{"product_id":"economics-real-estate-and-the-supply-of-land-isbn-9781405118620","title":"Economics, Real Estate and the Supply of Land","description":"The book draws together the economic literature relating to the supply of land for development. The standard view appears to be that the owners of land have no interest other than to allow their land to be used for the activity which would yield the highest income. But in reality this is not so and the book's aim is to demonstrate this, to set out the reasons and to show the economic effects of the fact that landowners have other motives. \u003cp\u003eThe book covers the supply of land for urban development and shows how land has characteristics which differentiate it from other factors of production which will also affect its supply for some uses, e.g. land is fixed in location and its price and value are inseparable from where it is.\u003c\/p\u003e \u003cp\u003eNew light is cast on the market for land (by concentrating on the supply side), and on land use planning (by taking an economic viewpoint).\u003c\/p\u003e  \u003cb\u003eChapter 1: Introduction: The Market for Land and Property\u003c\/b\u003e. \u003cp\u003eThe supply of land.\u003c\/p\u003e \u003cp\u003eThe demand for land.\u003c\/p\u003e \u003cp\u003eThe development of a theory of the supply of land.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Land Values, Rents and Demand\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eRicardian rent theory.\u003c\/p\u003e \u003cp\u003eNeoclassical rent theory.\u003c\/p\u003e \u003cp\u003eRicardian theory remembered.\u003c\/p\u003e \u003cp\u003ePlanning controls and rent theory.\u003c\/p\u003e \u003cp\u003eHierarchical planning systems.\u003c\/p\u003e \u003cp\u003eUrban rent theory.\u003c\/p\u003e \u003cp\u003eRents, economic and commercial.\u003c\/p\u003e \u003cp\u003eSummary and conclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Coping with Changes in Demand\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eThe extensive margins.\u003c\/p\u003e \u003cp\u003eThe intensive margin.\u003c\/p\u003e \u003cp\u003eCapital longevity and the asymmetry of change.\u003c\/p\u003e \u003cp\u003eThe process of change in the housing market.\u003c\/p\u003e \u003cp\u003eSummary and conclusions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: How Efficient is the Property Market?.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eThe economic concept of efficiency.\u003c\/p\u003e \u003cp\u003eEfficient markets.\u003c\/p\u003e \u003cp\u003eThe evidence.\u003c\/p\u003e \u003cp\u003eTests of market efficiency.\u003c\/p\u003e \u003cp\u003eConclusions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Market Inefficiency: Causes and Consequences\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eWhy the property market is imperfect and inefficient.\u003c\/p\u003e \u003cp\u003ePrice determination and the theory of the core.\u003c\/p\u003e \u003cp\u003eThe consequences.\u003c\/p\u003e \u003cp\u003eConclusions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: The Supply of Land for a Particular Use: Speculation and Uncertainty\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eSpeculation.\u003c\/p\u003e \u003cp\u003eUncertainty.\u003c\/p\u003e \u003cp\u003eSummary and conclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: The Supply of Land for a Particular Use: Occupier Performances and Residential Attachment\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eOwner occupier attachment.\u003c\/p\u003e \u003cp\u003eSome empirical evidence.\u003c\/p\u003e \u003cp\u003eSummary and conclusions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: The Ownership of Land\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eTenants, owner occupiers, and the supply of land.\u003c\/p\u003e \u003cp\u003eOwnership and change.\u003c\/p\u003e \u003cp\u003eSummary and conclusions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Land Ownership, Politics and Society\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eSociety and the ownership of land.\u003c\/p\u003e \u003cp\u003eAlternative forms of ownership and tenancy.\u003c\/p\u003e \u003cp\u003eA libertarian view.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Ownership and Control: Monopoly\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eMonopoly rents and wine production.\u003c\/p\u003e \u003cp\u003eMonopoly rents and shopping centres.\u003c\/p\u003e \u003cp\u003eSummary and conclusions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Ownership and Control: Minimum Rents\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eMinimum rents.\u003c\/p\u003e \u003cp\u003eMinimum rents in an urban environment.\u003c\/p\u003e \u003cp\u003eSummary and conclusions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Information, Uncertainty and the Property Market\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eModelling the search for information.\u003c\/p\u003e \u003cp\u003eSearching for housing in practice.\u003c\/p\u003e \u003cp\u003eThe housing market.\u003c\/p\u003e \u003cp\u003eThe developer and land supply restriction.\u003c\/p\u003e \u003cp\u003eSummary and conclusions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Land Availability and Land Banking\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eLand availability.\u003c\/p\u003e \u003cp\u003eLand banking by private firms.\u003c\/p\u003e \u003cp\u003ePublic land banking.\u003c\/p\u003e \u003cp\u003eSummary and conclusions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Contiguity: Site Assembly\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eA game theory approach.\u003c\/p\u003e \u003cp\u003eA question of time.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: Contiguity: Compulsory Purchase and the Scale of Development\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eCompulsory purchase and the speed of acquisition.\u003c\/p\u003e \u003cp\u003eScale economies, acquisition costs, and history.\u003c\/p\u003e \u003cp\u003eSummary and conclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: Contiguity: Land Reallocation and the Price of Land\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eLand reallocation or adjustment.\u003c\/p\u003e \u003cp\u003eSize of site and the price of land.\u003c\/p\u003e \u003cp\u003eSummary and conclusions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: The Taxation of Land and Development Gains\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eThe undeserving landowner.\u003c\/p\u003e \u003cp\u003eBetterment.\u003c\/p\u003e \u003cp\u003eEconomic theory and taxes on development.\u003c\/p\u003e \u003cp\u003eLand taxation in recent British history.\u003c\/p\u003e \u003cp\u003eSummary and conclusions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18: Annual Taxation and the Nationalisation of Land\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eProperty taxes and the rates.\u003c\/p\u003e \u003cp\u003eSite value taxation.\u003c\/p\u003e \u003cp\u003eLand nationalisation.\u003c\/p\u003e \u003cp\u003eSummary and conclusions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19: Themes and Changes in Perception.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRecapitulation.\u003c\/p\u003e \u003cp\u003eCoda\u003c\/p\u003e  Excellent in the way it brings together in a coherent whole, various approaches to the analysis of the supply of land for development. The issues covered are pertinent for both practitioners and academics in providing a useful theoretical framework based on sound economics. The book is well written and enjoyable to read. \u003cbr\u003e \u003cp\u003eJournal of Property Investment and Finance, September 2005.\u003cbr\u003e \u003c\/p\u003e \u003cp\u003e'This is an ambitious and important contribution to the literature on the economic theory of land markets. I see this book as an outstanding contribution to urban economics.' Land Economics\u003c\/p\u003e Alan Evans, Professor of Environmental Economics, Centre for Spatial and Real Estate Economics, School of Business, University of Reading  The book draws together the economic literature relating to the supply of land for development. The standard view appears to be that the owners of land have no interest other than to allow their land to be used for the activity which would yield the highest income. But in reality this is not so and the book's aim is to demonstrate this, to set out the reasons and to show the economic effects of the fact that landowners have other motives. \u003cp\u003eThe book covers the supply of land for urban development and shows how land has characteristics which differentiate it from other factors of production which will also affect its supply for some uses, e.g. land is fixed in location and its price and value are inseparable from where it is.\u003c\/p\u003e \u003cp\u003eNew light is cast on the market for land (by concentrating on the supply side), and on land use planning (by taking an economic viewpoint).\u003c\/p\u003e","brand":"Wiley-Blackwell","offers":[{"title":"Default Title","offer_id":47989102313701,"sku":"NP9781405118620","price":179.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781405118620.jpg?v=1761782805","url":"https:\/\/k12savings.com\/es\/products\/economics-real-estate-and-the-supply-of-land-isbn-9781405118620","provider":"K12savings","version":"1.0","type":"link"}