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Optimization of regulation and fiscal policies for urban residential land use and traffic network management

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  • Ying, Jiang Qian

Abstract

Residential land use density regulation is an important policy instrument for reducing the local external diseconomies caused by concentration of population and buildings in urban areas. But density regulation also affects the distribution of population across the whole urban space, which determines the travel demands hence traffic flows over the transportation network in the city. In this paper, we formulate a model integrating the residential location choice equilibrium, traffic network equilibrium and the housing market equilibrium, subject to floor area ratio (FAR) regulation, a representative practical strategy for density regulation. The restriction of FAR regulation on housing supply is formulated as a development coordination cost function dependent on the level of FAR that is actually realized under the designated upper FAR limit. Complementary location-specific tax/subsidy policies, and road pricing schemes, are also addressed in a unified manner.

Suggested Citation

  • Ying, Jiang Qian, 2024. "Optimization of regulation and fiscal policies for urban residential land use and traffic network management," Regional Science and Urban Economics, Elsevier, vol. 105(C).
    • Handle: RePEc:eee:regeco:v:105:y:2024:i:c:s0166046224000115
    DOI: 10.1016/j.regsciurbeco.2024.103987
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    More about this item

    Keywords

    Land use regulation; Density; Residential location; Housing market; Floor area ratio (FAR); Tax; Subsidy; Stochastic user equilibrium; Road network pricing; Optimization; Sensitivity analysis;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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