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“Managed†Urban Land Markets

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  • Richard W. Ellson
  • R. Blaine Roberts

Abstract

In this article we derived the socially optimal conditions for the implementation of growth management policies in urban areas. We showed that prior research could be biased because it failed to model a land transition process explicitly. Next, we demonstrated the conditions under which growth management is equivalent to the perfectly competitive model. Finally, we assessed the desirability of each policy given the practical realities of urban land markets.

Suggested Citation

  • Richard W. Ellson & R. Blaine Roberts, 1986. "“Managed†Urban Land Markets," Public Finance Review, , vol. 14(4), pages 466-479, October.
    • Handle: RePEc:sae:pubfin:v:14:y:1986:i:4:p:466-479
    DOI: 10.1177/109114218601400406
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    References listed on IDEAS

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    1. Martin L. Weitzman, 1977. "Is the Price System or Rationing More Effective in Getting a Commodity to Those Who Need It Most?," Bell Journal of Economics, The RAND Corporation, vol. 8(2), pages 517-524, Autumn.
    2. David E. Mills, 1978. "Competition and the Residential Land Allocation Process," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 92(2), pages 227-244.
    3. Feldstein, Martin S, 1977. "The Surprising Incidence of a Tax on Pure Rent: A New Answer to an Old Question," Journal of Political Economy, University of Chicago Press, vol. 85(2), pages 349-360, April.
    4. Donald C Shoup, 1970. "The Optimal Timing Of Urban Land Development," Papers in Regional Science, Wiley Blackwell, vol. 25(1), pages 33-44, April.
    5. Cooley, Thomas F. & LaCivita, C. J., 1982. "A theory of growth controls," Journal of Urban Economics, Elsevier, vol. 12(2), pages 129-145, September.
    6. Arnott, Richard J & Lewis, Frank D, 1979. "The Transition of Land to Urban Use," Journal of Political Economy, University of Chicago Press, vol. 87(1), pages 161-169, February.
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