Lai, Lawrence W C; Yu, Marco K W - In: Environment and Planning B: Planning and Design 28 (2001) 2, pp. 295-314
By using a modified Cheung model of price control, we show that discriminatory zoning is economically an inefficient protectionist alternative to nondiscriminatory zoning. The exclusionary zoning on the Peak of Hong Kong arose in order to give Europeans a housing area free from economic price...