Municipal Monopoly Power and the Supply of Residential Development Rights
This study provides a theoretical and empirical framework that emphasizes the importance of municipal monopoly power on decisions about such land use controls as lot-size requirements and allowable use. The main hypothesis is that the quantity of the residential development rights supplied depends on the monopoly power or unique characteristics of a community. Indices of demographic, spatial and geographic uniqueness are developed for a sample of Connecticut communities. The empirical results suggest that unique communities tend to restrict residential development rights, as exemplified by larger lot sizes and smaller numbers of zoned residential parcels.
Volume (Year): 19 (1993)
Issue (Month): 2 (Spring)
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- Rolleston, Barbara Sherman, 1987. "Determinants of restrictive suburban zoning: An empirical analysis," Journal of Urban Economics, Elsevier, vol. 21(1), pages 1-21, January.
- Rose, Louis A., 1989. "Urban land supply: Natural and contrived restrictions," Journal of Urban Economics, Elsevier, vol. 25(3), pages 325-345, May.
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- Fischel, William A., 1980. "Zoning and the exercise of monopoly power: A reevaluation," Journal of Urban Economics, Elsevier, vol. 8(3), pages 283-293, November.
- Edelson, Noel M., 1976. "Voting equilibria with market-based assessments," Journal of Public Economics, Elsevier, vol. 5(3-4), pages 269-284.
- Hamilton, Bruce W., 1978. "Zoning and the exercise of monopoly power," Journal of Urban Economics, Elsevier, vol. 5(1), pages 116-130, January.
- Ohls, James C. & Weisberg, Richard Chadbourn & White, Michelle J., 1974. "The effect of zoning on land value," Journal of Urban Economics, Elsevier, vol. 1(4), pages 428-444, October.
- Caves, Richard E & Williamson, Peter J, 1985. "What Is Product Differentiation, Really?," Journal of Industrial Economics, Wiley Blackwell, vol. 34(2), pages 113-32, December.
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