The DOI matches its Crossref record; 18 of the 18 references it cites were found in a registry or an index.
Land Use Regulation and Welfare
Abstract
We evaluate the effect of land use regulation on the value of land and on welfare. Our estimates are based on a decomposition of the effects of regulation into three components: an own-lot effect, which reflects the cost of regulatory constraints to the owner of a parcel; an external effect, which reflects the value of regulatory constraints on one's neighbors; a supply effect, which reflects the effect of regulated scarcity of developable land. Using this decomposition, we arrive at a novel strategy for estimating a plausibly causal effect of land use regulation on land value and welfare. This strategy exploits cross-border changes in development, prices, and regulation in regions near municipal borders. Our estimates suggest large negative effects of regulation on the value of land and welfare in these regions.
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Cites
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Cited by
The Economic Implications of Housing Supply
Glaeser, E., & Gyourko, J. (2018) · Journal of Economic Perspectives · doi:10.1257/jep.32.1.3 · Cited by 527
The impact of upzoning on housing construction in Auckland
Greenaway-McGrevy, R., & Phillips, P. C. B. (2023) · Journal of Urban Economics · doi:10.1016/j.jue.2023.103555 · Cited by 70
Regression discontinuity designs in agricultural and environmental economics
Wuepper, D., & Finger, R. (2023) · European Review of Agricultural Economics · doi:10.1093/erae/jbac023 · Cited by 55
Metadata
- Venue
- Econometrica
- Publisher
- The Econometric Society
- Published
- 2014
- Volume
- 82
- Issue
- 4
- Pages
- 1341-1403
- ISSN
- 0012-9682 (ISSN-L)
- OpenAlex
- W1933310288
- Cited by
- 265
- References
- 18
- FWCI
- 40.98
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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