Demand, Segmentation, and Timing Effects of an Urban Containment Program on Urban Fringe Land Values

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Abstract
Theoretically, urban containment programs will create an additional demand for urban land, reduce the demand for rural land, and segment the urban fringe land market into urban and rural submarkets. However, empirical evidence of these effects is scant. In addition, there is some question of the time it takes the urban fringe land market to internalize the supply restricting effects of urban containment programs. This paper presents evidence of the demand, segmentation, and timing effects of an urban containment program on urban fringe land values.