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作者

Junfu Zhang

来源

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

语言

英文

关键字

Land use;Regulation;Stringency;Shadow price;R14;R52

作者单位

Clark University, 950 Main Street, Worcester MA 01610, USA;Clark University, 950 Main Street, Worcester MA 01610, USA

摘要

I propose a shadow price approach to measuring the stringency of land use regulation. A regulation is considered more restrictive if the land developer is willing to pay a larger amount for a marginal relaxation of the regulation. I show that existing theory-based measures of land use stringency are either equivalents or variations of this shadow price measure. Using data from China, I demonstrate that it is possible to compare the stringency of two kinds of land use regulation, a key advantage of this shadow price approach.