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Urban growth controls: transitional dynamics of development fees and growth boundaries

机译:城市增长控制:发展费用和增长边界的过渡动态

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摘要

This paper investigates how development fees and urban growth boundaries affect urban development when the short run construction supply function is upward sloped (i.e., convex development costs). Whereas the policies are equivalent in the traditional static model, dynamic analysis reveals important differences out of the steady state. In particular, the development fee that is efficient in the steady state is also dynamically efficient. In contrast, the long run efficient urban growth boundary generates inefficiently fast development out of the steady state. The results are robust with or without location rents and perfect or myopic foresight assumptions.
机译:本文研究了当短期建筑供应函数向上倾斜(即凸出的开发成本)时,开发费和城市增长边界如何影响城市发展。尽管这些策略在传统的静态模型中是等效的,但动态分析揭示了稳态之外的重要差异。特别地,在稳态下有效的开发费用也是动态有效的。相反,长期有效的城市增长边界会在稳定状态之外产生无效的快速发展。无论有无地租,以及完美或近视的远见假设,结果都是可靠的。

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