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Zoning and the Distribution of Location Rents: An Empirical Analysis of Harris County, Texas.
- Source :
- Land Economics; Feb2002, Vol. 78 Issue 1, p28, 17p
- Publication Year :
- 2002
-
Abstract
- The Coase theorem presents two criteria for evaluating regulation: regulations efficiency relative to private solutions and how the regulation affects the distribution of wealth. Previous studies of the impact of municipal zoning have focused on Coase's first criteria: whether zoning raises land values overall. This study estimates the transfer of wealth between owners of existing homes that results from the creation of a municipal zoning ordinance. We find that property best suited to residential use gains in value while property with relatively higher potential as commercial property experiences a decline in the value. We find that zoning is distributive. [ABSTRACT FROM AUTHOR]
- Subjects :
- ZONING
LAND use
WEALTH
RESIDENTIAL real estate
COMMERCIAL real estate
Subjects
Details
- Language :
- English
- ISSN :
- 00237639
- Volume :
- 78
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Land Economics
- Publication Type :
- Academic Journal
- Accession number :
- 7058731
- Full Text :
- https://doi.org/10.2307/3146921