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Effects of development tax on leapfrog sprawl in a thinly traded land market |
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| Institution: | 1. School of Business, Western Sydney University, Penrith, NSW, Australia;2. School of Business, University of the Sunshine Coast, Maroochydore DC, QLD 4558, Australia;3. School of Commerce, University of South Australia, Adelaide, SA 8001, Australia;4. Shanghai Lixin University of Accounting and Finance, Songjiang District, Shanghai, China |
| Abstract: | A behavior-driven agent-based model of exurban land market is used to assess the effectiveness of development tax on the control of leapfrog development. Acknowledging the stylized fact that land demand decreases while the supply increases along the urban-rural gradient, we show that development tax becomes ineffective when it limits the market competition on undeveloped land. |
| Keywords: | Anti-sprawl Agent-based model Land use Leapfrog Development tax |
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