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- Title
The Pricing of Urban Services and the Spatial Distribution Residence.
- Authors
Sullivan, Arthur M.
- Abstract
This article focuses on the price effects of urban growth boundaries (UGB) in metropolitan Portland. The 1973 legislature, which created the Land Conservation and Development Commission (LCDC), conceived a system with local participation yet central control. As the state's central planning authority, LCDC directs the planning process through enforcement of statewide goals and guidelines. Using cross-section data, this study measures the effects of UGBs on vacant single-family land values in metropolitan Portland, Oregon. According to conventional economic theory, land-use policies that influence the allocation of land must affect land values. This analysis of the residential land market in metropolitan Portland, Oregon, sought to identify the price effects of urban growth boundaries. A model of the effects of UGBs was presented where it was suggested that UGBs affect land values via the timing of traditional land-use constraints. Observations of land values in the market place were then used to test the suggested model.
- Subjects
PORTLAND (Or.); OREGON; UNITED States; URBAN growth; METROPOLITAN areas; LEGISLATIVE bodies; LAND use; MARKETS
- Publication
Land Economics, 1985, Vol 61, Issue 1, p17
- ISSN
0023-7639
- Publication type
Article
- DOI
10.2307/3146136