The Economics of Zoning Laws: A Property Rights Approach to American Land Use Controls
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The Economics of Zoning Laws: A Property Rights Approach to American Land Use Controls

The Economics of Zoning Laws: A Property Rights Approach to American Land Use Controls

By
William A. Fischel (Author)  

Paperback

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Land use controls can affect the quality of the environment, the provision of public services, the distribution of income and wealth, the development of natural resources, and the growth of the national economy. The Economics of Zoning Laws is the first book to apply the modern economic theory of property rights to all major aspects of zoning. Zoning laws are neither irrational constrints on otherwise efficient markets nor disinterested attempts to correct market failure. Rather, zoning must be viewed as a collective property right, vested in local governments and administered by politicians who rationally repsond to their constituents and to developers as markets for development rights arise. The Economics of Zoning Laws develops the economic theories of property rights and public choice and applies them to three zoning controversies: the siting of a large industrial plant, the exclusionary zoning of the suburbs, and the constitutional protection of propery owners from excessive regulation. Economic and legal theory, William Fischel contends, suggest that payment of damages under the taking clause of the Constitution may provide the most effective remedy for excessive zoning regulations. CPSIA choking or other US hazard warning - No California Proposition 65 hazard warning necessary
William A. Fischel is professor of economics at Dartmouth College.
  • Contributor: William A. Fischel
  • Imprint: Johns Hopkins University Press
  • ISBN13: 9780801835629
  • Number of Pages: 400
  • Packaged Dimensions: 152x229mm
  • Packaged Weight: 539
  • Format: Paperback
  • Publisher: Johns Hopkins University Press
  • Release Date: 1987-08-01
  • Binding: Paperback / softback
  • Biography: William A. Fischel is professor of economics at Dartmouth College.

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