A COMMENT ON ZONING, RETURNS TO SCALE, AND THE VALUE OF UNDEVELOPED LAND

被引：38

作者：

COLWELL, PF ^{[1
]}

SIRMANS, CF ^{[1
]}

机构：

[1] UNIV CONNECTICUT,STORRS,CT 06268

来源：

REVIEW OF ECONOMICS AND STATISTICS | 1993年 / 75卷 / 04期

关键词：

D O I：

10.2307/2110041

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper revisits the relationship between land value and parcel sizse. We demonstrate that, using a simple arbitrage equilibrium argument, the value-size relationship is convex (concave) whenever land assembly (subdivision) is possible. We also explore further the impact of zoning on market outcomes.

引用

收藏

页码：783 / 786

页数：4

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