Uncertainty, Growth Controls, and the Efficiency of Development Patterns

Dean H Gatzlaff and Marc T Smith

The Journal of Real Estate Finance and Economics, 1993, vol. 6, issue 2, 147-55

Abstract: This article examines the regulation of real estate development patterns from the perspective of the suburban household. Employing concepts of efficiency developed in the financial economics literature, it argues that uncertainty about future growth impacts, coupled with transactions costs, contributes to the motivation to enact growth controls. The article concludes by suggesting that in an information-efficient environment an alternative pricing policy, rather than regulatory intervention, is a Pareto-preferred response. Copyright 1993 by Kluwer Academic Publishers

Date: 1993
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:6:y:1993:i:2:p:147-55

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

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 ().