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Heterogeneous Developers, Spatial Interactions, and Land Development Outcomes under Uncertainty

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  • Gnagey, Matthew

Abstract

Land development is a central topic in environmental, resource, urban and regional economics, yet our empirical knowledge of people behind land development, the developers, and the supply of urban land is limited. In response I develop a model of exurban land developers to test the spatial interactions of heterogeneous developers in exurban areas. Using estimation techniques that identify a parameter isolate the spatial competition and interaction effect I am able to determine the effects of developer behavior. I find significant evidence of land developers competing spatially as they locate across an exurban county.

Suggested Citation

  • Gnagey, Matthew, 2012. "Heterogeneous Developers, Spatial Interactions, and Land Development Outcomes under Uncertainty," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124932, Agricultural and Applied Economics Association.
  • Handle: RePEc:ags:aaea12:124932
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    Keywords

    Land Developer; Housing supply; Exurban development; Community/Rural/Urban Development; Land Economics/Use;

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