Speculation and Monopoly in Urban Development : : Analytical foundations with evidence for Toronto / / J.R. Markusen, David T. Scheffman.

• Superior document: Title is part of eBook package: De Gruyter University of Toronto Press eBook-Package Archive 1933-1999
• VerfasserIn: Markusen, J.R.,; Scheffman, David T.,
• Place / Publishing House: Toronto : : University of Toronto Press, , [2020]; ©1977
• Year of Publication: 2020
• Language: English
• Series: Heritage
• Physical Description: 1 online resource (176 p.)

The recent rapid rise in land and housing prices in Canadian cities has generated much public concern. It is widely supposed that prices have been inflated by monopolistic developers, an assumption that has never been adequately tested. This study evolves a model of the land development process whic...

Table of Contents

• Frontmatter
• Contents
• Acknowledgments
• 1. A guide to the study
• 2. Ownership concentration and market power in urban land markets
• 3. The timing of land development
• 4. The role of uncertainty and speculation in the land market
• 5. An empirical investigation of land ownership in the Toronto region
• 6. Land assembly in the Toronto region
• 7. Implications for public policy
• APPENDIX A. Land and housing price data
• APPENDIX B. Ownership concentration and market power: the mathematical analysis
• APPENDIX C. Properties of the demand functions
• APPENDIX D. Derivation of the effects of the taxes
• APPENDIX E. Monopoly equilibrium: an example
• APPENDIX F. A model of the consumer-speculator
• Bibliography