The Supply of Land
- 1 February 1985
- journal article
- Published by SAGE Publications in Urban Studies
- Vol. 22 (1) , 49-56
- https://doi.org/10.1080/00420988520080051
Abstract
The supply of land to a use may result from individual suppliers maximizing utility. As a consequence: the slope of the supply curve cannot be determined a priori; supply will be influenced by the distribution of non-land income; different tenure categories will behave according to the balance of substitution and welfare effects; compulsory purchase may be necessary to surmount individual preferences; and the effect of a development gains tax on change of use will depend upon the relation between the rate of tax, the tax base, and the supplier's compensating variation.Keywords
This publication has 2 references indexed in Scilit:
- The Economics of Residential LocationPublished by Springer Nature ,1973
- Location and Land UsePublished by Harvard University Press ,1964