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An Examination of the Monopoly Zoning Hypothesis


  • James A. Thorson


There have been several studies that have investigated the effect of zoning on housing prices. One hypothesis is that the restrictiveness of zoning laws will vary with the monopoly power of a town. The degree of monopoly power varies with the number of towns in the urban area. Urban areas with few zoning jurisdictions are likely to have higher housing prices than more fragmented urban areas. Previous research on this topic has shown mixed results. The results in this article suggest that towns with more monopoly power do tend to have significantly higher housing prices than more fragmented urban areas.

Suggested Citation

  • James A. Thorson, 1996. "An Examination of the Monopoly Zoning Hypothesis," Land Economics, University of Wisconsin Press, vol. 72(1), pages 43-55.
  • Handle: RePEc:uwp:landec:v:72:y:1996:i:1:p:43-55

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    References listed on IDEAS

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    1. Jiang, Yong & Swallow, Stephen K., 2017. "Impact Fees Coupled With Conservation Payments to Sustain Ecosystem Structure: A Conceptual and Numerical Application at the Urban-Rural Fringe," Ecological Economics, Elsevier, vol. 136(C), pages 136-147.
    2. Schuetz, Jenny, 2015. "Why are Walmart and Target Next-Door neighbors?," Regional Science and Urban Economics, Elsevier, vol. 54(C), pages 38-48.
    3. Fran?ois Ortalo-Magn? & Andrea Prat, 2014. "On the Political Economy of Urban Growth: Homeownership versus Affordability," American Economic Journal: Microeconomics, American Economic Association, vol. 6(1), pages 154-181, February.
    4. Bates, Laurie J. & Santerre, Rexford E., 2003. "The impact of a state mandated expenditure floor on aggregate property values," Journal of Urban Economics, Elsevier, vol. 53(3), pages 531-540, May.
    5. John M. Quigley & Steven Raphael, 2004. "Is Housing Unaffordable? Why Isn't It More Affordable?," Journal of Economic Perspectives, American Economic Association, vol. 18(1), pages 191-214, Winter.
    6. Zabel, Jeffrey & Dalton, Maurice, 2011. "The impact of minimum lot size regulations on house prices in Eastern Massachusetts," Regional Science and Urban Economics, Elsevier, vol. 41(6), pages 571-583.
    7. Quigley, John M. & Rosenthal, Larry A., 2005. "The Effects of Land-Use Regulation on the Price of Housing: What Do We Know? What Can We Learn?," Berkeley Program on Housing and Urban Policy, Working Paper Series qt90m9g90w, Berkeley Program on Housing and Urban Policy.
    8. Bates, Laurie J. & Santerre, Rexford E., 2013. "Does regionalization of local public health services influence public spending levels and allocative efficiency?," Regional Science and Urban Economics, Elsevier, vol. 43(2), pages 209-219.

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