An Examination of the Monopoly Zoning Hypothesis
研究了分区法规对房价的影响，发现城镇的垄断权力越强，房价越高，这对理解城市住房市场差异有帮助。
There have been several studies that have investigated the effect of zoning on housing prices. One hypothesis is that the restrictiveness of zoning laws will vary with the monopoly power of a town. The degree of monopoly power varies with the number of towns in the urban area. Urban areas with few zoning jurisdictions are likely to have higher housing prices than more fragmented urban areas. Previous research on this topic has shown mixed results. The results in this article suggest that towns with more monopoly power do tend to have significantly higher housing prices than more fragmented urban areas.