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Inclusionary Zoning in a Monocentric City

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  • Lehe, Lewis

Abstract

To show how inclusionary zoning alters development, the author finds the most profitable housing design to build on vacant lots at each location in a monocentric city under different regulatory regimes. Section 1 sets up the model by specifying renter's preferences, geography and building parameters. Section 2 solves the developer's profit-maximization problem at each location under each regime. Finally, in Section 3, a numerical simulation confirms the effects predicted by theory and gives a picture of their magnitude.

Suggested Citation

  • Lehe, Lewis, 2014. "Inclusionary Zoning in a Monocentric City," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt6qp1j5bj, Institute of Transportation Studies, UC Berkeley.
    • Handle: RePEc:cdl:itsrrp:qt6qp1j5bj
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    References listed on IDEAS

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    1. Fujita,Masahisa, 1991. "Urban Economic Theory," Cambridge Books, Cambridge University Press, number 9780521396455.
    2. Jeffrey I. Rubin & Joseph J. Seneca & Janet G. Stotsky, 1990. "Affordable Housing and Municipal Choice," Land Economics, University of Wisconsin Press, vol. 66(3), pages 325-340.
    3. Brueckner, Jan K., 1987. "The structure of urban equilibria: A unified treatment of the muth-mills model," Handbook of Regional and Urban Economics, in: E. S. Mills (ed.), Handbook of Regional and Urban Economics, edition 1, volume 2, chapter 20, pages 821-845, Elsevier.
    4. Jenny Schuetz & Rachel Meltzer & Vicki Been, 2009. "Silver Bullet or Trojan Horse? The Effects of Inclusionary Zoning on Local Housing Markets," Working Paper 8519, USC Lusk Center for Real Estate.
    5. 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.
    6. John M. Clapp, 1981. "The Impact of Inclusionary Zoning on the Location and Type of Construction Activity," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 9(4), pages 436-456, December.
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    Keywords

    Social and Behavioral Sciences; Zoning; Regulation; Housing costs; Price controls; Affordability;
    All these keywords.

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