The Supply of Land

D.G. Wiltshaw
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D.G. Wiltshaw: Department of Town & Country Planning, Trent Polytechnic, Nottingham, United Kingdom

Urban Studies, 1985, vol. 22, issue 1, 49-56

Abstract: The supply of land to a use may result from individual suppliers maximizing utility. As a consequence: the slope of the supply curve cannot be determined a priori; supply will be influenced by the distribution of non-land income; different tenure categories will behave according to the balance of substitution and welfare effects; compulsory purchase may be necessary to surmount individual preferences; and the effect of a development gains tax on change of use will depend upon the relation between the rate of tax, the tax base, and the supplier's compensating variation.

Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:sae:urbstu:v:22:y:1985:i:1:p:49-56

DOI: 10.1080/00420988520080051

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