Estimating the Economic Value of Zoning Reform
We estimate the economic value of zoning reform in São Paulo, which altered maximum permitted construction along transportation corridors. Developers increased filings for multifamily construction in blocks affected by the reform, leading to more housing supply and lower housing prices in neighborhoods that allow more densification. Our equilibrium model of housing markets estimates an aggregate…
We haven't written up this one. Marginal Revolution has the full story — the link below goes straight to it.
