Municipal Monopoly Power and the Supply of Residential Development Rights

Laurie Bates

Eastern Economic Journal, 1993, vol. 19, issue 2, 173-184

Abstract: This study provides a theoretical and empirical framework that emphasizes the importance of municipal monopoly power on decisions about such land use controls as lot-size requirements and allowable use. The main hypothesis is that the quantity of the residential development rights supplied depends on the monopoly power or unique characteristics of a community. Indices of demographic, spatial and geographic uniqueness are developed for a sample of Connecticut communities. The empirical results suggest that unique communities tend to restrict residential development rights, as exemplified by larger lot sizes and smaller numbers of zoned residential parcels.

Keywords: Land; Use (search for similar items in EconPapers)
JEL-codes: R52 (search for similar items in EconPapers)
Date: 1993
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:19:y:1993:i:2:p:173-184

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