Regulation, Open Space, and the Value of Land Undergoing Residential Subdivision
研究了森林保护要求和分区管制对住宅细分土地价值的影响，发现森林保护法规增加了开发商提供的森林开放空间，而最小地块面积分区则促进了城市蔓延。
<i>We investigate the effects of forest conservation requirements and zoning on the value of land undergoing subdivision. Land prices are increasing in the percentage of subdivision acreage developers are required to keep in forest, suggesting that forest conservation regulations increase the amounts of forested open space that developers provide. Benefits from open-space amenities remain largely internal to the subdivision, so that land market incentives mitigate the justification for open space preservation policies. Consistent with theoretical predictions that zoning promotes sprawl, we find that minimum-lot-size zoning constrains developers of closer-in subdivisions where public sewers are available.</i>