English, Article, Journal or magazine article edition: Revenue-Recycling and the Efficiency and Spatial Distributional Impacts of Development Taxes Bento, Antonio M.; Franco, Sophia F.; Kaffine, Daniel

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/148375
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Revenue-Recycling and the Efficiency and Spatial Distributional Impacts of Development Taxes
Author
  • Bento, Antonio M.
  • Franco, Sophia F.
  • Kaffine, Daniel
Physical Description
  • preprint
Notes
  • Recent studies that compare the efficiency and distributional impacts of alternative instruments to curb sprawl typically ignore what to do with the revenues from anti-sprawl policies, such as development taxes. This paper extends first-best analysis of development taxes aimed at preserving land at the urban fringe to account for interactions with other distortions within the urban system. By incorporating urban decline at the city core, which in turn, generates negative neighborhood spillover effects and extra pressure for development at the urban fringe, we provide a more complete framework to evaluate the efficiency and distributional impacts of development taxes. We consider three potential alternative schemes to recycle the revenues: lump sum recycling, earmarked revenues to purchase conservation easements that permanently save open space and earmarked revenues to subsidize a revitalization program at the city core. In this setting, when revenues from the development tax are earmarked to fund a conservation easement there is an additional welfare gain (relative to the lump sum case) because the threat of future conversation of open space is fully eliminated. Similarly, when revenues are earmarked to fund a revitalization program at the city core, there are additional sources of welfare that make this policy preferred relative to the lump-sum recycling scheme. Finally, we also explore the spatial distributional impacts of these three alternative recycling schemes.
  • Urban Sprawl, Revenue-Recycling, Regional Coordination, Spatial Modeling, Environmental Economics and Policy, Land Economics/​Use, Resource /​Energy Economics and Policy, Q31, R14, R38,
  • RePEc:ags:cudawp:51104
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment