File Download
Supplementary

Conference Paper: Geography, regulation and the value of Land

TitleGeography, regulation and the value of Land
Authors
Quigley, JMKok, NMonkkonen, P
Issue Date2011
PublisherSocial Science Electronic Publishing, Inc..
Citation
The 46th Annual Conference of the American Real Estate and Urban Economics Association (AREUEA), Denver, CO., 7-9 January 2011. How to Cite?
AbstractMost analyses of the determinants of land prices in urban areas make inferences from data on housing transactions which combine payments for land and long-lived improvements. In contrast, this study utilizes a large sample of market transactions on unimproved land in a major US metropolitan area to investigate directly the determinants of urban land prices. Using all land transactions in nine counties in the Bay Area during the 2000-2009 period, we investigate the link between the physical access of sites, their topographical characteristics, and the prices of vacant land on those sites suitable for development for residential or nonresidential uses. We investigate in detail the link between variations in the quality of public services available in different parts of metropolitan areas and the price of raw land. Most importantly, our analysis documents the powerful link between variations in the regulatory environment within a metropolitan development and the prices commanded by unimproved land as an input to residential or commercial development.
DescriptionWorking Paper Series
Persistent Identifierhttp://hdl.handle.net/10722/135719
SSRN
1717032

 

DC FieldValueLanguage
dc.contributor.authorQuigley, JMen_US
dc.contributor.authorKok, Nen_US
dc.contributor.authorMonkkonen, Pen_US
dc.date.accessioned2011-07-27T01:47:23Z-
dc.date.available2011-07-27T01:47:23Z-
dc.date.issued2011en_US
dc.identifier.citationThe 46th Annual Conference of the American Real Estate and Urban Economics Association (AREUEA), Denver, CO., 7-9 January 2011.en_US
dc.identifier.urihttp://hdl.handle.net/10722/135719-
dc.descriptionWorking Paper Series-
dc.description.abstractMost analyses of the determinants of land prices in urban areas make inferences from data on housing transactions which combine payments for land and long-lived improvements. In contrast, this study utilizes a large sample of market transactions on unimproved land in a major US metropolitan area to investigate directly the determinants of urban land prices. Using all land transactions in nine counties in the Bay Area during the 2000-2009 period, we investigate the link between the physical access of sites, their topographical characteristics, and the prices of vacant land on those sites suitable for development for residential or nonresidential uses. We investigate in detail the link between variations in the quality of public services available in different parts of metropolitan areas and the price of raw land. Most importantly, our analysis documents the powerful link between variations in the regulatory environment within a metropolitan development and the prices commanded by unimproved land as an input to residential or commercial development.-
dc.languageengen_US
dc.publisherSocial Science Electronic Publishing, Inc..-
dc.relation.ispartof46th AREUEA Annual Conference 2011en_US
dc.rights© 2011 Social Science Electronic Publishing, Inc. All Rights Reserved. For personal & noncommercial use apply only to specific documents and use of specific SSRN-provided statistics and other information.-
dc.titleGeography, regulation and the value of Landen_US
dc.typeConference_Paperen_US
dc.identifier.emailMonkkonen, P: paavo@hku.hken_US
dc.identifier.authorityMonkkonen, P=rp01298en_US
dc.description.naturelink_to_OA_fulltext-
dc.identifier.hkuros187721en_US
dc.publisher.placeUnited States-
dc.identifier.ssrn1717032-

Export via OAI-PMH Interface in XML Formats

OR

Export to Other Non-XML Formats