The Efficiency of Speculation in Urban Land-Reference-Cited by-同舟云学术

The Efficiency of Speculation in Urban Land

Published:1976-06 Issue:4 Volume:8 Page:411-422
ISSN:0308-518X
Container-title:Environment and Planning A: Economy and Space
language:en
Short-container-title:Environ Plan A

Author:

Capozza D R¹

Affiliation:

1. University of Southern California, Los Angeles, California 90007, USA

Abstract

This paper analyzes the effect of speculation in land at the urban periphery on resource allocation. A simple dynamic model of residential location is developed and its properties are analyzed both qualitatively and numerically. One finding is that social costs in a typical city are increased by about three to seven per cent as a result of speculative increases in the value of idle land. Appropriate tax policies are studied.

Publisher

SAGE Publications

Subject

Environmental Science (miscellaneous),Geography, Planning and Development

Link

http://journals.sagepub.com/doi/pdf/10.1068/a080411

Reference16 articles.

1. Undeveloped Land Prices During Urbanization: A Micro-Empirical Study Over Time

2. A LAND SPECULATION MODEL: THE ROLE OF THE PROPERTY TAX AS A CONSTRAINT TO URBAN SPRAWL†

3. Urban Sprawl and Speculation in Suburban Land

4. Influence of Urbanization on Land Values at the Urban Periphery

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