The Holdout Problem and Urban Sprawl

Thomas Miceli () and C. F. Sirmans
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C. F. Sirmans: University of Connecticut

No 2004-38, Working papers from University of Connecticut, Department of Economics

Abstract: Developers attempting land assembly often face a potential holdout problem that raises the cost of development. To minimize this extra cost, developers will prefer land whose ownership is less dispersed. This creates a bias toward development at the urban fringe where average lot sizes are larger, resulting in urban sprawl. This paper examines the link between the holdout problem and urban sprawl and discusses possible remedies.

Keywords: Urban sprawl; holdout problem; urban renewal; public use (search for similar items in EconPapers)
JEL-codes: K11 R14 R52 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-geo, nep-law and nep-ure
Date: 2004-11
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Persistent link: http://EconPapers.repec.org/RePEc:uct:uconnp:2004-38

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