Impacts of Land Development Charges
分析了土地开发费在土地供应者、开发商和土地消费者之间的分担方式,及其对需求和开发商利润的影响,取决于土地供需弹性、开发费与固定成本及土地价格的关系。
This paper analyzes the impacts of development charges on urban land development. The way in which the burden of a development charge is shared between land supplier, developer, and land consumer, as well as its impact on demand and on developer's profit, depends on a complex range of factors, including the elasticities of land supply and demand, the relationships between the development charge, the developer's fixed costs, and the raw land and developed land prices before charges are exacted. The policy implications of these findings are discussed.