Distortions Resulting from Residential Land Use Controls in Metropolitan Areas

Brian Jansen () and Edwin Mills ()

The Journal of Real Estate Finance and Economics, 2013, vol. 46, issue 1, 193-202

Abstract: Residential land use controls in metropolitan areas are intended to and typically do restrict housing supply and inevitably raise housing prices. This paper estimates the effects of metropolitan area land use controls on housing prices, employing a remarkable data set compiled by Gyourko, Saiz and Summers. We embed the estimates in a four equation model that estimates the effects of the resulting high housing prices on metropolitan population, real incomes and employment. Copyright The Author(s) 2013

Keywords: Density controls; Housing prices; Real incomes; Population; Employment; Residential land use controls; Stringent restrictions; Metropolitan statistical areas; Panel data; Land index; Logged variables; Spatial equilibrium distribution (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1007/s11146-011-9310-7 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:jrefec:v:46:y:2013:i:1:p:193-202

Ordering information: This journal article can be ordered from
http://www.springer. ... ce/journal/11146/PS2

DOI: 10.1007/s11146-011-9310-7

Access Statistics for this article

The Journal of Real Estate Finance and Economics is currently edited by Steven R. Grenadier, James B. Kau and C.F. Sirmans

More articles in The Journal of Real Estate Finance and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().