Land-Use Controls, Natural Restrictions, and Urban Residential Land Prices

Krisandra Guidry, Jams D. Shilling and C. F. Shirmans
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Krisandra Guidry: Nicholls State University
Jams D. Shilling: University of Wisconsin-Madison
C. F. Shirmans: University of Connecticut

The Review of Regional Studies, 1999, vol. 29, issue 2, 105-113

Abstract: Research has focused on how variations in land-use controls explain interurban variations in prices. With the notable exception of the work by Rose (1989a, 1989b), virtually no attention has been focused on how natural restrictions (bodies of water, mountains, etc.) impact land prices. The purpose of this paper is to examine the impact of both land-use controls and natural restrictions on interurban variation in residential land prices. Our results indicate that, as expected, land prices are significantly higher as the land supply decreases both as a result of natural and man-made restrictions.

Date: 1999
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