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The Holdout Problem and Urban Sprawl

Author

Listed:
  • Thomas J. Miceli

    (University of Connecticut)

  • C. F. Sirmans

    (University of Connecticut)

Abstract

Developers attempting land assembly often face a potential holdout problem that raises the cost of development. To minimize this extra cost, developers will prefer land whose ownership is less dispersed. This creates a bias toward development at the urban fringe where average lot sizes are larger, resulting in urban sprawl. This paper examines the link between the holdout problem and urban sprawl and discusses possible remedies.

Suggested Citation

  • Thomas J. Miceli & C. F. Sirmans, 2004. "The Holdout Problem and Urban Sprawl," Working papers 2004-38, University of Connecticut, Department of Economics.
  • Handle: RePEc:uct:uconnp:2004-38
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    File URL: http://web2.uconn.edu/economics/working/2004-38.pdf
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    References listed on IDEAS

    as
    1. McFarlane, Alastair, 1999. "Taxes, Fees, and Urban Development," Journal of Urban Economics, Elsevier, vol. 46(3), pages 416-436, November.
    2. Brueckner, Jan K., 1997. "Infrastructure financing and urban development:: The economics of impact fees," Journal of Public Economics, Elsevier, vol. 66(3), pages 383-407, December.
    3. Strange William C., 1995. "Information, Holdouts, and Land Assembly," Journal of Urban Economics, Elsevier, vol. 38(3), pages 317-332, November.
    4. O'Flaherty, Brendan, 1994. "Land assembly and urban renewal," Regional Science and Urban Economics, Elsevier, vol. 24(3), pages 287-300, June.
    5. Cohen, Lloyd, 1991. "Holdouts and Free Riders," The Journal of Legal Studies, University of Chicago Press, vol. 20(2), pages 351-362, June.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Florenz Plassmann & T. Nicolaus Tideman, 2007. "Efficient Urban Renewal Without Takings: Two Solutions to the Land Assembly Problem," Working Papers e07-8, Virginia Polytechnic Institute and State University, Department of Economics.

    More about this item

    Keywords

    Urban sprawl; holdout problem; urban renewal; public use;

    JEL classification:

    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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