Heterogeneous Developers, Spatial Interactions, and Land Development Outcomes under Uncertainty
AbstractLand development is a central topic in environmental, resource, urban and regional economics, yet our empirical knowledge of people behind land development, the developers, and the supply of urban land is limited. In response I develop a model of exurban land developers to test the spatial interactions of heterogeneous developers in exurban areas. Using estimation techniques that identify a parameter isolate the spatial competition and interaction effect I am able to determine the effects of developer behavior. I find significant evidence of land developers competing spatially as they locate across an exurban county.
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Bibliographic InfoPaper provided by Agricultural and Applied Economics Association in its series 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington with number 124932.
Date of creation: 2012
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Land Developer; Housing supply; Exurban development; Community/Rural/Urban Development; Land Economics/Use;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-06-25 (All new papers)
- NEP-GEO-2012-06-25 (Economic Geography)
- NEP-URE-2012-06-25 (Urban & Real Estate Economics)
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