The environmental protection authority as a monopoly
AbstractSmall jurisdictions vie for economic development by relaxing pollution controls. This can cause damaging spillovers. Many policy analysts recommend replacing the small jurisdictions with a single authority that taxes development. But as the sole producer of development rights to a unique area, the authority will permit less development than is Pareto- efficient. Whether it can sustain monopoly power depends upon the form of its tax on development. Periodic taxes (such as annual property taxes) will sustain market power longer than will onetime taxes (such as those on transfer of ownership). Rather than create a monopoly, one can create an authority that taxes small jurisdictions for spillovers but otherwise lets them compete
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by EconWPA in its series Public Economics with number 9810007.
Date of creation: 20 Oct 1998
Date of revision:
Note: Type of Document - LaTex; prepared on IBM PC ; to print on HP;
Contact details of provider:
Web page: http://126.96.36.199
land use; environmental protection;
Find related papers by JEL classification:
- R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations
This paper has been announced in the following NEP Reports:
- NEP-ALL-1998-12-09 (All new papers)
- NEP-CDM-1998-12-09 (Collective Decision-Making)
- NEP-ENV-1998-12-09 (Environmental Economics)
- NEP-PUB-1998-12-09 (Public Finance)
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.:
- W. Patrick Beaton, 1991. "The Impact of Regional Land-Use Controls on Property Values: The Case of the New Jersey Pinelands," Land Economics, University of Wisconsin Press, vol. 67(2), pages 172-194.
- Coase, Ronald H, 1972. "Durability and Monopoly," Journal of Law and Economics, University of Chicago Press, vol. 15(1), pages 143-49, April.
- Brito, Dagobert L & Oakland, William H, 1980. "On the Monopolistic Provision of Excludable Public Goods," American Economic Review, American Economic Association, vol. 70(4), pages 691-704, September.
- Parsons, George R., 1992. "The effect of coastal land use restrictions on housing prices: A repeat sale analysis," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 25-37, January.
- Frech, H. III & Lafferty, Ronald N., 1984. "The effect of the California Coastal Commission on housing prices," Journal of Urban Economics, Elsevier, vol. 16(1), pages 105-123, July.
- Hanushek, Eric A & Quigley, John M, 1990. "Commercial Land Use Regulation and Local Government Finance," American Economic Review, American Economic Association, vol. 80(2), pages 176-80, May.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).
If references are entirely missing, you can add them using this form.