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- Title
Growth Controls and Land Values in an Open City.
- Authors
Brueckner, Jan K.
- Abstract
The literature identifies two forces that account for the positive impact of growth controls on housing prices. First, by restricting the supply of housing in the face of population pressure, controls are thought to create excess demand, which in turn leads to higher prices. Second, by preserve a community's "quality of life," controls create an amenity whose value is then capitalized into housing prices. Unfortunately, despite much cogent discussion of these forces, the literature does not offer a formal dynamic model that illustrates their operation. The purpose of the present pa- per is to offer a first step toward such a model.
- Subjects
UNITED States; HOME prices; URBAN land use; HOUSING; REAL estate development; DWELLINGS; URBAN planning; PRICES
- Publication
Land Economics, 1990, Vol 66, Issue 3, p237
- ISSN
0023-7639
- Publication type
Article
- DOI
10.2307/3146726