EconPapers    
Economics at your fingertips  
 

An empirical approach to urban land monopoly: A case study of the city of Barranquilla, Colombia

Nestor Garza () and Colin Lizieri ()

Urban Studies, 2019, vol. 56, issue 10, 1931-1950

Abstract: In this paper, we focus on the role and economic effect of land ownership and land monopoly in emerging urban environments. Land monopoly in conventional economics is a theoretical ‘impossibility’ which, nonetheless, allows for a spatial empirical approach. We design a spatial land monopoly test of our own, understood as a pricing strategy where land prices can be ‘over and above’ those determined by city-wide location, urban regulation and externalities. We use the city of Barranquilla (Colombia) as a case study. This city offers ideal conditions for investigation of theories of land monopoly, given extreme land concentration in its highly regulated elite northern fringe. We found no evidence of land monopoly pricing using different specifications of the spatial tests, which conformed to standard urban economic expectations: the pattern of development pointing to different, political channels influencing development.

Keywords: urban land market; land monopoly; Latin American cities; spatial panel model; Colombia; Barranquilla; 城市土地市场; 土地垄断; æ‹‰ä¸ ç¾Žæ´²åŸŽå¸‚; ç©ºé—´é ¢æ ¿æ¨¡åž‹; 哥伦比亚; 巴兰基亚 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0042098018781306 (text/html)

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:sae:urbstu:v:56:y:2019:i:10:p:1931-1950

DOI: 10.1177/0042098018781306

Access Statistics for this article

More articles in Urban Studies from Urban Studies Journal Limited
Bibliographic data for series maintained by SAGE Publications ().

 
Page updated 2023-02-01
Handle: RePEc:sae:urbstu:v:56:y:2019:i:10:p:1931-1950