Economics and Land Use Planning
The book's aim is to draw together the economics literature relating to planning and set it out systematically. It analyses the economics of land use planning and the relationship between economics and planning and addresses questions like: What are the limits of land use planning and the extent of its objectives?; Is the aim aesthetic?; Is it efficiency?; Is it to ensure equity?; Or sustainability?; And if all of these aims, how should one be balanced against another?
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2 Market Failure and Welfare Economics A Justification for Intervention
3 Evaluation and Planning
4 Controlling the Density of Development
5 Zoning and Conservation
6 Green Belts Growth Controls and Urban Growth Boundaries
7 Planning and the Land Market
8 The Division of the Spoils Profits Planning Gain Premium Seeking and Taxation
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agricultural land amount of land application argued availability of land Britain British buildings central government centre chapter consequence construction costs and benefits deadweight loss decision demand curve demand for land density of development economists ensure environmental evidence example existing expected external diseconomies factor factor of production Figure firms greater green belt higher horizontal axis house prices impact fees income increase indicated industry intervention land for development land for housing land owners land prices land use planning land values less London lower maximise negative operation Pareto optimal planners planning constraints planning controls planning gain planning permission planning policy planning system political position possible premium seeking expenditure price of housing price of land proposal reasons rent rent seeking represented residential result sloping social costs South Korea southern England space supply of land urban area urban growth boundary urban sprawl vertical axis welfare economics zoning