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作者

Jan K. Brueckner

来源

来源 JOURNAL OF URBAN ECONOMICS,Vol.133,P.

语言

英文

关键字

Zoning;Property taxation;Hamilton

作者单位

Department of Economics, University of California, Irvine, 3151 Social Science Plaza, Irvine, CA 92697, United States;Department of Economics, University of California, Irvine, 3151 Social Science Plaza, Irvine, CA 92697, United States

摘要

In rare theoretical treatments of ideas developed by Hamilton (1975, 1976) almost fifty wears ago, recent papers by Barseghyan and Coate (2016) and Calabrese et al. (2007) develop dynamic models to analyze zoning and property taxation in a system of communities. Their analyses led to negative conclusions, contradicting Hamilton’s view, by showing that efficient zoning does not emerge in equilibrium. The purpose of this note is to show that a different, affirmative conclusion can be reached in a simpler, highly stylized model that formalizes Hamilton’s idea.