Land use Controls: The Case of Zoning in the Vancouver Area
This paper explores the relationship between rezoning and changes in observed property values and the ability of zoning to mitigate externalities. Three separate methodologies are used in three locations in metropolitan Vancouver to examine these issues. Our results imply that rezoning does not necessarily lead to changes in land use and value. Further, no evidence was found to support the assertion that there are significant negative externalities due to incompatible land uses in residential property markets. Based on these results, we feel it is reasonable to question the continued use of zoning in developed areas of urban regions. Copyright American Real Estate and Urban Economics Association.
Year of publication: |
1981
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Authors: | Mark, Jonathan H. ; Goldberg, Michael A. |
Published in: |
Real Estate Economics. - American Real Estate and Urban Economics Association - AREUEA. - Vol. 9.1981, 4, p. 418-435
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Publisher: |
American Real Estate and Urban Economics Association - AREUEA |
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