Land Development under the Threat of Taking

Abstract

This paper presents a model of the land developer's response to the threat of regulatory taking. It shows that the threat of regulation affects development timing and density differently than the regulation imposed with certainty. Planned development proceeds at a more rapid pace under the taking threat, whereas the development density varies systematically by location in a spatial land market. Further, property on which regulations are actually imposed will be developed later than planned when the demanded density is falling over time. Regulated property, however, may be developed even more quickly than planned when the demanded density is rising over time.

Planting Decision of Bio-Energy Feedstock under the Threat of Regulatory Taking

“…land value and development activity. [9] focused on land development under the threat of regulatory taking. In this paper we analyze farmers' decisions to invest in renewable bio-energy SRC under the threat of regulatory taking.…”