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THE ECONOMICS OF LAND-ZONING 31
Goetz, Renan-Ulrich; Zilberman, David.
Land-use restrictions are frequently applied to separate polluting from non-polluting activities. In contrast to the existing literature, we incorporate spatial and intertemporal aspects of the problem simultaneously and determine the border of the zones endogenously. The results, based on a two-stage optimization method, show that non-spatially differentiated Pigouvian taxes on the final emissions are able to establish the socially optimal outcome. Second-best instruments alone, such as a spatially differentiated tax on inputs or outputs are not able to support the socially optimal outcome and need to be complemented by land-zoning or land-use taxes. We compare the efficiency of different spatial environmental policies such as land-use taxes or land...
Tipo: Conference Paper or Presentation Palavras-chave: Land-use taxes; Zoning; Land allocation; Environmental Economics and Policy; Land Economics/Use; R52; C61; H23; Q24; R38.
Ano: 2000 URL: http://purl.umn.edu/21828
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