This paper assesses the static and dynamic neutrality of Land Value Capture (LVC) in the Colombian urban system 2003–2018, using spatially and non-spatially controlled panel models. LVC analyses are usually performed at the city or metropolitan area level, we contribute by performing the...

We develop and test a demand-side theory of the effect of regulation on land prices, where regulation determines higher urban environment quality by city sections. Our theory opposes supply-side neoclassical models where regulation increases prices due to limiting the supply of built...