Spatial-equilibrium analysis of transferable development rights |
| |
| Authors: | Bruce E Carpenter Dennis R Heffley |
| |
| Institution: | Department of Economics, George Mason University, Fairfax, Virginia 22030 USA;Department of Economics, The University of Connecticut, Storrs, Connecticut 06268 USA |
| |
| Abstract: | Transfer of development rights (TDR) programs combine low-density incentives with zoning flexibility to generate a market for development rights and to redirect land-use patterns. A differentiated spatial-equilibrium model is used to study the impacts of brokered and unbrokered TDR programs on rents, consumption/location patterns, household utility, and property-tax revenues. Properties of the TDR market, the relationship of TDR systems to uncontrolled and zoned economies, and questions regarding the optimal control of a TDR program are also examined. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
