“Managed†Urban Land Markets

Richard W. Ellson and R. Blaine Roberts

Public Finance Review, 1986, vol. 14, issue 4, 466-479

Abstract: In this article we derived the socially optimal conditions for the implementation of growth management policies in urban areas. We showed that prior research could be biased because it failed to model a land transition process explicitly. Next, we demonstrated the conditions under which growth management is equivalent to the perfectly competitive model. Finally, we assessed the desirability of each policy given the practical realities of urban land markets.

Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:sae:pubfin:v:14:y:1986:i:4:p:466-479

DOI: 10.1177/109114218601400406

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