Playing monopoly in the creek: Imperfect competition, development, and in-stream flows
Land ownership and control of development in new and frontier cities is often concentrated. Local public goods, such as wetlands and riparian habitats, can be adversely affected by development. Regulatory pressure to protect these local public goods may not emerge until after some development has occurred. When development rights are insecure, an incentive exists to accelerate early development, an incentive that increases with the number of firms. Further, multiple equilibria may exist, which can result in large increases in development for small increases in the number of firms. When firms are uncertain about how the regulator values the local public good, development may be further accelerated and there may be even more equilibria.
If 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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
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.:
- William D. Leach & Neil W. Pelkey & Paul A. Sabatier, 2002. "Stakeholder partnerships as collaborative policymaking: Evaluation criteria applied to watershed management in California and Washington," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 21(4), pages 645-670.
- GP Green & JP O'Connor, 2001. "Water Banking And Restoration Of Endangered Species Habitat: An Application To The Snake River," Contemporary Economic Policy, Western Economic Association International, vol. 19(2), pages 225-237, 04.
- Rosegrant, Mark W., 1997. "Water resources in the twenty-first century: challenges and implications for action," 2020 vision discussion papers 20, International Food Policy Research Institute (IFPRI).
- J. M. Hartwick & P. A. Sadorsky, 1990.
"Duopoly in Exhaustible Resource Exploration and Extraction,"
Canadian Journal of Economics,
Canadian Economics Association, vol. 23(2), pages 276-93, May.
- John Hartwick & Perry Sadorsky, 1988. "Duopoly in Exhaustible Resource Exploration and Extraction," Working Papers 721, Queen's University, Department of Economics.
- Marcy Burchfield & Henry G. Overman & Diego Puga & Matthew A. Turner, 2006.
"Causes of Sprawl: A Portrait from Space,"
The Quarterly Journal of Economics,
Oxford University Press, vol. 121(2), pages 587-633.
- Bolle, Friedel, 1986. "On the Oligopolistic Extraction of Non-renewable Common-Pool Resources," Economica, London School of Economics and Political Science, vol. 53(212), pages 519-27, November.
- Carlo Carraro & Carmen Marchiori & Alessandra Sgobbi, 2005.
"Applications of Negotiation Theory to Water Issues,"
2005.65, Fondazione Eni Enrico Mattei.
- Carraro, Carlo & Marchiori, Carmen & Sgobbi, Alessandra, 2005. "Applications of negotiation theory to water issues," Policy Research Working Paper Series 3641, The World Bank.
- Carlo Carraro & Carmen Marchiori & Alessandra Sgobbi, 2006. "Applications of negotiation theory to water issues," Working Papers 2006_09, Department of Economics, University of Venice "Ca' Foscari".
- Levinson, Arik, 1997. "Why oppose TDRs?: Transferable development rights can increase overall development," Regional Science and Urban Economics, Elsevier, vol. 27(3), pages 283-296, June.
- Berrens, Robert P. & Bohara, Alok K. & Jenkins-Smith, Hank & Silva, Carol L. & Ganderton, Philip & Brookshire, David, 1998. "A joint investigation of public support and public values: case of instream flows in New Mexico," Ecological Economics, Elsevier, vol. 27(2), pages 189-203, November.
- Mark Lubell, 2004. "Collaborative environmental institutions: All talk and no action?," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 23(3), pages 549-573.
- Michael P Johnson, 2001. "Environmental impacts of urban sprawl: a survey of the literature and proposed research agenda," Environment and Planning A, Pion Ltd, London, vol. 33(4), pages 717-735, April.
- Adams, Gregory & Rausser, Gordon & Simon, Leo, 1996. "Modelling multilateral negotiations: An application to California water policy," Journal of Economic Behavior & Organization, Elsevier, vol. 30(1), pages 97-111, July.
- Burness, H Stuart & Quirk, James P, 1979. "Appropriative Water Rights and the Efficient Allocation of Resources," American Economic Review, American Economic Association, vol. 69(1), pages 25-37, March.
- Mills, David E., 1980. "Transferable development rights markets," Journal of Urban Economics, Elsevier, vol. 7(1), pages 63-74, January.
- Fischel, William A., 2001. "Homevoters, Municipal Corporate Governance, and the Benefit View of the Property Tax," National Tax Journal, National Tax Association, vol. 54(n. 1), pages 157-74, March.
- Walls, Margaret & McConnell, Virginia & Kopits, Elizabeth, 2003. "How Well Can Markets for Development Rights Work? Evaluating a Farmland Preservation Program," Discussion Papers dp-03-08, Resources For the Future.
- John I Carruthers & Gudmundur F Ulfarsson, 2003. "Urban sprawl and the cost of public services," Environment and Planning B: Planning and Design, Pion Ltd, London, vol. 30(4), pages 503-522, July.
- Booker J. F. & Young R. A., 1994. "Modeling Intrastate and Interstate Markets for Colorado River Water Resources," Journal of Environmental Economics and Management, Elsevier, vol. 26(1), pages 66-87, January.
- Karp, Larry, 1992. "Social Welfare in a Common Property Oligopoly," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 33(2), pages 353-72, May.
- Malueg, David A & Solow, John L, 1990. "Monopoly Production of Durable Exhaustible Resources," Economica, London School of Economics and Political Science, vol. 57(225), pages 29-47, February.
- 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.
- Lawrence Blume & Daniel L. Rubinfeld & Perry Shapiro, 1984. "The Taking of Land: When Should Compensation Be Paid?," The Quarterly Journal of Economics, Oxford University Press, vol. 99(1), pages 71-92.
- Thomas C. Beierle & David M. Konisky, 2000. "Values, conflict, and trust in participatory environmental planning," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 19(4), pages 587-602.
- Henderson, Vernon & Mitra, Arindam, 1996. "The new urban landscape: Developers and edge cities," Regional Science and Urban Economics, Elsevier, vol. 26(6), pages 613-643, December.
- Johannes Horner & Morton I. Kamien, 2004. "Coase and Hotelling: A Meeting of the Minds," Journal of Political Economy, University of Chicago Press, vol. 112(3), pages 718-723, June.
- John C. Harsanyi & Reinhard Selten, 1972. "A Generalized Nash Solution for Two-Person Bargaining Games with Incomplete Information," Management Science, INFORMS, vol. 18(5-Part-2), pages 80-106, January.
- Innes, Robert, 1997. "Takings, Compensation, and Equal Treatment for Owners of Developed and Undeveloped Property," Journal of Law and Economics, University of Chicago Press, vol. 40(2), pages 403-32, October.
- Robert Innes & Stephen Polasky & John Tschirhart, 1998. "Takings, Compensation and Endangered Species Protection on Private Lands," Journal of Economic Perspectives, American Economic Association, vol. 12(3), pages 35-52, Summer.
- Henderson, Vernon & Becker, Randy, 2000. "Political Economy of City Sizes and Formation," Journal of Urban Economics, Elsevier, vol. 48(3), pages 453-484, November.
- Barry C. Field & Jon M. Conrad, 1975. "Economic Issues in Programs of Transferable Development Rights," Land Economics, University of Wisconsin Press, vol. 51(4), pages 331-340.
- Faruk Gul, 1987. "Noncooperative Collusion in Durable Goods Oligopoly," RAND Journal of Economics, The RAND Corporation, vol. 18(2), pages 248-254, Summer.
- Marian Weber & Wiktor Adamowicz, 2002. "Tradable Land-Use Rights for Cumulative Environmental Effects Management," Canadian Public Policy, University of Toronto Press, vol. 28(4), pages 581-595, December.
- Reinganum, Jennifer F & Stokey, Nancy L, 1985. "Oligopoly Extraction of a Common Property Natural Resource: The Importance of the Period of Commitment in Dynamic Games," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 26(1), pages 161-73, February.
- Irwin, Elena G. & Bockstael, Nancy E., 2004. "Land use externalities, open space preservation, and urban sprawl," Regional Science and Urban Economics, Elsevier, vol. 34(6), pages 705-725, November.
When requesting a correction, please mention this item's handle: RePEc:eee:resene:v:30:y:2008:i:3:p:455-473. 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: (Shamier, Wendy)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.