Measuring the costs of height restrictions with a general equilibrium model
AbstractThis 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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Bibliographic InfoArticle provided by Elsevier in its journal Regional Science and Urban Economics.
Volume (Year): 7 (1977)
Issue (Month): 4 (November)
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Other versions of this item:
- Richard Arnott & James G. MacKinnon, 1976. "Measuring the Costs of Height Restrictions with a General Equilibrium Model," Working Papers 242, Queen's University, Department of Economics.
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- 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.
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- 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.
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