Economics and Land Use Planning

by Evans, Alan W.

• ISBN13: 9781405118613
• ISBN10: 140511861X
• Edition: 1st
• Format: Paperback
• Copyright: 2004-10-01
• Publisher: Wiley-Blackwell

Summary

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?

Author Biography

Alan Evans, Professor of Environmental Economics, Centre for Spatial and Real Estate Economics, School of Business, University of Reading.

Table of Contents

Preface	xi
Introduction	1	(12)
What is planning?	1	(3)
Prediction or control	4	(3)
Professional or political?	7	(2)
What ought planning to be: an economic viewpoint	9	(4)
Market Failure and Welfare Economics -- A Justification for Intervention	13	(10)
Introduction	13	(3)
The analysis of external diseconomies	16	(4)
Politics and the distribution of welfare	20	(3)
Evaluation and Planning	23	(14)
Introduction	23	(1)
Cost--benefit analysis	24	(2)
The valuation of social costs and benefits	26	(3)
PBSA/CIA/CIE	29	(2)
Alternative non-economic approaches	31	(3)
Economic evaluation and political choice	34	(3)
Controlling the Density of Development	37	(12)
Introduction	37	(1)
Residential density controls	38	(4)
Control of office floor space	42	(4)
Conclusion	46	(3)
Zoning and Conservation	49	(10)
Introduction	49	(1)
Zoning	50	(5)
Heritage, historic districts and conservation	55	(3)
Conclusions	58	(1)
Green Belts, Growth Controls and Urban Growth Boundaries	59	(16)
Introduction	59	(1)
The economics of a green belt	60	(2)
Green belts in Britain	62	(5)
The green belt in South Korea	67	(2)
Growth controls and urban growth boundaries in the USA	69	(3)
Evaluation	72	(1)
Conclusions	73	(2)
Planning and the Land Market	75	(14)
Introduction	75	(1)
Ricardian theory	76	(3)
An alternative (neoclassical) view	79	(3)
The supply of land for a particular use	82	(5)
Conclusions	87	(2)
The Division of the Spoils: Profits, Planning Gain, Premium Seeking and Taxation	89	(22)
Introduction	89	(1)
A diagrammatic analysis	90	(3)
The beneficiaries	93	(10)
Planning gain, premium seeking and probability	103	(5)
Planning gain, premium seeking and welfare	108	(2)
Conclusions	110	(1)
Impact Fees	111	(14)
Introduction	111	(1)
Impact fees in theory and practice	112	(2)
Distributional effects	114	(3)
Impact fees in the United Kingdom	117	(2)
Developer contributions and environmental impact fees	119	(4)
Summary and conclusions	123	(2)
The Economic Consequences of Higher Land Values	125	(22)
Introduction	125	(1)
Land use policies and land prices	126	(5)
Adjustment in the housing market	131	(8)
Commercial and other uses	139	(4)
Factor price equalisation	143	(2)
Conclusions	145	(2)
The Macroeconomic Effects of Planning Constraints	147	(16)
Introduction	147	(1)
The elasticity of supply of housing and economic booms and slumps	147	(3)
Housing land availability in Britain	150	(3)
The rate of saving and price of housing and property	153	(2)
Cities, growth and agglomeration economies	155	(3)
Competitiveness	158	(2)
Conclusions	160	(3)
Methods of Planning	163	(20)
Introduction	163	(1)
Controls and taxes	163	(7)
The degree of control of detail	170	(6)
The supply of land by government	176	(4)
Conclusions	180	(3)
Politics, Public Choice and Political Economy	183	(16)
Introduction	183	(1)
Economics, the regulator and the regulated	184	(2)
The farming industry and the rural population	186	(2)
Public participation, public choice	188	(4)
Economic welfare and the planning system	192	(2)
Sustainability	194	(2)
In conclusion	196	(3)
References	199	(8)
Index	207