Environmental Land Use Restriction and Property Values
نویسندگان
چکیده
Introduction ............................................................................................... 437 I. The Theory of How Legal Restrictions Affect Land Values ................ 439 A. Land Use Supply and Demand ........................................................ 439 B. Urban Land Models ......................................................................... 440 C. Hedonic Studies ............................................................................... 444 D. Theoretical Literature on Environmental Land Use Policies........... 445 E. Towards a Comprehensive Predictive Model .................................. 447 II. Empirical Studies of the Effects of Legal Restrictions on Land Values ........................................................................................................... 450 A. Methodological Challenges ............................................................. 450 B. Urban Growth Boundaries ............................................................... 453 C. Minimum Lot Zoning ...................................................................... 454 D. General Building Restrictions, Wetlands, and Watersheds ............. 457 E. Conservation Easements .................................................................. 460 III. Analysis, Future Research Needs, and Practical Implications ........... 462 Conclusion ................................................................................................. 464
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