Zoning Rules!: The Economics of Land Use Regulation
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Zoning Rules!: The Economics of Land Use Regulation
Once dismissed by economists as a paper tiger, municipal zoning is now regarded as a major influence on the development of American cities. Zoning Rules! explores the behavioral basis as well as the economic effects of local government land use regulation. This requires not just an economic model of how zoning works but a deeper understanding of the social, political, and technological factors that guided its history over the last century. Zoning’s popularity is due to its success in protecting the value of single family homes, and anti-sprawl reforms must take this into account.