Partial ownership of local firms and zoning of neighboring towns

Autor:	F. Javier Casado-Izaga, Juan Carlos Bárcena-Ruiz
Rok vydání:	2020
Předmět:	Competition (economics) Market economy 0502 economics and business 05 social sciences 0211 other engineering and technologies General Social Sciences 021107 urban & regional planning Social Welfare 02 engineering and technology Business 050207 economics Zoning General Environmental Science
Zdroj:	The Annals of Regional Science. 65:27-43
ISSN:	1432-0592 0570-1864
DOI:	10.1007/s00168-019-00972-5
Popis:	This paper investigates zoning in two neighboring towns in which firms are owned by investors that reside in the two towns. We find that local regulators use zoning strategically depending on the weight of local profits in social welfare. When they are high enough, both towns are zoned. For intermediate values an asymmetric result emerges: Only one regulator resorts to zoning despite the symmetry in the percentage of ownership of the neighboring firms. For a low weight of local profits, towns may or may not be zoned. Zoning restrictions on the location of firms are tighter when local profits are more significant for social welfare.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::8d5113111065727f4f9c3cfdd16ea288 https://doi.org/10.1007/s00168-019-00972-5 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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