| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 982215 | The Quarterly Review of Economics and Finance | 2012 | 9 Pages |
Abstract
⺠Landowners face a population externality that decreases urban rents. ⺠Growth controls induce landowners to convert earlier than planned, but do not affect their intensity choices. ⺠Growth controls raise the prices of both urban and undeveloped land. ⺠The regulator should slacken the growth boundary control once urban rents pass historically high levels. ⺠The regulator should also tighten the control when urban rents become volatile.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Jyh-Bang Jou,