 | Speculation and Monopoly in Urban Development: Analytical foundations with evidence for Toronto Subjects: Land subdivision; Land subdivision -- Ontario -- Toronto metropolitan area; Real estate investment; Cities and towns -- Planning; This study evolves a model of the land development process which includes a new theory of land pricing giving special emphases to market structure, speculation, and taxation. It then applies the model to the first fully documented examination of the Toronto land market, presenting specific original data on ownership and land assembly. Markusen J.R. : J.R. MARKUSEN was a member of the Department of Economics at the Unviersity of Western Ontario.Scheffman David T. : David T. Scheffman is the Managing Director of Berkeley Research Group. He is a scholar of economics and has over 12 years of experience in a number of senior positions at the U.S. Federal Trade Commission's Bureau of Economics. |
