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Measuring the costs of height restrictions with a general equilibrium model

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  • Arnott, Richard J.
  • MacKinnon, James G.

Abstract

This paper investigates the costs of residential height restrictions, using a numerically solvable general equilibrium model based on residential location theory. Time and money costs of travel are treated separately. Household demand recreational land and structure and actual construction cost data are used in an activity analysis formulation of the supply side of the housing market. There are two major conclusions. First, households' demand for recreational land is significant; ignoring it results in simulated cities considerably smaller and denser than is observed. Second, residential height restrictions merit serious consideration since their costs appear to be quite modest.
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  • Arnott, Richard J. & MacKinnon, James G., 1977. "Measuring the costs of height restrictions with a general equilibrium model," Regional Science and Urban Economics, Elsevier, vol. 7(4), pages 359-375, November.
    • Handle: RePEc:eee:regeco:v:7:y:1977:i:4:p:359-375
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    1. Joshi, Kirti Kusum & Kono, Tatsuhito, 2009. "Optimization of floor area ratio regulation in a growing city," Regional Science and Urban Economics, Elsevier, vol. 39(4), pages 502-511, July.
    2. Tikoudis, Ioannis & Verhoef, Erik T. & van Ommeren, Jos N., 2018. "Second-best urban tolls in a monocentric city with housing market regulations," Transportation Research Part B: Methodological, Elsevier, vol. 117(PA), pages 342-359.
    3. Hans-Jürg Büttler, 1981. "Equilibrium of a Residential City, Attributes of Housing, and Land-Use Zoning," Urban Studies, Urban Studies Journal Limited, vol. 18(1), pages 23-39, February.
    4. Gobillon, Laurent & le Blanc, David, 2008. "Economic effects of upfront subsidies to ownership: The case of the Prêt à Taux Zéro in France," Journal of Housing Economics, Elsevier, vol. 17(1), pages 1-33, March.
    5. Li, Jiewei & Lu, Ming & Lu, Tianyi, 2022. "Constructing compact cities: How urban regeneration can enhance growth and relieve congestion," Economic Modelling, Elsevier, vol. 113(C).
    6. Yoshida, Jun & Kono, Tatsuhito, 2022. "Cities and biodiversity: Spatial efficiency of land use," Journal of Economic Behavior & Organization, Elsevier, vol. 197(C), pages 685-705.
    7. Marin Geshkov, 2015. "Urban Sprawl in Eastern Europe. The Sofia City Example," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 101-116, April.
    8. Brueckner, Jan K. & Sridhar, Kala Seetharam, 2012. "Measuring welfare gains from relaxation of land-use restrictions: The case of India's building-height limits," Regional Science and Urban Economics, Elsevier, vol. 42(6), pages 1061-1067.
    9. 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.
    10. Mariano Kulish & Anthony Richards & Christian Gillitzer, 2012. "Urban Structure and Housing Prices: Some Evidence from Australian Cities," The Economic Record, The Economic Society of Australia, vol. 88(282), pages 303-322, September.
    11. Yoshida, Jun & Kono, Tatsuhito, 2020. "Land use policies considering a natural ecosystem," Regional Science and Urban Economics, Elsevier, vol. 83(C).
    12. Tian, Yingying & Zhou, Dingyang & Jiang, Guanghui, 2021. "A new quality management system of admittance indicators to improve industrial land use efficiency in the Beijing−Tianjin−Hebei region," Land Use Policy, Elsevier, vol. 107(C).
    13. Brueckner, Jan K. & Lai, Fu-Chuan, 1996. "Urban growth controls with resident landowners," Regional Science and Urban Economics, Elsevier, vol. 26(2), pages 125-143, April.
    14. Keaton Jenner & Peter Tulip, 2020. "The Apartment Shortage," RBA Research Discussion Papers rdp2020-04, Reserve Bank of Australia.
    15. Hans R. A. Koster & Piet Rietveld & Jos N. van Ommerren, 2011. "Is the Sky the Limit? An Analysis of High-Rise Office Buildings," SERC Discussion Papers 0086, Centre for Economic Performance, LSE.
    16. Bertaud, Alain & Brueckner, Jan K., 2005. "Analyzing building-height restrictions: predicted impacts and welfare costs," Regional Science and Urban Economics, Elsevier, vol. 35(2), pages 109-125, March.
    17. Bertaud, Alain & Brueckner, Jan K., 2004. "Analyzing building height restrictions - predicted impacts, welfare costs, and a case study of Bangalore, India," Policy Research Working Paper Series 3290, The World Bank.
    18. Marin V. Geshkov & Joseph S. DeSalvo, 2012. "The Effect Of Land-Use Controls On The Spatial Size Of U.S. Urbanized Areas," Journal of Regional Science, Wiley Blackwell, vol. 52(4), pages 648-675, October.
    19. Tatsuhito Kono & Takayuki Kaneko & Hisa Morisugi, 2010. "Necessity of minimum floor area ratio regulation: a second-best policy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 44(3), pages 523-539, June.
    20. Yidi Wang & Ying Fan & Zan Yang, 2022. "Challenges, Experience, and Prospects of Urban Renewal in High-Density Cities: A Review for Hong Kong," Land, MDPI, vol. 11(12), pages 1-20, December.
    21. Tideman, Nicolaus & Plassmann, Florenz, 2018. "The effects of changes in land value on the value of buildings," Regional Science and Urban Economics, Elsevier, vol. 69(C), pages 69-76.
    22. Tatsuhito Kono & Hiroya Kawaguchi, 2017. "Cordon Pricing and Land‐Use Regulation," Scandinavian Journal of Economics, Wiley Blackwell, vol. 119(2), pages 405-434, April.
    23. Kono, Tatsuhito & Joshi, Kirti Kusum & Kato, Takeaki & Yokoi, Takahisa, 2012. "Optimal regulation on building size and city boundary: An effective second-best remedy for traffic congestion externality," Regional Science and Urban Economics, Elsevier, vol. 42(4), pages 619-630.

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