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Residential Community Associations (RCAs) are quickly becoming a common but controversial feature of the housing market. Previously published empirical work on the impact of RCA zoning has been limited in institutional detail and has not corrected for spatial autocorrelation. This paper uses...
Persistent link: https://www.econbiz.de/10005748295
Residential community associations (RCAs) are said to be an efficient institutional agreement to limit local spillovers. While several studies have identified a positive marginal effect of RCA rules, none have explicitly measured the effectiveness of these institutions to limit local...
Persistent link: https://www.econbiz.de/10009386258
This paper investigates the impact of municipal formation, and subsequent change in land-use restrictions on existing deed-restricted subdivisions (DRSs) using a unique case in the suburbs of Saint Louis County: the city of Wildwood incorporated in 1995 even though a majority of houses were...
Persistent link: https://www.econbiz.de/10008619483