Supporters of a community property-rights theory of zoning, like Robert Nelson and William Fischel, argue that zoning regimes give local governments the right to prevent new development but allow landowners to negotiate for permission to build. This is efficient, as it reduces the transaction costs for negotiations between builders and incumbent residents over the effect new projects have on property values in a jurisdiction.
As long as transaction costs are low, assigning the right to permit development to the local government instead of giving landowners the ability to build as of right should not matter. Further, zoning regimes do not do much better in practice than the market, courts, or private contracts at minimizing nuisances. One might take from this that little about zoning has changed in the last few decades, either on the ground or intellectually.
This would be wrong on both counts. The major intellectual development has been the rise of agglomeration economics, most notably the work of Paul Krugman, Robert Lucas, and Edward Glaeser. Their work explores exactly what benefits individuals and businesses get from colocating, or existing in close physical proximity to others.
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Further, certain agglomerative factors--particularly information spillovers between highly educated residents--have become increasingly important in the modern economy. More Department News. This is an example of a widget area that you can place text to describe a product or service. You can also use other WordPress widgets such as recent posts, recent comments, a tag cloud or more. UCR Department of Philosophy. Master of Studies in Law , Yale Law School, Areas of Interest Legal and moral philosophy, including issues concerning risks, science and the law, the regulation of carcinogens and developmental toxicants, and the use of scientific evidence in legal decisions.
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