Determinants of restrictive suburban zoning: an empirical analysis
Article Abstract:
Little is known about the determinants of restrictive suburban zoning, and the adverse effects of restrictive zoning cannot be reduced without knowledge of zoning determinants. Some urban planners believe that suburban zoning distorts existing property markets, denies some homeowners equal access to public services, erects barriers to the population's mobility, and slows economic and social integration of the population. In this investigation of suburban zoning, a model is developed to identify the causes underlying zoning laws and decisions. The model, the research scenario, and the zoning measurements are described. The tested hypotheses are defined. Results indicate that fiscal and exclusionary motives are important determinants of restrictive zoning beyond fair planning and interest in general local welfare.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 1987
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Inflation and housing demand: a new perspective
Article Abstract:
A structural model of the housing market (which incorporates the supply of housing investment, the demand for housing stock, and the demand for housing services) demonstrates that real house price elasticity estimates, in regard to user costs, are downwardly biased due to a problem in errors-in-variables. The significance of mortgage provisions, land and structure substitutability, and housing supply are described. The data series is discussed, and the model is employed to examine new house price determinants during the period from 1971 through 1978 in 42 metropolitan areas. Difficulties associated with modeling expectations are addressed with the errors-in-variables model. Literature-created conflicts concerning the effects of inflation on the housing market are reduced by this analysis.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 1987
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The distribution of benefits among public housing tenants in Hong Kong and related policy issues
Article Abstract:
The distribution of benefits among public housing tenants in Hong Kong is analyzed. The public housing program is judged to be inefficient because it makes rich tenants consume too little housing and it causes poor tenants to consume too much housing. Many of the poor tenants who obtained benefits were not in the public housing program. Existing public housing allocation policies are discussed in light of these findings.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 1988
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