The Investment Incentive Effects of Land Use Regulations

Posted: 20 Apr 2005

See all articles by Geoffrey K. Turnbull

Geoffrey K. Turnbull

Georgia State University - Department of Economics

Abstract

This paper provides an overview and synthesis of the results from recent studies of how different types of land use regulations affect land development incentives. The presentation is nontechnical and focuses on uncovering general principles for the dynamic effects of such policies. It explains why the risk of regulation leads to faster development of unregulated land and how the effect on structural densities reflects the underlying pattern of growth in the demand for land by competing uses. It also discusses how the general pattern of timing and density responses for regulated property reflect the same growth patterns in demand.

Keywords: land development, land use regulation, regulatory risk, takings

Suggested Citation

Turnbull, Geoffrey K., The Investment Incentive Effects of Land Use Regulations. Available at SSRN: https://ssrn.com/abstract=698242

Geoffrey K. Turnbull (Contact Author)

Georgia State University - Department of Economics ( email )

P.O. Box 3992
Atlanta, GA 30302-3992
United States
404-651-0419 (Phone)
404-651-2737 (Fax)

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