Cheshire, Paul C.; Hilber, Christian; Koster, Hans - 2015 - This Version: 25 June 2015
for allocating less land for new construction. So higher vacancy rates tend to trigger tighter restrictions on the supply … of land. Such tighter restrictions lead to higher prices and, because of the incentives this creates for occupying … and other endogeneity concerns, we use a unique panel data set on land use regulation for 350 Local Authorities in England …