Game of zones: the political economy of conservation areas

Gabriel Ahlfeldt, Kristoffer Möller, Sevrin Waights and Nicolai Wendland
Authors registered in the RePEc Author Service: Kristoffer Moeller

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We develop and test 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. At the same time, the restrictions 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 at the margin are not associated with significant house price capitalisation effects.

Keywords: designation; difference-in-difference; England; gentrification; heritage; property value (search for similar items in EconPapers)
JEL-codes: H23 H31 R40 R58 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2017-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (27)

Published in The Economic Journal, October, 2017, 127(605), pp. F421 - F445. ISSN: 0013-0133

Downloads: (external link)
http://eprints.lse.ac.uk/66244/ Open access version. (application/pdf)

Related works:
Journal Article: Game of Zones: The Political Economy of Conservation Areas (2017)
Working Paper: Game of zones: The political economy of conservation areas (2016)
Working Paper: Game of Zones: The Political Economy of Conservation Areas (2014)
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:ehl:lserod:66244

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().