ECO 421LEC Lecture Notes - Lecture 5: South Jersey, Urban Growth Boundary, Nimby
Document Summary
Fertility, or the inherent productivity of the land (ricardo) Location (von thunen, alonso, muth and mills) Public interventions: property rights definition and enforcement, taxation, subsidies, infrastructure, regulation . The urban growth boundary & other anti-sprawl policies. In new jersey, the state government is buying some of the undeveloped land to keep it undeveloped in the future. In maryland, state policies favor restricting additional development and increasing densities by using various zoning policies. In oregon, by state law, cities must install a growth boundary to prevent development from expanding too far out. Thus it hurts especially low income housing consumers: the ugb can drive out of the urban area, population and jobs who could move to other cities or to small towns outside the urban area with a ugb. This can cause longer commuting times and more sprawl in smaller urban areas that do not have ugbs.
