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Erschienen in:
2009 | OriginalPaper | Buchkapitel
Government Land Use Interventions: An Economic Analysis
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Government interventions affect land use outcomes in cities around the world. These interventions are often well meaning, being designed to achieve ends that are thought to be socially desirable. However, since urban real estate markets are complex systems, land use interventions often generate subsidiary effects that are unanticipated by policy makers. These effects can be undesirable, offsetting the benefits that the interventions were intended to capture. The result can then be a net social loss, so that the land use intervention leaves the urban economy in a worse position than where it started.