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Is Higher Quality Land Developed Earlier?

Author

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  • Richard Arnott

    (Department of Economics, University of California Riverside)

  • Lopez Juan Carlos

    (Department of Economics, University of Denver)

Abstract

Is higher-quality land developed earlier? To answer this question, the paper applies comparative static analysis to the Arnott–Lewis model of the transition of land from agricultural to urban use. It is shown that (i) an increase in agricultural fertility increases structural density and delays development; (ii) a decrease in land preparation cost reduces structural density and hastens development; and (iii) both an increase in amenities and a decrease in structure construction costs normally hasten but in anomalous cases can delay development.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Richard Arnott & Lopez Juan Carlos, 2018. "Is Higher Quality Land Developed Earlier?," Working Papers 201809, University of California at Riverside, Department of Economics.
    • Handle: RePEc:ucr:wpaper:201809
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    File URL: https://economics.ucr.edu/repec/ucr/wpaper/201809.pdf
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    References listed on IDEAS

    as
    1. Chang-Tai Hsieh & Enrico Moretti, 2019. "Housing Constraints and Spatial Misallocation," American Economic Journal: Macroeconomics, American Economic Association, vol. 11(2), pages 1-39, April.
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    Cited by:

    1. Juan Carlos G Lopez & Richard J Arnott, 2020. "Is higher-quality land developed earlier?," Environment and Planning B, , vol. 47(9), pages 1560-1572, November.
    2. Andrew Allan & Ali Soltani & Mohammad Hamed Abdi & Melika Zarei, 2022. "Driving Forces behind Land Use and Land Cover Change: A Systematic and Bibliometric Review," Land, MDPI, vol. 11(8), pages 1-20, August.

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    Keywords

    Land Use Patterns; Housing Supply and Markets;

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