Zoning, first-best, second-best, and third-best criteria for allocating land for roads
Zoning, first-best, second-best, and third-best criteria for allocating land for roads
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分区、道路用地分配的第一最佳、第二最佳和第三最佳标准
DOI:
10.1016/0094-1190(85)90044-0
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发表时间:
1985
影响因子:
6.3
通讯作者:
E. Sadka
中科院分区:
文献类型:
--
作者:
D. Pinés;E. Sadka
This paper elaborates on the cost-benefit criteria for land uses in an urban setting and on the bias which results from use of market data rather than true shadow prices in the calculation. This bias has been discussed extensively in the urban economics literature, especially in response to the studies of Solow and Vickrey [7] and Solow [6]. Progress has been made, especially by Kanemoto [3], Arnott and Mackinnon [2], Amott [l], and Pines and Saclka 151. However, because of the different underlying assumptions, it is difficult to evaluate and compare some of the seemingly conflicting results reported in these works. The purpose of this paper is to reformulate the issues using a systematic exposition, to distinguish among various cost-benefit calculations and policy regimes, and to derive concisely the main results with some useful extensions. The cost-benefit criteria evaluated in this paper refer to three types of decision making:(a) Converting land from agricultural to residential use;(b) converting land from agricultural to road use;(c) converting land from residential to road use.