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The Transition of Land to Urban Use Author info | Abstract | Publisher info | Download info | Related research | Statistics Richard Arnott
Frank D. Lewis
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This paper investigates the economics of the transition of land from rural to urban use. A simple model examines the developer's problem: when and at what density should vacant land be developed to maximize the present value of land. Simple rules emerge relating the timing and density of new development. The timing rules are similar to those of Shoup; however, unlike Shoup, we express them in terms of market observables. In latter half of the paper, the rules are tested against recent Canadian experience and perform well.
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Paper provided by Queen's University, Department of Economics in its series Working Papers with number
267.
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Length: 16
Date of creation: 1977Date of revision:
Handle: RePEc:qed:wpaper:267Contact details of provider: Postal: Kingston, Ontario, K7L 3N6 Phone: (613) 533-2250 Fax: (613) 533-6668 Email: Web page: http://www.econ.queensu.ca/ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Mark Babcock).
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Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)Richard Arnott & Petia Petrova, 2002.
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Jack Ochs & S.K. Han, 2006.
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