Zoning and the Distribution of Location Rents: An Empirical Analysis of Harris County, Texas
AbstractThe Coase theorem presents two criteria for evaluating regulation: regulations efficiency relative to private solutions and how the regulation affects the distribution of wealth. Previous studies of the impact of municipal zoning have focused on Coase’s first criteria: whether zoning raises land values overall. This study estimates the transfer of wealth between owners of existing homes that results from the creation of a municipal zoning ordinance. We find that property best suited to residential use gains in value while property with relatively higher potential as commercial property experiences a decline in the value. We find that zoning is distributive.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 78 (2002)
Issue (Month): 1 ()
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Web page: http://le.uwpress.org/
Other versions of this item:
- Jeremy Groves & Eric Helland, . "Zoning and the Distribution of Locational Rents: An Empirical Analysis of Harris County Texas," Claremont Colleges Working Papers 2000-15, Claremont Colleges.
- R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations
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