Communities, Competition, Spillovers, and Open Space
We explore the impact of the spatial distribution of developers on the private provision of open space. Our analysis yields three main findings. First, we demonstrate that the mixed public good nature of open space (relative to private lot consumption) can lead a single land rent-maximizing developer to over-supply open space relative to the utility-maximizing level. Second, by explicitly incorporating the spatial distribution of open-space spillovers, we show how competition can lead not only to inefficient levels of open space, but also to inefficiencies in its spatial distribution. Finally, we evaluate the impact of market-based open-space instruments.
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.:
- Mary Riddel, 2001. "A Dynamic Approach to Estimating Hedonic Prices for Environmental Goods: An Application to Open Space Purchase," Land Economics, University of Wisconsin Press, vol. 77(4), pages 494-512.
- Elizabeth Marshall, 2004. "Open-Space Amenities, Interacting Agents, and Equilibrium Landscape Structure," Land Economics, University of Wisconsin Press, vol. 80(2), pages 272-293.
When requesting a correction, please mention this item's handle: RePEc:uwp:landec:v:84:y:2008:i:2:p:169-187. 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: ()
If references are entirely missing, you can add them using this form.