Urban Property Markets: Some Empirical Results and Their Implications for Municipal Zoning

Urban Property Markets: Some Empirical Results and Their Implications for Municipal Zoning
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DOI:
10.1086/466631
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发表时间:
1967-10
期刊:
The Journal of Law and Economics
影响因子:
--
通讯作者:
J. Crecine;O. Davis;John E. Jackson
J. Crecine;O. Davis;John E. Jackson
中科院分区:
其他
文献类型:
--
作者:
J. Crecine;O. Davis;John E. Jackson

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考虑到我们社会日益城市化,城市房地产市场似乎将获得越来越多的学术关注。除了这个市场在我们现代经济中的重要性之外,它值得更多的关注,因为它似乎被理解得很差。当然,许多定义完美市场的说法确实适用于这个市场。有许多小的独立买家和卖家,通常没有一个人控制市场。参与者可以很容易地从真实的房地产经纪人和分类广告中获得有关价格的良好信息。另一方面,产品远非同质。就目前的目的而言,更重要的是,这个市场的特点应该是相互依存。据说,外部因素比比皆是。内省的证据,以及非正式的讨论,与这些人在选择住房的行为提供支持的观点,“邻里效应”确实发挥了重要的影响,在这个市场。分区条例的存在往往表明社会已经接受了这一观点。让我们来看看黑格的以下陈述:
GIVEN the growing urbanization of our society, it appears likely that the urban property market will command increased scholarly attention. Aside from the fact of the mere importance of this market in our modern economy, it deserves such increased attention because it seems to be so poorly understood. Of course, it is true that many of the statements defining perfect markets are applicable to this one. There are many small independent buyers and sellers, none of whom usually control the market. Participants can easily obtain good information about prices from real estate agents and classified advertising. On the other hand, the product is far from homogeneous. More important for the present purpose, this market is supposedly characterized by interdependence. Externalities are said to abound. Introspective evidence as well as informal discussions with those persons in the act of selecting housing lend support to the view that "neighborhood effects" indeed exert important influences in this market. The existence of zoning ordinances tends to indicate that society has accepted this view. Consider the following statement of Haig: