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Municipal Monopoly Power and the Supply of Residential Development Rights

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  • Laurie J. Bates

    (Bryant College)

Abstract

This study provides a theoretical and empirical framework that emphasizes the importance of municipal monopoly power on decisions about such land use controls as lot-size requirements and allowable use. The main hypothesis is that the quantity of the residential development rights supplied depends on the monopoly power or unique characteristics of a community. Indices of demographic, spatial and geographic uniqueness are developed for a sample of Connecticut communities. The empirical results suggest that unique communities tend to restrict residential development rights, as exemplified by larger lot sizes and smaller numbers of zoned residential parcels.

Suggested Citation

  • Laurie J. Bates, 1993. "Municipal Monopoly Power and the Supply of Residential Development Rights," Eastern Economic Journal, Eastern Economic Association, vol. 19(2), pages 173-184, Spring.
    • Handle: RePEc:eej:eeconj:v:19:y:1993:i:2:p:173-184
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    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume19/V19N2P173_184.pdf
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    References listed on IDEAS

    as
    1. Fischel, William A., 1980. "Zoning and the exercise of monopoly power: A reevaluation," Journal of Urban Economics, Elsevier, vol. 8(3), pages 283-293, November.
    2. Rolleston, Barbara Sherman, 1987. "Determinants of restrictive suburban zoning: An empirical analysis," Journal of Urban Economics, Elsevier, vol. 21(1), pages 1-21, January.
    3. Buchanan, James M. & Goetz, Charles J., 1972. "Efficiency limits of fiscal mobility: An assessment of the tiebout model," Journal of Public Economics, Elsevier, vol. 1(1), pages 25-43, April.
    4. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    5. Caves, Richard E & Williamson, Peter J, 1985. "What Is Product Differentiation, Really?," Journal of Industrial Economics, Wiley Blackwell, vol. 34(2), pages 113-132, December.
    6. Hamilton, Bruce W., 1978. "Zoning and the exercise of monopoly power," Journal of Urban Economics, Elsevier, vol. 5(1), pages 116-130, January.
    7. Rose, Louis A., 1989. "Urban land supply: Natural and contrived restrictions," Journal of Urban Economics, Elsevier, vol. 25(3), pages 325-345, May.
    8. Edelson, Noel M., 1976. "Voting equilibria with market-based assessments," Journal of Public Economics, Elsevier, vol. 5(3-4), pages 269-284.
    9. Ohls, James C. & Weisberg, Richard Chadbourn & White, Michelle J., 1974. "The effect of zoning on land value," Journal of Urban Economics, Elsevier, vol. 1(4), pages 428-444, October.
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    Cited by:

    1. Laurie Bates & Rexford Santerre, 2006. "Leviathan in the Crosshairs," Public Choice, Springer, vol. 127(1), pages 133-145, April.

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    More about this item

    Keywords

    Land Use;

    JEL classification:

    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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