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| Wu, JunJie; Adams, Richard M.; Plantinga, Andrew J.. |
| This paper analyzes the effect of open space and other amenities on housing prices and development density within the framework of an urban equilibrium model. The model is estimated as a system of equations that includes households' residential choice decisions and developers' development decisions and emphasizes the importance of amenities in the formation of development patterns and property values. The model is applied to Portland, Oregon, where ambitious open space programs have been implemented. The results suggest that amenities are important: households are willing to pay more for newer houses located in areas of less dense development, with more open space, better views, less traffic congestion, and near amenity locations. For the developer,... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Community/Rural/Urban Development; R11; R21; R31. |
| Ano: 2003 |
URL: http://purl.umn.edu/21961 |
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| Waldorf, Brigitte S.; Byun, Pillsung; Florax, Raymond J.G.M.. |
| Since the 1970s, growth controls spread across many metropolitan regions in the United States. Several studies address the effects of local growth controls on housing markets, particularly its price effect, which is induced by rising construction cost, constrained housing supply, improved amenities, and market reorientation of homebuilders. However, only few studies explicitly address inter-jurisdictional spatial spillovers and strategic interaction of policy-makers of different jurisdictions in the design of growth control policies. This study focuses on two housing market outcomes, supply of new housing and market orientation, and utilizes a spatial econometric framework to systematically investigate local and global spatial spillovers giving rise to... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Spatial spillovers; Growth controls; Housing supply; Market orientation; Public Economics; C21; H23; H73; R31. |
| Ano: 2005 |
URL: http://purl.umn.edu/19574 |
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| Kovacs, Kent F.. |
| Using county-level panel data, we estimate duration models to study the timing of rapid farmland conversion events. Results suggest that income and the proximity to major highways are the principal determinants of rapid conversion events (and also responsible for prolonging these events). In particular, an increase in income of 1% is found to hasten the time to a rapid conversion event by 111% and to extend the time back to a slow state of conversion by 76%. On the other hand, valuable agricultural land and high property taxes extend the time to a rapid conversion event (and also hasten the time back to a slow state of conversion). An increase in the value of agricultural production per acre extends the time to a rapid conversion event by 14% and hastens... |
| Tipo: Journal Article |
Palavras-chave: Farmland conversion; Semi-parametric duration analysis; Differential Assessment; Location and land use; Agricultural Finance; Land Economics/Use; R11; R21; R31. |
| Ano: 2009 |
URL: http://purl.umn.edu/49252 |
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| Gottlieb, Paul D.; O'Donnell, Anthony; Rudel, Thomas; O'Neill, Karen; McDermott, Melanie. |
| Local governments in the United States use a wide range of tools to preserve rural landscapes. Some of these tools, like the purchase or transfer of development rights, are generally welcomed by farmers and other large landowners. Other tools, like increasing the minimum lot size in a town’s agricultural zone, are more controversial because they are believed to have negative effects on landowner wealth. In this contentious policy environment, it would be useful to know which land use tools actually work to control residential growth, thus achieving the consensual objective of rural preservation. It is reasonable to suppose that large-lot zoning and open space preservation will both reduce the number of homes in a community when it is fully developed.... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land use; Farmland preservation; Zoning; Housing; Community/Rural/Urban Development; Land Economics/Use; R52; R14; R31. |
| Ano: 2009 |
URL: http://purl.umn.edu/49310 |
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