages 35-52, July.
  15. Epple, Dennis & Romer, Thomas & Filimon, Radu, 1988. "Community development with endogenous land use controls," Journal of Public Economics, Elsevier, vol. 35(2), pages 133-162, March.
  16. Sheppard, Stephen, 1988. "The qualitative economics of development control," Journal of Urban Economics, Elsevier, vol. 24(3), pages 310-330, November.
  17. J. Phillips & E. Goodstein, 2000. "Growth management and housing prices: the case of Portland, Oregon," Contemporary Economic Policy, Western Economic Association International, vol. 18(3), pages 334-344, 07.
  18. Jan K. Brueckner, 1990. "Growth Controls and Land Values in an Open City," Land Economics, University of Wisconsin Press, vol. 66(3), pages 237-248.
  19. Jackson, Jerry R. & Johnson, Ruth C. & Kaserman, David L., 1984. "The measurement of land prices and the elasticity of substitution in housing production," Journal of Urban Economics, Elsevier, vol. 16(1), pages 1-12, July.
  20. Cheshire, Paul & Sheppard, Stephen, 1998. "Estimating the Demand for Housing, Land, and Neighbourhood Characteristics," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 60(3), pages 357-82, August.
  21. Freeman, A Myrick, III, 1979. " Hedonic Prices, Property Values and Measuring Environmental Benefits: A Survey of the Issues," Scandinavian Journal of Economics, Wiley Blackwell, vol. 81(2), pages 154-73.
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