Economics, real estate, and the supply of land / Alan W. Evans.

Format:

Book

Author/Creator:

Evans, Alan W.

Contributor:

RICS Foundation.

Series:

Real estate issues (Oxford, England)

Real estate issues

Language:

English

Subjects (All):

Real estate development.

Land use--Economic aspects.

Land use.

Economics.

Physical Description:

1 online resource (274 p.)

Edition:

1st ed.

Place of Publication:

Oxford, UK ; Malden, Mass. : Blackwell, 2004.

Language Note:

English

Summary:

The book draws together the economic literature relating to the supply of land for development. The standard view appears to be that the owners of land have no interest other than to allow their land to be used for the activity which would yield the highest income. But in reality this is not so and the book's aim is to demonstrate this, to set out the reasons and to show the economic effects of the fact that landowners have other motives.The book covers the supply of land for urban development and shows how land has characteristics which differentiate it from other factors of production

Contents:

Economics, Real Estate and the Supply of Land; Contents; Preface; 1 Introduction: The Market for Land and Property; The supply of land; The demand for land; The development of a theory of the supply of land; 2 Land Values, Rents and Demand; Introduction; Ricardian rent theory; Neoclassical rent theory; Ricardian theory remembered; Planning controls and rent theory; Hierarchical planning systems; Urban rent theory; Rents, economic and commercial; Summary and conclusion; 3 Coping with Changes in Demand; Introduction; The extensive margins; The intensive margin

Capital longevity and the asymmetry of change The process of change in the housing market; Summary and conclusions; 4 How Efficient is the Property Market?; Introduction; The economic concept of efficiency; Efficient markets; The evidence; Tests of market efficiency; Conclusions; 5 Market Inefficiency: Causes and Consequences; Introduction; Why the property market is imperfect and inefficient; Price determination and the theory of the core; The consequences; Conclusions; 6 The Supply of Land for a Particular Use: Speculation and Uncertainty; Introduction; Speculation; Uncertainty

Summary and conclusions 7 The Supply of Land for a Particular Use: Occupier Performances and Residential Attachment; Introduction; Owner occupier attachment; Some empirical evidence; Summary and conclusions; 8 The Ownership of Land and Change in its Use; Introduction; Tenants, owner occupiers and the supply of land; Ownership and change; Summary and conclusions; 9 Land Ownership, Politics and Society; Introduction; Society and the ownership of land; Alternative forms of ownership and tenancy; A libertarian view; Summary; 10 Ownership and Control: Monopoly; Introduction

Monopoly rents and wine production Monopoly rents and shopping centres; Summary and conclusions; 11 Ownership and Control: Minimum Rents; Introduction; Minimum rents; Minimum rents in an urban environment; Summary and conclusions; 12 Information, Uncertainty and the Property Market; Introduction; Modelling the search for information; Information, search and the property market; Searching for housing in practice; The housing market; The developer and land supply restrictions; Summary and conclusions; 13 Land Availability and Land Banking; Introduction; Land availability

Land banking by private firms Public land banking; Summary and conclusions; 14 Contiguity: Site Assembly; Introduction; A game theory approach; A question of time; Conclusion; 15 Contiguity: Compulsory Purchase and the Scale of Development; Introduction; Compulsory purchase and the speed of acquisition; Scale economies, acquisition costs and history; Summary and conclusion; 16 Contiguity: Land Reallocation and the Price of Land; Introduction; Land reallocation and adjustment; Size of site and the price of land; Summary and conclusions; 17 The Taxation of Land and Development Gains

Introduction

Notes:

"RICS Foundation"--Cover.

Includes bibliographical references (p. [249]-255) and index.

ISBN:

9786612342431

9781282342439

1282342436

9780470698860

0470698861

9780470698327

0470698322

OCLC:

609849459