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The Economics Of Eyesores

Author

Listed:
  • John H. Cumberland

    (University of Maryland)

  • Leon Taylor

    (Tulane University)

Abstract

Few economic analyses exist of aesthetics regulation, an important tool for land-use planning. This paper uses simple geometry to calculate the Pareto-efficient height of an eyesore as well as its efficient distance from areas frequented by viewers. The paper provides a formula for a two-part Pigouvian tax to control eyesores as well as guidelines for its calculation. A tax is often more likely than conventional zoning instruments to enhance efficiency in the control of smoke plumes, signs, high-rises, and towers. As a more politically attractive alternative to the full compensation that eyesore laws mandate today, the paper recommends lump-sum compensation.

Suggested Citation

  • John H. Cumberland & Leon Taylor, 1994. "The Economics Of Eyesores," The Review of Regional Studies, Southern Regional Science Association, vol. 24(2), pages 161-176, Fall.
    • Handle: RePEc:rre:publsh:v24:y:1994:i:2:p:161-176
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    References listed on IDEAS

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    1. William D. Schulze & Ralph C. d'Arge & David S. Brookshire, 1981. "Valuing Environmental Commodities: Some Recent Experiments," Land Economics, University of Wisconsin Press, vol. 57(2), pages 151-172.
    2. Brookshire, David S. & Ives, Berry C. & Schulze, William D., 1976. "The valuation of aesthetic preferences," Journal of Environmental Economics and Management, Elsevier, vol. 3(4), pages 325-346, December.
    3. Abelson, Peter W., 1979. "Property prices and the value of amenities," Journal of Environmental Economics and Management, Elsevier, vol. 6(1), pages 11-28, March.
    4. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    5. Rowe, Robert D. & D'Arge, Ralph C. & Brookshire, David S., 1980. "An experiment on the economic value of visibility," Journal of Environmental Economics and Management, Elsevier, vol. 7(1), pages 1-19, March.
    6. Randall, Alan & Ives, Berry & Eastman, Clyde, 1974. "Bidding games for valuation of aesthetic environmental improvements," Journal of Environmental Economics and Management, Elsevier, vol. 1(2), pages 132-149, August.
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    Cited by:

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    2. Madden, Gary G & Coble-Neal, Grant, 2002. "Internet economics and policy: An Australian perspective," MPRA Paper 10686, University Library of Munich, Germany.
    3. Madden, Gary & Coble-Neal, Grant, 2004. "Economic determinants of global mobile telephony growth," Information Economics and Policy, Elsevier, vol. 16(4), pages 519-534, December.

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