Economics and Land Use Planning

The book's aim is to draw together the economics literature relating to planning and set it out systematically. It analyses the economics of land use planning and the relationship between economics and planning and addresses questions like: What are the limits of land use planning and the extent of its objectives?; Is the aim aesthetic?; Is it efficiency?; Is it to ensure equity?; Or sustainability?; And if all of these aims, how should one be balanced against another?

Alan Evans, Professor of Environmental Economics, Centre for Spatial and Real Estate Economics, School of Business, University of Reading.

Preface

xi

Introduction

1

(12)

What is planning?

1

(3)

Prediction or control

4

(3)

Professional or political?

7

(2)

What ought planning to be: an economic viewpoint

9

(4)

Market Failure and Welfare Economics -- A Justification for Intervention

13

(10)

Introduction

13

(3)

The analysis of external diseconomies

16

(4)

Politics and the distribution of welfare

20

(3)

Evaluation and Planning

23

(14)

Introduction

23

(1)

Cost--benefit analysis

24

(2)

The valuation of social costs and benefits

26

(3)

PBSA/CIA/CIE

29

(2)

Alternative non-economic approaches

31

(3)

Economic evaluation and political choice

34

(3)

Controlling the Density of Development

37

(12)

Introduction

37

(1)

Residential density controls

38

(4)

Control of office floor space

42

(4)

Conclusion

46

(3)

Zoning and Conservation

49

(10)

Introduction

49

(1)

Zoning

50

(5)

Heritage, historic districts and conservation

55

(3)

Conclusions

58

(1)

Green Belts, Growth Controls and Urban Growth Boundaries

59

(16)

Introduction

59

(1)

The economics of a green belt

60

(2)

Green belts in Britain

62

(5)

The green belt in South Korea

67

(2)

Growth controls and urban growth boundaries in the USA

69

(3)

Evaluation

72

(1)

Conclusions

73

(2)

Planning and the Land Market

75

(14)

Introduction

75

(1)

Ricardian theory

76

(3)

An alternative (neoclassical) view

79

(3)

The supply of land for a particular use

82

(5)

Conclusions

87

(2)

The Division of the Spoils: Profits, Planning Gain, Premium Seeking and Taxation

89

(22)

Introduction

89

(1)

A diagrammatic analysis

90

(3)

The beneficiaries

93

(10)

Planning gain, premium seeking and probability

103

(5)

Planning gain, premium seeking and welfare

108

(2)

Conclusions

110

(1)

Impact Fees

111

(14)

Introduction

111

(1)

Impact fees in theory and practice

112

(2)

Distributional effects

114

(3)

Impact fees in the United Kingdom

117

(2)

Developer contributions and environmental impact fees

119

(4)

Summary and conclusions

123

(2)

The Economic Consequences of Higher Land Values

125

(22)

Introduction

125

(1)

Land use policies and land prices

126

(5)

Adjustment in the housing market

131

(8)

Commercial and other uses

139

(4)

Factor price equalisation

143

(2)

Conclusions

145

(2)

The Macroeconomic Effects of Planning Constraints

147

(16)

Introduction

147

(1)

The elasticity of supply of housing and economic booms and slumps

147

(3)

Housing land availability in Britain

150

(3)

The rate of saving and price of housing and property

153

(2)

Cities, growth and agglomeration economies

155

(3)

Competitiveness

158

(2)

Conclusions

160

(3)

Methods of Planning

163

(20)

Introduction

163

(1)

Controls and taxes

163

(7)

The degree of control of detail

170

(6)

The supply of land by government

176

(4)

Conclusions

180

(3)

Politics, Public Choice and Political Economy

183

(16)

Introduction

183

(1)

Economics, the regulator and the regulated

184

(2)

The farming industry and the rural population

186

(2)

Public participation, public choice

188

(4)

Economic welfare and the planning system

192

(2)

Sustainability

194

(2)

In conclusion

196

(3)

References

199

(8)

Index

207

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Economics and Land Use Planning

Summary

Author Biography

Table of Contents

Supplemental Materials

FREE SHIPPING

Rent More, Save More! Use code: BBRENTAL

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Economics and Land Use Planning

Summary

Author Biography

Table of Contents

Supplemental Materials

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