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Title: On the Origins of Land Use Regulations: Theory and Evidence from US Metro Areas

Author(s): Christian A. L. Hilber and Frédéric Robert-Nicoud

Publication Date: November 2012

Keyword(s): housing supply, land ownership, Land use regulations and zoning

Programme Area(s): International Trade and Regional Economics

Abstract: We model residential land use constraints as the outcome of a political economy game between owners of developed and owners of undeveloped land. Land use constraints benefit the former group via increasing property prices but hurt the latter via increasing development costs. In this setting, more desirable locations are more developed and, as a consequence of political economy forces, more regulated. These predictions are consistent with the patterns we uncover at the US metropolitan area level.

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Bibliographic Reference

Hilber, C and Robert-Nicoud, F. 2012. 'On the Origins of Land Use Regulations: Theory and Evidence from US Metro Areas'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=9206