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Housing Supply and the Effects of Stochastic Development Control

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  • Mayo, Stephen
  • Sheppard, Stephen

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  • Mayo, Stephen & Sheppard, Stephen, 2001. "Housing Supply and the Effects of Stochastic Development Control," Journal of Housing Economics, Elsevier, vol. 10(2), pages 109-128, June.
  • Handle: RePEc:eee:jhouse:v:10:y:2001:i:2:p:109-128
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    1. Mankiw, N. Gregory & Weil, David N., 1989. "The baby boom, the baby bust, and the housing market," Regional Science and Urban Economics, Elsevier, vol. 19(2), pages 235-258, May.
    2. Riddiough, Timothy J., 1997. "The Economic Consequences of Regulatory Taking Risk on Land Value and Development Activity," Journal of Urban Economics, Elsevier, vol. 41(1), pages 56-77, January.
    3. Capozza Dennis R. & Sick Gordon A., 1994. "The Risk Structure of Land Markets," Journal of Urban Economics, Elsevier, vol. 35(3), pages 297-319, May.
    4. Mayer, Christopher J. & Somerville, C. Tsuriel, 2000. "Land use regulation and new construction," Regional Science and Urban Economics, Elsevier, vol. 30(6), pages 639-662, December.
    5. Mayo, Stephen & Sheppard, Stephen, 1996. "Housing Supply under Rapid Economic Growth and Varying Regulatory Stringency: An International Comparison," Journal of Housing Economics, Elsevier, vol. 5(3), pages 274-289, September.
    6. Titman, Sheridan, 1985. "Urban Land Prices under Uncertainty," American Economic Review, American Economic Association, vol. 75(3), pages 505-514, June.
    7. Sheppard, Stephen, 1988. "The qualitative economics of development control," Journal of Urban Economics, Elsevier, vol. 24(3), pages 310-330, November.
    8. Dasgupta, Partha & Stiglitz, Joseph, 1981. "Resource Depletion under Technological Uncertainty," Econometrica, Econometric Society, vol. 49(1), pages 85-104, January.
    9. Sheridan Titman & Arthur Warga, 1986. "Risk and the Performance of Real Estate Investment Trusts: A Multiple Index Approach," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 14(3), pages 414-431, September.
    10. Ellson, Richard & McDermott, John, 1987. "Zoning uncertainty and the urban land development firm," Journal of Urban Economics, Elsevier, vol. 22(2), pages 209-222, September.
    11. Richard B. Peiser, 1984. "Risk Analysis in Land Development," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 12(1), pages 12-29, March.
    12. Gatzlaff, Dean H & Smith, Marc T, 1993. "Uncertainty, Growth Controls, and the Efficiency of Development Patterns," The Journal of Real Estate Finance and Economics, Springer, vol. 6(2), pages 147-155, March.
    13. Stephen A. Pyhrr, 1973. "A Computer Simulation Model to Measure the Risk in Real Estate Investment," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 1(1), pages 48-78, March.
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    Cited by:

    1. Paul C. Cheshire & Christian A.L. Hilber, 2008. "Office Space Supply Restrictions in Britain: The Political Economy of Market Revenge," Economic Journal, Royal Economic Society, vol. 118(529), pages 185-221, June.
    2. Paul Cheshire & Gerard Dericks, 2013. "Regulation, Rents and 'Iconic Design': rent acquisition by design in the tightly constrained London office market," ERSA conference papers ersa13p1071, European Regional Science Association.
    3. Dani Broitman, 2020. "The Game of Developers and Planners: Ecosystem Services as a (Hidden) Regulation through Planning Delay Times," Sustainability, MDPI, Open Access Journal, vol. 12(15), pages 1-14, July.
    4. Christian A. L. Hilber & Wouter Vermeulen, 2016. "The Impact of Supply Constraints on House Prices in England," Economic Journal, Royal Economic Society, vol. 126(591), pages 358-405, March.
    5. Hilber, Christian A. L. & Vermeulen, Wouter, 2012. "The impact of supply constraints on house prices in England," LSE Research Online Documents on Economics 59254, London School of Economics and Political Science, LSE Library.
    6. ., 2014. "Planning for a housing crisis: or the alchemy by which we turn houses into gold," Chapters, in: Urban Economics and Urban Policy, chapter 4, pages 79-103, Edward Elgar Publishing.
    7. Cheshire, P. C. & Sheppard, Stephen Charles, 2005. "The introduction of price signals into land use planning decision-making : a proposal," LSE Research Online Documents on Economics 568, London School of Economics and Political Science, LSE Library.
    8. Paul Cheshire & Stephen Sheppard, 2005. "Introducing Price Signals into Land Use Planning Decision-making - a Proposal," ERSA conference papers ersa05p42, European Regional Science Association.
    9. Cheshire, Paul & Sheppard, Stephen, 2004. "Land markets and land market regulation: progress towards understanding," Regional Science and Urban Economics, Elsevier, vol. 34(6), pages 619-637, November.
    10. Cheshire, Paul & Dericks, Gerard, 2014. "'Iconic design' as deadweight loss: rent acquisition by design in the constrained London office market," LSE Research Online Documents on Economics 58457, London School of Economics and Political Science, LSE Library.
    11. Paul Cheshire & Stephen Sheppard, 2004. "The Introduction of Price Signals into Land Use Planning," Urban/Regional 0410002, University Library of Munich, Germany.
    12. Paul Cheshire, 2018. "Broken Market or Broken Policy? The Unintended Consequences of Restrictive Planning," National Institute Economic Review, National Institute of Economic and Social Research, vol. 245(1), pages 9-19, August.
    13. Bimonte, Salvatore & Stabile, Arsenio, 2015. "Local taxation and urban development. Testing for the side-effects of the Italian property tax," Ecological Economics, Elsevier, vol. 120(C), pages 100-107.
    14. Miguel Coelho & Sebastian Dellepiane-Avellaneda & Vigyan Ratnoo, 2017. "The political economy of housing in England," New Political Economy, Taylor & Francis Journals, vol. 22(1), pages 31-60, January.
    15. Darcy Rollins & Alicia Sasser & Robert Tannenwald & Bo Zhao, 2006. "The lack of affordable housing in New England: how big a problem?: why is it growing?: what are we doing about it?," New England Public Policy Center Working Paper 06-1, Federal Reserve Bank of Boston, revised 2006.
    16. Jyh-Bang Jou, 2014. "Determinants of Efficient Growth Boundaries with Balanced Budgets and Stochastic Rents," Spatial Economic Analysis, Taylor & Francis Journals, vol. 9(1), pages 93-111, March.
    17. Bimonte, Salvatore & Stabile, Arsenio, 2017. "Land consumption and income in Italy: a case of inverted EKC," Ecological Economics, Elsevier, vol. 131(C), pages 36-43.
    18. Paul Cheshire & Christian Hilber & Ioannis Kaplanis, 2011. "Land Use Regulation & Retail: Space Constraints and Total Factor Productivity," ERSA conference papers ersa10p1084, European Regional Science Association.
    19. Ball, Michael & Meen, Geoffrey & Nygaard, Christian, 2010. "Housing supply price elasticities revisited: Evidence from international, national, local and company data," Journal of Housing Economics, Elsevier, vol. 19(4), pages 255-268, December.
    20. ., 2014. "Planning: reforms that might work and ones that won't," Chapters, in: Urban Economics and Urban Policy, chapter 6, pages 127-154, Edward Elgar Publishing.
    21. ., 2014. "Planning and economic performance," Chapters, in: Urban Economics and Urban Policy, chapter 5, pages 104-126, Edward Elgar Publishing.
    22. Pryce, Gwilym & White, Michael, 1999. "Contiguous land use as a driver for land allocation," ERSA conference papers ersa99pa041, European Regional Science Association.
    23. Jyh-Bang Jou & Tan (Charlene) Lee, 2009. "How Does a Development Moratorium Affect Development Timing Choices and Land Values?," The Journal of Real Estate Finance and Economics, Springer, vol. 39(3), pages 301-315, October.
    24. Michael Ball, 2010. "Critical Commentary. Cities and Housing Markets: Changes and Continuities in the Aftermath of the 2007—08 World Financial Crisis," Urban Studies, Urban Studies Journal Limited, vol. 47(5), pages 931-944, May.

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