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Politics In A Dynamic View Of Land-Use Regulations: Of Interest Groups And Homevoters

  • William Fischel

    ()

The nature of land-use regulation differs by type of jurisdiction. Regulatory politics at the local level is the major source of the dynamic consistency problem. Courts are reluctant to enforce the regulatory commitments of previous officials at all levels of government, but the alternative political and reputation constraints on official promise-keeping are most problematic at the local level. Local majoritarianism presents the greatest challenge to attempts to improve the dynamic efficiency of land-use regulation. Copyright Springer Science + Business Media, Inc. 2005

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File URL: http://hdl.handle.net/10.1007/s11146-005-3289-x
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Article provided by Springer in its journal The Journal of Real Estate Finance and Economics.

Volume (Year): 31 (2005)
Issue (Month): 4 (December)
Pages: 397-403

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Handle: RePEc:kap:jrefec:v:31:y:2005:i:4:p:397-403
Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=102945

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  1. Henderson, J Vernon, 1980. "Community Development: The Effects of Growth and Uncertainty," American Economic Review, American Economic Association, vol. 70(5), pages 894-910, December.
  2. Henderson, J Vernon, 1985. "The Tiebout Model: Bring Back the Entrepreneurs," Journal of Political Economy, University of Chicago Press, vol. 93(2), pages 248-64, April.
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