Welfare Economics of Land Use Regulation
AbstractDespite the pervasive nature of land use planning and land use regulation, evaluation of the costs and benefits of these policies has received only limited attention. This paper presents an empirical methodology, based on clear microeconomic foundations, for the evaluation of benefits and costs of land use planning. The technique is applied to the Town and Country Planning System of the UK. Evaluation is presented of gross benefits from several land use planning activities, the net costs of land use planning, and the distributional consequences of these policies. The results show that these welfare and distributional impacts are considerable.
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Bibliographic InfoPaper provided by EconWPA in its series Urban/Regional with number 9702001.
Length: 48 pages
Date of creation: 27 Feb 1997
Date of revision:
Note: Type of Document - Zipped postcsript file; prepared on Windows LaTeX / Scientific Workplace; to print on Postscript; pages: 48 ; figures: Included in file. This is No. 42 of the series Research Papers in Environmental and Spatial Analysis. Comments welcome.
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Land Use Planning; Housing Markets; Zoning; Regulation;
Find related papers by JEL classification:
- R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy
- R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
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