W 05-003 the Urban Impact of the Endangered Species Act : a General Equilibrium Analysis

@inproceedings{Quigley2007W0T,
  title={W 05-003 the Urban Impact of the Endangered Species Act : a General Equilibrium Analysis},
  author={John M. Quigley and Aaron M. Swoboda},
  year={2007}
}
We consider the general equilibrium implications of environmental regulations which result in a reduction of otherwise profitable residential development. Critical habitat designation under the Endangered Species Act is an important example. If the regulations affect a significant amount of land, they may have important effects on the rest of the regional economy—increasing rents and densities on lands not subject to the regulation, causing the conversion of lands from alternative uses… CONTINUE READING