IS ZONING A POSITIVE‐SUM GAME?
Malcolm O. Asadoorian
(Ph.D. Candidate, Department of Economics, Clark University, Worcester, MA 01610 and Lecturer, Department of Economics and Global Studies, Assumption College, Worcester, MA 01615.)
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Abstract
Zoning is typically deemed a negative‐sum game accompanied by a call for the establishment of a market for development rights. Using a formal one‐stage game of a typical zoning lottery, I demonstrate that zoning is not exclusively negative‐sum, but can also be positive‐sum, even with internalized social costs.
Citation
Asadoorian, M.O. (1998), "IS ZONING A POSITIVE‐SUM GAME?", Studies in Economics and Finance, Vol. 19 No. 1/2, pp. 3-24. https://doi.org/10.1108/eb028750
Publisher
:MCB UP Ltd
Copyright © 1998, MCB UP Limited