EconPapers    
Economics at your fingertips  
 

Game of Zones: The Political Economy of Conservation Areas

Gabriel Ahlfeldt, Kristoffer Moeller, Sevrin Waights and Nicolai Wendland

Economic Journal, 2017, vol. 127, issue 605, F421-F445

Abstract: We develop a simple theory of the conservation area designation process in which we postulate that the level of designation is chosen to comply with interests of local homeowners. Conservation areas provide benefits to local homeowners by reducing uncertainty regarding the future of their area. The restrictions, however, impose a cost by limiting the degree to which properties can be altered. In line with our model predictions we find that an increase in preferences for historic character by the local population increases the likelihood of a designation, and that new designations are not associated with significant house price capitalisation effects.

Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (35)

Downloads: (external link)
https://doi.org/10.1111/ecoj.12454

Related works:
Working Paper: Game of zones: the political economy of conservation areas (2017) Downloads
Working Paper: Game of zones: The political economy of conservation areas (2016) Downloads
Working Paper: Game of Zones: The Political Economy of Conservation Areas (2014) Downloads
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:wly:econjl:v:127:y:2017:i:605:p:f421-f445

Ordering information: This journal article can be ordered from
http://onlinelibrary ... 1111/(ISSN)1468-0297

Access Statistics for this article

Economic Journal is currently edited by Estelle Cantillon, Martin Cripps, Andrea Galeotti, Morten Ravn, Kjell G. Salvanes, Frederic Vermeulen, Hans-Joachim Voth and Rachel Kranton

More articles in Economic Journal from Royal Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2025-03-20
Handle: RePEc:wly:econjl:v:127:y:2017:i:605:p:f421-f445