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Maximum floor area ratio (FAR) regulation is widely imposed in cities to mitigate negative population externalities (e.g. congestion). This paper presents determination of optimal FAR regulation in a two-zone city with a growing population. Results show the following. 1) Maximum FAR regulation...
Persistent link: https://www.econbiz.de/10004994461
Using a fully closed monocentric urban setup with unpriced transport congestion, this paper discusses a second best allocation implemented by spatially-variable excise subsidies, or taxes, on housing and the possibility of replacing it by floor area ratio (FAR) regulations. It turns out that the...
Persistent link: https://www.econbiz.de/10010594978
This paper numerically evaluates the efficiency of regulations on building size and city size in a congested closed city by comparing welfare gain with that achieved under a first-best toll regime. Results show that whereas the urban growth boundary (UGB) is a poor substitute for the toll regime...
Persistent link: https://www.econbiz.de/10010574105