IS ZONING A POSITIVE-SUM GAME?

Zoning is typically deemed a negative-sum game accompanied by a call for the establishment of a market for development rights. Using a formal one-stage game of a typical zoning lottery, I demonstrate that zoning is not exclusively negative-sum, but can also be positive-sum, even with internalized so...

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Bibliographic Details
Published in:Studies in economics and finance (Charlotte, N.C.) N.C.), 1999-04, Vol.19 (2), p.3
Main Author: Asadoorian, Malcolm O
Format: Article
Language:English
Subjects:
Costs
Landowners
Monopolies
Property rights
Public services
Rent-seeking
Statistical analysis
Studies
Suburban areas
Theory
Zoning
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Summary:Zoning is typically deemed a negative-sum game accompanied by a call for the establishment of a market for development rights. Using a formal one-stage game of a typical zoning lottery, I demonstrate that zoning is not exclusively negative-sum, but can also be positive-sum, even with internalized social costs. [PUBLICATION ABSTRACT]
ISSN:1086-7376
1755-6791