《The effect of land use regulation on housing and land prices》

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作者
来源
来源 JOURNAL OF URBAN ECONOMICS,Vol.62,P.420-435
语言
英文
关键字
作者单位
DeVoe Moore Center and Department of Economics, 150 Bellamy Building, Florida State University, Tallahassee, FL 32306-2220, USA"}]}]}],"floats":[],"footnotes":[],"affiliations":{"aep-affiliation-id2":{"#name":"affiliation","$":{"id":"aep-affiliation-id2;DeVoe Moore Center and Department of Economics, 150 Bellamy Building, Florida State University, Tallahassee, FL 32306-2220, USA"}]}},"attachments":[],"correspondences":{},"scopusAuthorIds":{},"articles":{}},"authorMetadata":[],"banner":{"expanded":false},"biographies":{},"body":{},"browser":{"name":"IE","engine":"Trident
摘要
This paper investigates the effects of land use regulation restrictiveness on house and vacant land prices. In contrast to prior studies, the index of restrictiveness is treated as an endogenous variable and estimated effects are allowed to vary by market setting. Using data on more than 100 Florida cities, greater regulation restrictiveness is found to increase house price and decrease land price. Evidence is also provided showing that more restrictiveness increases the size of newly constructed homes.