This important volume brings together seminal papers investigating the framework upon which the economic analysis of land markets is based, stretching from the earliest insights of the founding fathers to current debates and research. Recent work on the process and implications of 'land value capitalisation' and land use regulation is well represented, for due to capitalisation, land is responsible for far more of the distribution of real incomes than is widely recognised. This collection settles this, restoring the study of land markets to its rightful place - central to economic understanding.
With an original introduction by the editors this insightful collection is an essential reference point for students, researchers and policymakers.
‘Paul Cheshire and Christian Hilber have put together the “go-to” collection for any student interested in land market regulations and their effects. This volume gathers all the classics on the topic over the last sixty years with a welcome focus on recent developments in this active area of research. This collected volume is also very usefully supplemented by an insightful introduction by the two editors.’
– Gilles Duranton, University of Pennsylvania, US
Contributors include: R. Arnott, E. Glaeser, R.W. Helsley, W. Oates, P. Samuelson, W.C. Wheaton.
Edited by Paul C. Cheshire and Christian A.L. Hilber, Professors of Economic Geography, London School of Economics, UK.