Nuisance zoning, the labor market and capital gain

Komei Sasaki ()

The Annals of Regional Science, 2004, vol. 38, issue 4, 675-686

Abstract: Setting a two-generation model of current and new residents in a simple linear city, this paper analyzed the effects of nuisance zoning on urban system. In the model, decisive agents of zoning regulation (current residents) behave not only as consumers of land service affected by nuisance externality, but as investors of land for capital gain. We emphasize that this paper analyzed the zoning effect on labor market and thus on the wage level as well as on land market. It is shown that under the optimal zoning to maximize the welfare of current residents, the sum of the value of marginal disutility due to expanded industry-operation district for both current and new residents is just equal to the increased total wage income for new residents. Copyright Springer-Verlag 2004

Keywords: R13; R14; R52 (search for similar items in EconPapers)
Date: 2004
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DOI: 10.1007/s00168-003-0180-7

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