How Efficient Is Urban Land Speculation?

Abstract

This piece of writing aims to scrutinize the results of speculation in land at the urban sideline on resource allotment. By identifying supplementary than a few distinct possessor types, the paper discloses that changes in possession as fighting fit as to the temperament and use of the land were the key indicators of urban land speculation. The authors conduct a case study and a model plan. A straightforward self-motivated model of the residential spot is urbanized, and its properties are analyzed both qualitatively and numerically. One finding is that social costs in a typical city are increased by about five to eleven percent as a result of speculative increases in the value of idle and underutilized land.

Keywords: Speculation; tax; model; opportunity cost.

DOI: 10.7176/JEES/12-7-03

Publication date:July 31^st 2022