An Analysis of Minimum Frontage Zoning to Preserve Lakefront Amenities
研究了威斯康星州北部湖滨地产的最小临街面分区政策，发现开发限制的经济损失可忽略，而保护环境景观的经济收益显著，平均提升临街面价格21.5%。
<i>The development of lakefront property in northern Wisconsin has prompted, in several towns, minimum frontage zoning stricter than the state standard. Such zoning generates an economic loss by constraining development (development effect), and an economic gain by preserving environmental amenities (amenity effect). Estimation of a hedonic price function for lakefront property in northern Wisconsin quantifies these competing effects. The estimation indicates that at the current margin the economic loss from the development effect is negligible, and the economic gain from the amenity effect may be considerable, raising frontage prices by an average of 21.5%.</i>