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The Unearned Increment
Property and the Capture of Betterment Value in Britain and FrancePonenciasMayo 2012Philip A. BoothIn this paper, Philip A. Booth shows land value capture is closely linked to institutions that define property in land. Thus, we need to consider how property has been constructed in the law,...
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Town Planning Schemes as a Hybrid Land Readjustment Process in Ahmedabad, India
A Better Way to Grow?PonenciasMayo 2012Bishwapriya Sanyal and Chandan DeuskarIn India, local governments have increasingly relied on town planning schemes (TPS) to influence urban growth and to finance affordable housing and basic infrastructure. TPS is a hybrid land...
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The Affordability Challenge
Inclusionary Housing and Community Land Trusts in a Federal SystemPonenciasMayo 2012Richard P. Voith and Susan M. WachterRichard P. Voith and Susan M. Wachter discuss the relationship between building durable affordable housing and land value capture, using inclusionary housing requirements and community land trusts (...
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Transit Value Capture
New Town Co-Development Models and Land Market Updates in Tokyo and Hong KongPonenciasMayo 2012Jin MurakamiTransit value capture is another common project-based approach for capturing land value increases generated by public investment. Jin Murakami examines this technique, which is used by major railway...
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Airport Improvement Fees, Benefit Spillovers, and Land Value Capture Mechanisms
PonenciasMayo 2012Anming ZhangAirports may use land value capture as a funding source for infrastructure improvements. Anming Zhang explores the questions of how positive externalities generated by airports should be internalized...
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Experimenting with Land Value Capture on Western State Trust Land
PonenciasMayo 2012Susan Culp and Dan HuntingThe use of land value capture to finance investments in state trust land is another potential extension of the concept. Traditionally, state trust land has been leased to private companies and...
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How Alternative Revenue Structures Are Changing Local Government
PonenciasMayo 2010Tracy M. Gordon and Kim RuebenIn this paper, Tracy M. Gordon and Kim Rueben note that the revenue mix for local government changes frequently in response to economic shocks, policy shifts, and technological advances in tax...
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Property Rights and Real Estate Privatization in Russia
A Work in ProgressPonenciasMayo 2009Bertrand Renaud, Joseph K. Eckert, and R. Jerome AndersonRussia has attempted to develop property rights institutions to facilitate the development of private real estate markets since 1991. As of 2008 only one city (Veliky Novgorod) of 171 medium and...
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Should Decreases in Property Value Caused by Regulations Be Compensated?
PonenciasMayo 2009Abraham BellIdeally, government could recoup the benefits of land use planning and redistribute them to those who bear the costs. In this case takings compensation is justified. Given the reciprocal nature of...
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Private Conservation Easements
Balancing Private Initiative and the Public InterestPonenciasMayo 2009A commonly used property rights approach to conserving the environment is private conservation easements. Gerald Korngold discusses the benefits of this policy and proposes methods to mediate some of...
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