Why Do We Have Urban Density Controls?
Almost all urban land use controls reduce permitted densities. This article analyzes restrictions on residential densities in a conventional model of density-distance functions. Density controls force development to extend farther than in competitive equilibrium, thus increasing commuting distances and dwelling costs. Residents benefit if, as is likely, they prefer lower densities than in competitive equilibrium. But there is a limit to the extra commuting and housing costs that nevertheless make residents better off. Theoretical and numerical analyses are presented to show that likely parameter values almost certainly result in reductions in residents' welfare. Copyright 2005 by the American Real Estate and Urban Economics Association
Volume (Year): 33 (2005)
Issue (Month): 3 (09)
|Contact details of provider:|| Postal: Indiana University, Kelley School of Business, 1309 East Tenth Street, Suite 738, Bloomington, Indiana 47405|
Phone: (812) 855-7794
Fax: (812) 855-8679
Web page: http://www.blackwellpublishing.com/journal.asp?ref=1080-8620
More information through EDIRC
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=1080-8620|
When requesting a correction, please mention this item's handle: RePEc:bla:reesec:v:33:y:2005:i:3:p:571-585. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.