{"title":"JUE Insight: Zoning and property taxation revisited—Was Hamilton right?","authors":"Jan K. Brueckner","doi":"10.1016/j.jue.2021.103393","DOIUrl":null,"url":null,"abstract":"<div><p>In rare theoretical treatments of ideas developed by Hamilton (1975, 1976) almost fifty wears ago, recent papers by Barseghyan and Coate (2016) and Calabrese et al. (2007) develop dynamic models to analyze zoning and property taxation in a system of communities. Their analyses led to negative conclusions, contradicting Hamilton’s view, by showing that efficient zoning does not emerge in equilibrium. The purpose of this note is to show that a different, affirmative conclusion can be reached in a simpler, highly stylized model that formalizes Hamilton’s idea.</p></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":null,"pages":null},"PeriodicalIF":5.7000,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Urban Economics","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0094119021000759","RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
In rare theoretical treatments of ideas developed by Hamilton (1975, 1976) almost fifty wears ago, recent papers by Barseghyan and Coate (2016) and Calabrese et al. (2007) develop dynamic models to analyze zoning and property taxation in a system of communities. Their analyses led to negative conclusions, contradicting Hamilton’s view, by showing that efficient zoning does not emerge in equilibrium. The purpose of this note is to show that a different, affirmative conclusion can be reached in a simpler, highly stylized model that formalizes Hamilton’s idea.
期刊介绍:
The Journal of Urban Economics provides a focal point for the publication of research papers in the rapidly expanding field of urban economics. It publishes papers of great scholarly merit on a wide range of topics and employing a wide range of approaches to urban economics. The Journal welcomes papers that are theoretical or empirical, positive or normative. Although the Journal is not intended to be multidisciplinary, papers by noneconomists are welcome if they are of interest to economists. Brief Notes are also published if they lie within the purview of the Journal and if they contain new information, comment on published work, or new theoretical suggestions.