THE IMPACT OF STATE LAND‐USECONTROLS ON RESIDENTIAL LAND VALUES
研究了州级土地使用管制如何影响住宅用地的总需求和总供给，发现管制对供需双方都有显著影响。
ABSTRACT In this paper, we examine the effects of state land‐use controls on the aggregate demand and supply of residential land. Previous studies have examined the effect of land‐use regulation on housing prices using single‐equation estimation. We estimate a three‐equation intejurisdidional supply‐demand model of land‐use controls. Our results suggest that land‐use regulations have a significant impact on both the demand and supply of residentid land as expected.