The economic consequences of regulatory taking risk on land value and development activity

被引：46
|
作者：
Riddiough, TJ
机构：
[1] Massachusetts Inst. of Technology, Dept. of Urban Studies and Planning, Center for Real Estate, Cambridge
来源：
JOURNAL OF URBAN ECONOMICS | 1997年 / 41卷 / 01期
关键词：
D O I：
10.1006/juec.1996.1089
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper the real options approach to land valuation is extended by: (i) showing how land value may be adversely effected when localities threaten a regulatory taking with less than full compensation, (ii) quantifying the resulting probability of development, which may increase in an attempt to thwart the taking of development rights; and (iii) measuring the value of lost income on an ex ante basis when an interim taking occurs. We find that the economic impact of such regulation can be substantial, which has implications for measuring just compensation claims as well as for general land use regulatory policy and related legal theory. (C) 1997 Academic Press
引用
收藏
页码：56 / 77
页数：22
相关论文
共 50 条
  • [1] RISK-TAKING AND ECONOMIC DEVELOPMENT
    CHAUBEY, NP
    SINHA, D
    [J]. REVUE INTERNATIONALE DE PSYCHOLOGIE APPLIQUEE, 1974, 23 (01): : 55 - 60
  • [2] The economic consequences of extending the use of fair value accounting in regulatory capital calculations
    Chircop, Justin
    Novotny-Farkas, Zoltan
    [J]. JOURNAL OF ACCOUNTING & ECONOMICS, 2016, 62 (2-3): : 183 - 203
  • [3] The economic consequences of a land tax
    Mills, ES
    [J]. LAND VALUE TAXATION: CAN IT AND WILL IT WORK TODAY?, 1998, : 31 - 48
  • [4] REGULATORY IMPACT ANALYSIS AND LEGAL PRAGMATISM: TAKING REGULATORY CONSEQUENCES SERIOUSLY
    Rezende Oliveira, Rafael Carvalho
    [J]. QUAESTIO IURIS, 2021, 14 (01): : 463 - 480
  • [5] The economic consequences of extending the use of fair value accounting in regulatory capital calculations: A discussion
    Laux, Christian
    [J]. JOURNAL OF ACCOUNTING & ECONOMICS, 2016, 62 (2-3): : 204 - 208
  • [6] The Economic Consequences of Accounting Standards: Evidence from Risk-Taking in Pension Plans
    Anantharaman, Divya
    Chuk, Elizabeth C.
    [J]. ACCOUNTING REVIEW, 2018, 93 (04): : 23 - 51
  • [7] The economic value of water: The contradictions and consequences of a prominent development model in Namibia
    Schnegg, Michael
    Kiaka, Richard Dimba
    [J]. ECONOMIC ANTHROPOLOGY, 2019, 6 (02): : 264 - 276
  • [8] The economic consequences of a land tax - Commentary
    Anas, A
    [J]. LAND VALUE TAXATION: CAN IT AND WILL IT WORK TODAY?, 1998, : 49 - 59
  • [9] ECONOMIC CONSEQUENCES OF LAND REFORM IN TAIWAN
    KOO, AYC
    [J]. ASIAN SURVEY, 1966, 6 (03) : 150 - 157
  • [10] ECONOMIC CONSEQUENCES OF LAND SURFACE SUBSIDENCE
    FOWLER, LC
    [J]. JOURNAL OF THE IRRIGATION AND DRAINAGE DIVISION-ASCE, 1981, 107 (02): : 151 - 159
12345