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Politics In A Dynamic View Of Land-Use Regulations: Of Interest Groups And Homevoters

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  • William Fischel

Abstract

The nature of land-use regulation differs by type of jurisdiction. Regulatory politics at the local level is the major source of the dynamic consistency problem. Courts are reluctant to enforce the regulatory commitments of previous officials at all levels of government, but the alternative political and reputation constraints on official promise-keeping are most problematic at the local level. Local majoritarianism presents the greatest challenge to attempts to improve the dynamic efficiency of land-use regulation. Copyright Springer Science + Business Media, Inc. 2005

Suggested Citation

  • William Fischel, 2005. "Politics In A Dynamic View Of Land-Use Regulations: Of Interest Groups And Homevoters," The Journal of Real Estate Finance and Economics, Springer, vol. 31(4), pages 397-403, December.
    • Handle: RePEc:kap:jrefec:v:31:y:2005:i:4:p:397-403
    DOI: 10.1007/s11146-005-3289-x
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    References listed on IDEAS

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    1. George J. Stigler, 1971. "The Theory of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 3-21, Spring.
    2. Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65(2), pages 135-135.
    3. Henderson, J Vernon, 1980. "Community Development: The Effects of Growth and Uncertainty," American Economic Review, American Economic Association, vol. 70(5), pages 894-910, December.
    4. Henderson, J Vernon, 1985. "The Tiebout Model: Bring Back the Entrepreneurs," Journal of Political Economy, University of Chicago Press, vol. 93(2), pages 248-264, April.
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    Cited by:

    1. Geoffrey Turnbull, 2005. "Introduction: The Dynamic Perspective in Urban Land Use Policy," The Journal of Real Estate Finance and Economics, Springer, vol. 31(4), pages 351-355, December.
    2. Gabbe, C.J., 2019. "Local regulatory responses during a regional housing shortage: An analysis of rezonings in Silicon Valley," Land Use Policy, Elsevier, vol. 80(C), pages 79-87.
    3. Russell C. Weaver & Jason Knight, 2014. "Evolutionary Mismatch as a General Framework for Land Use Policy and Politics," Land, MDPI, vol. 3(2), pages 1-20, June.
    4. Fang, Limin & Stewart, Nathan & Tyndall, Justin, 2023. "Homeowner politics and housing supply," Journal of Urban Economics, Elsevier, vol. 138(C).

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