To address the externalities that arise from local land uses, some communities in the United States have turned to Transferable Development Rights (TDRs) as a promising policy tool. TDRs separate the right to develop from the land itself, and create a market that allows those rights to be...

We model residential land use constraints as the outcome of a political economy game between owners of developed and owners of undeveloped land. Land use constraints benefit the former group via increasing property prices but hurt the latter via increasing development costs. In this setting,...

How TDRs work -- Comparing TDRs to other preservation solutions -- The economics of TDRs -- Purchase of development rights -- Density transfer charges -- TDRs and the planning connection -- The seven steps of TDR planning -- Designing sending areas -- Designing receiving areas -- Legal issues --...